14,643 Shares in Jacobs Solutions Inc. (NYSE:J) Acquired by Retireful LLC

Retireful LLC purchased a new stake in Jacobs Solutions Inc. (NYSE:J) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,643 shares of the company’s stock, valued at approximately $2,046,000.

Several other hedge funds also recently added to or reduced their stakes in J. Interchange Capital Partners LLC acquired a new stake in shares of Jacobs Solutions during the second quarter worth $300,000. Dover Advisors LLC increased its position in shares of Jacobs Solutions by 19.3% in the second quarter. Dover Advisors LLC now owns 8,927 shares of the company’s stock valued at $1,247,000 after buying an additional 1,442 shares in the last quarter. Advisors Management Group Inc. ADV increased its position in shares of Jacobs Solutions by 1.5% in the second quarter. Advisors Management Group Inc. ADV now owns 7,053 shares of the company’s stock valued at $985,000 after buying an additional 101 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Jacobs Solutions by 63.5% in the second quarter. Van ECK Associates Corp now owns 36,348 shares of the company’s stock valued at $5,078,000 after buying an additional 14,116 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Jacobs Solutions by 14.0% in the second quarter. Commonwealth Equity Services LLC now owns 76,962 shares of the company’s stock valued at $10,752,000 after buying an additional 9,432 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Performance

Shares of NYSE:J traded up $0.88 during trading on Friday, hitting $150.88. 830,758 shares of the stock were exchanged, compared to its average volume of 684,097. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $18.75 billion, a price-to-earnings ratio of 29.13, a price-to-earnings-growth ratio of 1.73 and a beta of 0.70. Jacobs Solutions Inc. has a 1-year low of $120.71 and a 1-year high of $154.50. The company’s fifty day simple moving average is $144.28 and its 200-day simple moving average is $144.23.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.96. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.82 EPS. Sell-side analysts expect that Jacobs Solutions Inc. will post 7.97 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, July 26th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.77%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. William Blair lowered Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Robert W. Baird reduced their price objective on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. StockNews.com lowered Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 15th. Royal Bank of Canada lifted their price objective on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Truist Financial reissued a “hold” rating and set a $158.00 price target (up from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $160.40.

Insider Buying and Selling

In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the transaction, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at $3,911,670.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $146.88, for a total value of $1,028,160.00. Following the sale, the insider now directly owns 527,138 shares in the company, valued at $77,426,029.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP William B. Allen, Jr. sold 1,451 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the sale, the senior vice president now owns 26,699 shares in the company, valued at $3,911,670.49. The disclosure for this sale can be found here. Insiders sold a total of 22,451 shares of company stock valued at $3,196,336 over the last three months. Company insiders own 1.00% of the company’s stock.

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.