Jacobs Solutions Inc. (NYSE:J) Shares Bought by Ninety One UK Ltd

Ninety One UK Ltd boosted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,044,031 shares of the company’s stock after acquiring an additional 114,076 shares during the quarter. Ninety One UK Ltd’s holdings in Jacobs Solutions were worth $265,315,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in J. First Pacific Financial acquired a new stake in shares of Jacobs Solutions in the fourth quarter valued at $27,000. Clear Street Markets LLC grew its stake in shares of Jacobs Solutions by 93.8% in the first quarter. Clear Street Markets LLC now owns 250 shares of the company’s stock valued at $29,000 after buying an additional 121 shares in the last quarter. Park Place Capital Corp grew its stake in shares of Jacobs Solutions by 473.9% in the third quarter. Park Place Capital Corp now owns 264 shares of the company’s stock valued at $36,000 after buying an additional 218 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Jacobs Solutions in the third quarter valued at $42,000. Finally, Money Concepts Capital Corp acquired a new stake in shares of Jacobs Solutions in the fourth quarter valued at $46,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on J. Bank of America lifted their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada lifted their price objective on Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Truist Financial assumed coverage on Jacobs Solutions in a report on Thursday, March 14th. They issued a “hold” rating and a $154.00 target price for the company. Argus lifted their target price on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Finally, KeyCorp assumed coverage on Jacobs Solutions in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Jacobs Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $154.08.

Insider Activity

In other news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $1,072,400.00. Following the completion of the sale, the insider now directly owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $1,072,400.00. Following the completion of the sale, the insider now directly owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the completion of the transaction, the chief financial officer now owns 233,104 shares in the company, valued at approximately $35,711,532.80. The disclosure for this sale can be found here. In the last three months, insiders sold 15,838 shares of company stock valued at $2,393,710. Insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Up 0.3 %

NYSE J traded up $0.49 during trading on Thursday, reaching $143.46. 82,519 shares of the company’s stock were exchanged, compared to its average volume of 659,535. The stock has a market cap of $18.03 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 1.54 and a beta of 0.73. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. The company has a 50 day moving average price of $147.64 and a two-hundred day moving average price of $137.51. Jacobs Solutions Inc. has a 1 year low of $109.00 and a 1 year high of $154.50.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. The company had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.02 billion. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. Jacobs Solutions’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.67 EPS. On average, equities research analysts anticipate that Jacobs Solutions Inc. will post 8.07 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were issued a $0.29 dividend. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Thursday, February 22nd. Jacobs Solutions’s payout ratio is presently 20.71%.

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.