Bokf Na Lowers Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Bokf Na reduced its stake in Jacobs Solutions Inc. (NYSE:J) by 38.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,782 shares of the company’s stock after selling 9,284 shares during the quarter. Bokf Na’s holdings in Jacobs Solutions were worth $2,235,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of J. Raymond James & Associates grew its stake in shares of Jacobs Solutions by 21.0% in the 4th quarter. Raymond James & Associates now owns 97,436 shares of the company’s stock valued at $12,647,000 after purchasing an additional 16,938 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Jacobs Solutions by 3.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 40,132 shares of the company’s stock worth $5,209,000 after acquiring an additional 1,224 shares during the period. Pacer Advisors Inc. grew its holdings in Jacobs Solutions by 13.4% during the fourth quarter. Pacer Advisors Inc. now owns 9,344 shares of the company’s stock worth $1,213,000 after acquiring an additional 1,104 shares during the period. State of Alaska Department of Revenue grew its holdings in Jacobs Solutions by 15.5% during the fourth quarter. State of Alaska Department of Revenue now owns 17,277 shares of the company’s stock worth $2,242,000 after acquiring an additional 2,315 shares during the period. Finally, PFG Private Wealth Management LLC grew its holdings in Jacobs Solutions by 300.7% during the fourth quarter. PFG Private Wealth Management LLC now owns 1,074 shares of the company’s stock worth $139,000 after acquiring an additional 806 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Trading Up 0.4 %

NYSE J traded up $0.59 during trading hours on Friday, hitting $145.98. 527,153 shares of the company’s stock were exchanged, compared to its average volume of 596,347. The business’s 50 day moving average is $140.80 and its 200-day moving average is $142.61. Jacobs Solutions Inc. has a 12-month low of $120.71 and a 12-month high of $154.50. The firm has a market capitalization of $18.28 billion, a P/E ratio of 28.18, a price-to-earnings-growth ratio of 1.68 and a beta of 0.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, May 7th. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.07. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the prior year, the business posted $1.81 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, analysts anticipate that Jacobs Solutions Inc. will post 7.98 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, July 26th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, July 26th. This represents a $1.16 annualized dividend and a yield of 0.79%. Jacobs Solutions’s dividend payout ratio is presently 22.39%.

Insiders Place Their Bets

In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $145.31, for a total transaction of $217,965.00. Following the completion of the sale, the chief financial officer now directly owns 231,604 shares in the company, valued at $33,654,377.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the company’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 sale, the insider now directly owns 541,138 shares in the company, valued at $75,450,871.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin C. Berryman sold 1,500 shares of the 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 sale, the chief financial officer now 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 owned by insiders.

Analysts Set New Price Targets

J has been the topic of a number of recent analyst reports. StockNews.com lowered Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd. Truist Financial dropped their price objective on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th. William Blair lowered Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Citigroup boosted their target price on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, Bank of America boosted their target price on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $156.82.

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.