Boston Common Asset Management LLC decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J – Free Report) by 49.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,233 shares of the company’s stock after selling 11,119 shares during the quarter. Boston Common Asset Management LLC’s holdings in Jacobs Solutions were worth $1,488,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Jacobs Solutions by 103.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 187 shares of the company’s stock valued at $25,000 after purchasing an additional 95 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Jacobs Solutions in the 3rd quarter worth approximately $27,000. Central Pacific Bank Trust Division acquired a new position in Jacobs Solutions during the 4th quarter valued at approximately $31,000. Godsey & Gibb Inc. grew its stake in Jacobs Solutions by 121.0% during the 3rd quarter. Godsey & Gibb Inc. now owns 221 shares of the company’s stock worth $33,000 after buying an additional 121 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in Jacobs Solutions by 65.4% during the 3rd quarter. Geneos Wealth Management Inc. now owns 220 shares of the company’s stock worth $33,000 after buying an additional 87 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.
Jacobs Solutions Stock Down 0.9%
J opened at $124.80 on Tuesday. The stock’s 50 day moving average price is $135.38 and its 200 day moving average price is $141.90. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market cap of $14.66 billion, a P/E ratio of 34.19, a P/E/G ratio of 1.30 and a beta of 0.78. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $168.44.
Jacobs Solutions Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, February 20th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.2%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 20th. Jacobs Solutions’s payout ratio is 39.45%.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on J shares. Zacks Research raised Jacobs Solutions from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Wall Street Zen upgraded shares of Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jacobs Solutions in a report on Monday, December 29th. Finally, Wells Fargo & Company lifted their price objective on shares of Jacobs Solutions from $130.00 to $137.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.60.
Read Our Latest Analysis on Jacobs Solutions
Insider Buying and Selling
In other Jacobs Solutions news, President Shannon Miller sold 1,440 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $134.13, for a total transaction of $193,147.20. Following the completion of the transaction, the president directly owned 25,344 shares of the company’s stock, valued at approximately $3,399,390.72. This trade represents a 5.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.48% of the stock is currently owned by insiders.
Jacobs Solutions Company Profile
Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.
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