First Pacific Financial Buys Shares of 205 Jacobs Solutions Inc. (NYSE:J)

First Pacific Financial purchased a new stake in Jacobs Solutions Inc. (NYSE:J) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 205 shares of the company’s stock, valued at approximately $27,000.

Other hedge funds also recently made changes to their positions in the company. Clear Street Markets LLC grew its position in Jacobs Solutions by 93.8% during the first quarter. Clear Street Markets LLC now owns 250 shares of the company’s stock worth $29,000 after buying an additional 121 shares in the last quarter. Park Place Capital Corp grew its position in Jacobs Solutions by 473.9% during the third quarter. Park Place Capital Corp now owns 264 shares of the company’s stock worth $36,000 after buying an additional 218 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Jacobs Solutions in the 3rd quarter worth about $42,000. Money Concepts Capital Corp purchased a new position in shares of Jacobs Solutions in the 4th quarter worth about $46,000. Finally, Quarry LP boosted its holdings in shares of Jacobs Solutions by 78.9% in the 1st quarter. Quarry LP now owns 442 shares of the company’s stock worth $52,000 after purchasing an additional 195 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on J. Royal Bank of Canada upped their price objective on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Truist Financial began coverage on Jacobs Solutions in a research note on Thursday, March 14th. They issued a “hold” rating and a $154.00 target price for the company. KeyCorp began coverage on Jacobs Solutions in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company. Finally, Argus boosted their target price on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Jacobs Solutions presently has an average rating of “Moderate Buy” and an average target price of $154.27.

Insider Activity at Jacobs Solutions

In other news, EVP Shelette M. Gustafson sold 1,852 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $148.00, for a total value of $274,096.00. Following the completion of the sale, the executive vice president now owns 28,791 shares of the company’s stock, valued at approximately $4,261,068. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 1,852 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $148.00, for a total value of $274,096.00. Following the completion of the transaction, the executive vice president now owns 28,791 shares of the company’s stock, valued at approximately $4,261,068. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Patrick Hill sold 5,486 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $149.00, for a total transaction of $817,414.00. Following the completion of the transaction, the executive vice president now directly owns 57,233 shares of the company’s stock, valued at approximately $8,527,717. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Jacobs Solutions Stock Performance

Shares of NYSE:J opened at $152.90 on Thursday. The company has a market capitalization of $19.21 billion, a price-to-earnings ratio of 27.30, a price-to-earnings-growth ratio of 1.59 and a beta of 0.73. Jacobs Solutions Inc. has a 52 week low of $109.00 and a 52 week high of $153.01. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $144.25 and a 200 day moving average of $135.96.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.46. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period in the previous year, the company earned $1.67 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, sell-side analysts predict that Jacobs Solutions Inc. will post 8.06 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, February 22nd. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.26. Jacobs Solutions’s dividend payout ratio is 20.71%.

Jacobs Solutions 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.