J.W. Cole Advisors Inc. Takes $287,000 Position in Jacobs Solutions Inc. (NYSE:J)

J.W. Cole Advisors Inc. acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:JFree Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,865 shares of the company’s stock, valued at approximately $287,000.

A number of other institutional investors and hedge funds also recently modified their holdings of J. First Pacific Financial acquired a new position in shares of Jacobs Solutions during the 4th quarter valued at about $27,000. GAMMA Investing LLC acquired a new stake in Jacobs Solutions during the 4th quarter worth approximately $27,000. ICA Group Wealth Management LLC acquired a new stake in Jacobs Solutions during the 4th quarter worth approximately $30,000. Union Savings Bank increased its position in Jacobs Solutions by 78.1% during the 4th quarter. Union Savings Bank now owns 285 shares of the company’s stock worth $37,000 after purchasing an additional 125 shares in the last quarter. Finally, Northwest Financial Advisors acquired a new stake in Jacobs Solutions during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insider Buying and Selling

In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $145.31, for a total value of $217,965.00. Following the sale, the chief financial officer now directly owns 231,604 shares of the company’s stock, valued at $33,654,377.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $143.86, for a total value of $1,007,020.00. Following the sale, the insider now directly owns 548,138 shares of the company’s stock, valued at $78,855,132.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $145.31, for a total value of $217,965.00. Following the completion of the sale, the chief financial officer now directly owns 231,604 shares in the company, valued at $33,654,377.24. The disclosure for this sale can be found here. Insiders have sold 22,500 shares of company stock worth $3,180,575 over the last ninety days. 1.00% of the stock is owned by insiders.

Jacobs Solutions Stock Performance

Jacobs Solutions stock opened at $136.74 on Friday. The stock has a market cap of $17.12 billion, a P/E ratio of 26.40, a price-to-earnings-growth ratio of 1.57 and a beta of 0.70. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average of $139.74 and a 200-day moving average of $140.87. Jacobs Solutions Inc. has a 52 week low of $119.76 and a 52 week high of $154.50.

Jacobs Solutions (NYSE:JGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.07. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The firm had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same period last year, the business posted $1.81 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts expect that Jacobs Solutions Inc. will post 7.98 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, May 24th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Thursday, May 23rd. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on J. Citigroup increased their target price on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. William Blair cut Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. StockNews.com cut Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd. Argus upped their price target on Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Finally, Truist Financial decreased their price target on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $156.82.

Check Out Our Latest Report on J

Jacobs Solutions Company Profile

(Free Report)

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.

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Institutional Ownership by Quarter for Jacobs Solutions (NYSE:J)

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