Todd Asset Management LLC Sells 3,133 Shares of Jacobs Solutions Inc. (NYSE:J)

Todd Asset Management LLC lowered its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 0.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 336,143 shares of the company’s stock after selling 3,133 shares during the quarter. Jacobs Solutions accounts for about 1.0% of Todd Asset Management LLC’s investment portfolio, making the stock its 19th largest holding. Todd Asset Management LLC’s holdings in Jacobs Solutions were worth $43,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Boston Partners acquired a new position in shares of Jacobs Solutions in the 3rd quarter valued at approximately $106,946,000. Baupost Group LLC MA acquired a new position in Jacobs Solutions during the third quarter valued at approximately $66,583,000. Third Point LLC boosted its holdings in shares of Jacobs Solutions by 32.8% in the 3rd quarter. Third Point LLC now owns 1,800,000 shares of the company’s stock valued at $245,700,000 after purchasing an additional 445,018 shares in the last quarter. Ceredex Value Advisors LLC increased its stake in shares of Jacobs Solutions by 117.2% in the 4th quarter. Ceredex Value Advisors LLC now owns 615,289 shares of the company’s stock valued at $79,865,000 after purchasing an additional 332,053 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Jacobs Solutions by 82.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 411,271 shares of the company’s stock worth $56,141,000 after buying an additional 186,030 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction on 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 sale, the chief financial officer now directly owns 233,104 shares of the company’s stock, valued at $35,711,532.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $229,800.00. Following the transaction, the chief financial officer now owns 233,104 shares in the company, valued at $35,711,532.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Shelette M. Gustafson sold 1,852 shares of the business’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 sale, the executive vice president now owns 28,791 shares of the company’s stock, valued at approximately $4,261,068. The disclosure for this sale can be found here. Insiders sold a total of 24,338 shares of company stock valued at $3,618,695 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on J shares. Truist Financial started coverage on Jacobs Solutions in a research report on Thursday, March 14th. They issued a “hold” rating and a $154.00 target price on the stock. KeyCorp initiated coverage on shares of Jacobs Solutions in a report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Royal Bank of Canada increased their price objective on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Argus raised their target price 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. Finally, Bank of America upped their price target on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $155.25.

Jacobs Solutions Trading Up 2.2 %

Shares of NYSE:J traded up $3.17 during trading on Friday, reaching $148.10. The stock had a trading volume of 668,452 shares, compared to its average volume of 449,142. Jacobs Solutions Inc. has a 52 week low of $109.00 and a 52 week high of $154.50. 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 firm’s fifty day moving average is $147.41 and its 200 day moving average is $138.12. The stock has a market cap of $18.61 billion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 1.57 and a beta of 0.74.

Jacobs Solutions (NYSE:J) last issued 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 return on equity of 14.57% and a net margin of 4.20%. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period last year, the business posted $1.67 EPS. The business’s revenue was up 10.6% compared to the same quarter last year. As a group, equities analysts forecast that Jacobs Solutions Inc. will post 8.07 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 24th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, May 23rd. Jacobs Solutions’s payout ratio is 20.71%.

About Jacobs Solutions

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.