Jacobs Solutions Inc. (NYSE:J) Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc reduced its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,887 shares of the company’s stock after selling 1,401 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Jacobs Solutions were worth $7,254,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its position in Jacobs Solutions by 3.7% during the third quarter. IFP Advisors Inc now owns 2,165 shares of the company’s stock worth $296,000 after buying an additional 78 shares during the period. Stratos Wealth Partners LTD. grew its position in shares of Jacobs Solutions by 0.9% in the third quarter. Stratos Wealth Partners LTD. now owns 9,346 shares of the company’s stock valued at $1,276,000 after purchasing an additional 86 shares during the last quarter. Private Trust Co. NA grew its position in shares of Jacobs Solutions by 17.8% in the fourth quarter. Private Trust Co. NA now owns 575 shares of the company’s stock valued at $75,000 after purchasing an additional 87 shares during the last quarter. Signaturefd LLC grew its position in shares of Jacobs Solutions by 11.4% in the third quarter. Signaturefd LLC now owns 887 shares of the company’s stock valued at $121,000 after purchasing an additional 91 shares during the last quarter. Finally, Janney Capital Management LLC grew its position in shares of Jacobs Solutions by 2.8% in the third quarter. Janney Capital Management LLC now owns 3,430 shares of the company’s stock valued at $468,000 after purchasing an additional 93 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on J. Citigroup increased their price target on shares of Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank of Canada increased their price target on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Bank of America increased their price target on shares of Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Truist Financial began coverage on shares of Jacobs Solutions in a research report on Thursday, March 14th. They issued a “hold” rating and a $154.00 price target on the stock. Finally, Argus increased their price target on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $155.25.

Insider Activity

In other news, EVP Shelette M. Gustafson sold 1,852 shares of the firm’s stock in a transaction 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 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 legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Shelette M. Gustafson sold 1,852 shares of the firm’s stock in a transaction 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 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 legal filing with the SEC, which is accessible through this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the transaction, the insider now directly owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,838 shares of company stock valued at $2,393,710. Company insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Performance

NYSE:J opened at $144.65 on Wednesday. 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 company has a market cap of $18.18 billion, a P/E ratio of 25.83, a P/E/G ratio of 1.53 and a beta of 0.73. Jacobs Solutions Inc. has a fifty-two week low of $109.00 and a fifty-two week high of $154.50. The firm’s 50 day moving average is $147.62 and its two-hundred day moving average is $137.78.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, topping 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 company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter last year, the firm posted $1.67 earnings per share. Jacobs Solutions’s revenue was up 10.6% on a year-over-year basis. Analysts expect that Jacobs Solutions Inc. will post 8.07 EPS for the current year.

Jacobs Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.80%. 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 (DPR) is currently 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.