Nisa Investment Advisors LLC Has $5.06 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

Nisa Investment Advisors LLC decreased its stake in Jacobs Solutions Inc. (NYSE:J) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,241 shares of the company’s stock after selling 287 shares during the period. Nisa Investment Advisors LLC’s holdings in Jacobs Solutions were worth $5,063,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC acquired a new position in Jacobs Solutions in the 4th quarter valued at approximately $27,000. Bruce G. Allen Investments LLC increased its position in shares of Jacobs Solutions by 427.5% during the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares during the period. ICA Group Wealth Management LLC acquired a new position in shares of Jacobs Solutions in the fourth quarter valued at $30,000. Union Savings Bank lifted its position in Jacobs Solutions by 78.1% in the fourth quarter. Union Savings Bank now owns 285 shares of the company’s stock worth $37,000 after purchasing an additional 125 shares during the period. Finally, Northwest Financial Advisors acquired a new stake in Jacobs Solutions during the fourth quarter worth $39,000. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

J stock opened at $148.05 on Tuesday. The stock has a market capitalization of $18.54 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 1.67 and a beta of 0.70. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. The company has a 50 day moving average price of $142.63 and a 200 day moving average price of $143.79. Jacobs Solutions Inc. has a fifty-two week low of $120.71 and a fifty-two week high of $154.50.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.96. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.82 earnings per share. Analysts forecast that Jacobs Solutions Inc. will post 7.98 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, July 26th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.78%. Jacobs Solutions’s dividend payout ratio is 22.39%.

Insider Activity

In related news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $139.43, for a total transaction of $976,010.00. Following the sale, the insider now owns 541,138 shares of the company’s stock, valued at approximately $75,450,871.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 21,000 shares of company stock valued at $2,983,750 in the last quarter. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

J has been the subject of a number of analyst reports. Citigroup raised their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. William Blair downgraded Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Truist Financial reiterated a “hold” rating and issued a $158.00 price objective (up from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. Robert W. Baird cut their target price on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, StockNews.com cut Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 15th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $160.40.

Jacobs Solutions Company Profile

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.