Tlwm Reduces Holdings in Jacobs Solutions Inc. (NYSE:J)

Tlwm lessened its holdings in Jacobs Solutions Inc. (NYSE:J) by 1.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,972 shares of the company’s stock after selling 107 shares during the period. Tlwm’s holdings in Jacobs Solutions were worth $918,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Kestra Advisory Services LLC increased its position in Jacobs Solutions by 53.3% during the 3rd quarter. Kestra Advisory Services LLC now owns 3,201 shares of the company’s stock worth $437,000 after purchasing an additional 1,113 shares in the last quarter. FMR LLC boosted its holdings in shares of Jacobs Solutions by 1.9% during the third quarter. FMR LLC now owns 66,592 shares of the company’s stock worth $9,090,000 after purchasing an additional 1,241 shares during the last quarter. LPL Financial LLC grew its position in shares of Jacobs Solutions by 40.4% in the third quarter. LPL Financial LLC now owns 47,739 shares of the company’s stock valued at $6,516,000 after purchasing an additional 13,730 shares during the period. Federated Hermes Inc. increased its stake in Jacobs Solutions by 42.2% in the third quarter. Federated Hermes Inc. now owns 19,382 shares of the company’s stock valued at $2,646,000 after purchasing an additional 5,756 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its position in Jacobs Solutions by 5.5% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,669 shares of the company’s stock worth $364,000 after buying an additional 140 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Up 0.3 %

Shares of J traded up $0.38 during trading on Thursday, reaching $139.45. The company’s stock had a trading volume of 974,788 shares, compared to its average volume of 664,544. The company has a market cap of $17.46 billion, a price-to-earnings ratio of 26.92, a P/E/G ratio of 1.61 and a beta of 0.73. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average of $140.55 and a two-hundred day moving average of $140.36. Jacobs Solutions Inc. has a twelve month low of $115.57 and a twelve month high of $154.50.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.07. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the previous year, the firm earned $1.81 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts predict that Jacobs Solutions Inc. will post 7.98 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, May 24th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.16 annualized dividend and a dividend yield of 0.83%. Jacobs Solutions’s payout ratio is 22.39%.

Insider Buying and Selling

In other news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $139.43, for a total value of $976,010.00. Following the completion of the transaction, the insider now owns 541,138 shares in the company, valued at approximately $75,450,871.34. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $229,800.00. Following the completion of the sale, the chief financial officer now owns 233,104 shares in the company, valued at $35,711,532.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $139.43, for a total transaction of $976,010.00. Following the completion of the transaction, the insider now owns 541,138 shares in the company, valued at $75,450,871.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,000 shares of company stock worth $3,503,195. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Bank of America raised 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. William Blair downgraded Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Truist Financial dropped their target price on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th. Finally, StockNews.com cut Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.82.

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.