Evermay Wealth Management LLC Sells 183 Shares of Jacobs Solutions Inc. (NYSE:J)

Evermay Wealth Management LLC decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 8.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,030 shares of the company’s stock after selling 183 shares during the quarter. Evermay Wealth Management LLC’s holdings in Jacobs Solutions were worth $312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC bought a new position in shares of Jacobs Solutions in the fourth quarter valued at approximately $27,000. First Pacific Financial bought a new position in Jacobs Solutions in the 4th quarter valued at $27,000. ICA Group Wealth Management LLC purchased a new position in shares of Jacobs Solutions during the 4th quarter valued at $30,000. Union Savings Bank increased its holdings in shares of Jacobs Solutions by 78.1% in the fourth quarter. Union Savings Bank now owns 285 shares of the company’s stock worth $37,000 after purchasing an additional 125 shares during the period. Finally, Northwest Financial Advisors purchased a new stake in shares of Jacobs Solutions in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Up 1.9 %

J traded up $2.74 on Thursday, hitting $145.67. The company had a trading volume of 700,653 shares, compared to its average volume of 660,244. Jacobs Solutions Inc. has a 52-week low of $120.71 and a 52-week high of $154.50. The stock has a fifty day simple moving average of $140.61 and a 200-day simple moving average of $142.41. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $18.24 billion, a P/E ratio of 28.12, a P/E/G ratio of 1.74 and a beta of 0.70.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.84 by $0.07. The business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.33 billion. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.81 earnings per share. As a group, equities analysts expect that Jacobs Solutions Inc. will post 7.98 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, July 26th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.80%. Jacobs Solutions’s dividend payout ratio is currently 22.39%.

Insider Activity

In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $145.31, for a total value of $217,965.00. Following the completion of the transaction, the chief financial officer now directly owns 231,604 shares of the company’s stock, valued at $33,654,377.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $139.43, for a total transaction of $976,010.00. Following the sale, the insider now directly owns 541,138 shares of the company’s stock, valued at $75,450,871.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $145.31, for a total value of $217,965.00. Following the completion of the transaction, the chief financial officer now directly owns 231,604 shares of the company’s stock, valued at approximately $33,654,377.24. The disclosure for this sale can be found here. Insiders sold 22,500 shares of company stock worth $3,180,575 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on J. William Blair cut shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Bank of America lifted their price objective 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. Robert W. Baird reduced their target price on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. StockNews.com lowered Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd. Finally, Truist Financial reduced their price objective on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.82.

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.