Machina Capital S.A.S. Makes New $410,000 Investment in Jacobs Solutions Inc. (NYSE:J)

Machina Capital S.A.S. purchased a new stake in Jacobs Solutions Inc. (NYSE:J) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,162 shares of the company’s stock, valued at approximately $410,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Boston Partners purchased a new stake in Jacobs Solutions during the third quarter worth $106,946,000. Baupost Group LLC MA purchased a new stake in Jacobs Solutions during the third quarter worth $66,583,000. Third Point LLC boosted its position in Jacobs Solutions by 32.8% during the third quarter. Third Point LLC now owns 1,800,000 shares of the company’s stock worth $245,700,000 after purchasing an additional 445,018 shares in the last quarter. Ceredex Value Advisors LLC boosted its position in Jacobs Solutions by 117.2% during the fourth quarter. Ceredex Value Advisors LLC now owns 615,289 shares of the company’s stock worth $79,865,000 after purchasing an additional 332,053 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Jacobs Solutions by 82.6% during the third quarter. Ameriprise Financial Inc. now owns 411,271 shares of the company’s stock worth $56,141,000 after purchasing an additional 186,030 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on J. Citigroup upped their price objective on Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Truist Financial began coverage on Jacobs Solutions in a research report on Thursday, March 14th. They issued a “hold” rating and a $154.00 price objective on the stock. Argus upped their price objective on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Royal Bank of Canada upped their price objective on Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Finally, Bank of America upped their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Jacobs Solutions has a consensus rating of “Moderate Buy” and an average price target of $155.25.

Jacobs Solutions Trading Up 0.7 %

NYSE:J traded up $0.98 on Monday, hitting $149.08. 1,014,557 shares of the stock were exchanged, compared to its average volume of 637,195. The stock has a market cap of $18.73 billion, a PE ratio of 26.62, a PEG ratio of 1.57 and a beta of 0.74. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42. The stock has a fifty day moving average of $147.46 and a 200-day moving average of $138.24. Jacobs Solutions Inc. has a fifty-two week low of $109.00 and a fifty-two week high of $154.50.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. The company had revenue of $4.20 billion for 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 quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.67 EPS. As a group, equities analysts expect that Jacobs Solutions Inc. will post 8.07 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

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

Insider Buying and Selling

In other news, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $229,800.00. Following the transaction, the chief financial officer now directly owns 233,104 shares in the company, valued at approximately $35,711,532.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Patrick Hill sold 5,486 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $149.00, for a total value of $817,414.00. Following the completion of the sale, the executive vice president now owns 57,233 shares of the company’s stock, valued at $8,527,717. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kevin C. Berryman sold 1,500 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 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 approximately $35,711,532.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,338 shares of company stock valued at $3,618,695. Insiders own 1.00% of the company’s stock.

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.