Aberdeen Group plc increased its position in shares of Jacobs Solutions Inc. (NYSE:J – Free Report) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 183,038 shares of the company’s stock after purchasing an additional 5,036 shares during the period. Aberdeen Group plc owned 0.15% of Jacobs Solutions worth $24,245,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of J. Cary Street Partners Investment Advisory LLC lifted its holdings in Jacobs Solutions by 103.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 187 shares of the company’s stock valued at $25,000 after acquiring an additional 95 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Jacobs Solutions in the third quarter valued at $27,000. Central Pacific Bank Trust Division acquired a new position in shares of Jacobs Solutions in the 4th quarter valued at $31,000. Godsey & Gibb Inc. lifted its stake in shares of Jacobs Solutions by 121.0% in the 3rd quarter. Godsey & Gibb Inc. now owns 221 shares of the company’s stock valued at $33,000 after purchasing an additional 121 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of 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 purchasing an additional 87 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.
Jacobs Solutions Trading Down 0.1%
J opened at $127.92 on Monday. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $168.44. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.72. The business has a fifty day simple moving average of $134.57 and a 200-day simple moving average of $141.37. The firm has a market cap of $15.02 billion, a P/E ratio of 35.05, a P/E/G ratio of 1.32 and a beta of 0.77.
Jacobs Solutions Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, February 20th were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, February 20th. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.32. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. Jacobs Solutions’s payout ratio is 39.45%.
Insider Buying and Selling at Jacobs Solutions
In related news, President Shannon Miller sold 1,440 shares of Jacobs Solutions stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $134.13, for a total value of $193,147.20. Following the completion of the transaction, the president owned 25,344 shares in the company, valued at approximately $3,399,390.72. The trade was a 5.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.48% of the company’s stock.
Analysts Set New Price Targets
A number of analysts recently issued reports on J shares. Wall Street Zen raised Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 7th. Zacks Research raised shares of Jacobs Solutions from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jacobs Solutions in a research note on Monday, December 29th. Finally, Wells Fargo & Company boosted their price target on shares of Jacobs Solutions from $130.00 to $137.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $156.60.
Get Our Latest Research Report on J
About Jacobs Solutions
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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