International Assets Investment Management LLC Boosts Stock Position in Jacobs Solutions Inc. (NYSE:J)

International Assets Investment Management LLC lifted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 12,990.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,614 shares of the company’s stock after purchasing an additional 13,510 shares during the quarter. International Assets Investment Management LLC’s holdings in Jacobs Solutions were worth $1,782,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in J. State Board of Administration of Florida Retirement System grew its position in shares of Jacobs Solutions by 8.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 139,469 shares of the company’s stock worth $21,441,000 after buying an additional 10,542 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Jacobs Solutions by 305.4% in the 1st quarter. Russell Investments Group Ltd. now owns 182,135 shares of the company’s stock valued at $27,910,000 after purchasing an additional 137,213 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Jacobs Solutions by 32.1% in the 2nd quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock valued at $37,968,000 after purchasing an additional 66,002 shares in the last quarter. Duality Advisers LP raised its stake in Jacobs Solutions by 1,241.6% in the first quarter. Duality Advisers LP now owns 25,289 shares of the company’s stock valued at $3,888,000 after buying an additional 23,404 shares in the last quarter. Finally, UniSuper Management Pty Ltd raised its position in shares of Jacobs Solutions by 448.6% during the 1st quarter. UniSuper Management Pty Ltd now owns 7,801 shares of the company’s stock worth $1,199,000 after acquiring an additional 6,379 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on J. Robert W. Baird decreased their price objective on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Truist Financial reduced their price objective on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. StockNews.com lowered shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Royal Bank of Canada upped their price target on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a research report on Friday, October 4th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $159.30.

Insider Activity

In related news, SVP William B. Allen, Jr. sold 1,451 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $146.51, for a total value of $212,586.01. Following the sale, the senior vice president now owns 26,699 shares in the company, valued at $3,911,670.49. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction of $212,586.01. Following the completion of the transaction, the senior vice president now owns 26,699 shares in the company, valued at approximately $3,911,670.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value of $625,633.38. Following the sale, the executive vice president now owns 24,564 shares in the company, valued at approximately $3,688,038.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 7,516 shares of company stock worth $1,124,533. Company insiders own 1.00% of the company’s stock.

Jacobs Solutions Trading Down 0.7 %

Shares of Jacobs Solutions stock opened at $139.62 on Monday. The firm has a market cap of $17.35 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 1.42 and a beta of 0.71. Jacobs Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $144.56. The company’s 50-day simple moving average is $143.58 and its 200-day simple moving average is $142.60. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.96. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same quarter in the previous year, the firm posted $1.82 EPS. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, equities research analysts anticipate that Jacobs Solutions Inc. will post 7.95 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.83%. Jacobs Solutions’s dividend payout ratio is presently 22.92%.

About Jacobs Solutions

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.