Jacobs Solutions Inc. (NYSE:J) Director Christopher M.T. Thompson Sells 1,898 Shares

Jacobs Solutions Inc. (NYSE:J) Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the completion of the sale, the director now owns 42,069 shares in the company, valued at $6,346,108.65. The transaction was disclosed in a filing with the SEC, which is available through this link.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $143.94 on Friday. The company’s fifty day moving average is $144.85 and its 200 day moving average is $144.27. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. Jacobs Solutions Inc. has a 52 week low of $120.71 and a 52 week high of $154.50. The stock has a market cap of $18.02 billion, a PE ratio of 27.79, a PEG ratio of 1.73 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.96. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.39 billion. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business earned $1.82 earnings per share. Research analysts anticipate that Jacobs Solutions Inc. will post 7.97 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, July 26th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.81%. Jacobs Solutions’s dividend payout ratio is currently 22.39%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Tlwm lifted its holdings in Jacobs Solutions by 1.2% in the 2nd quarter. Tlwm now owns 6,046 shares of the company’s stock worth $845,000 after buying an additional 74 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in Jacobs Solutions by 7.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,021 shares of the company’s stock worth $133,000 after acquiring an additional 75 shares during the period. Hudson Edge Investment Partners Inc. boosted its holdings in Jacobs Solutions by 1.4% in the second quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock valued at $834,000 after acquiring an additional 82 shares in the last quarter. American National Bank increased its position in Jacobs Solutions by 1.4% during the 2nd quarter. American National Bank now owns 6,488 shares of the company’s stock valued at $906,000 after purchasing an additional 88 shares during the period. Finally, Global Financial Private Client LLC raised its holdings in Jacobs Solutions by 2.6% in the 2nd quarter. Global Financial Private Client LLC now owns 3,944 shares of the company’s stock worth $551,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on J shares. UBS Group increased their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Truist Financial reaffirmed a “hold” rating and issued a $158.00 price target (up previously from $153.00) on shares of Jacobs Solutions in a report on Wednesday, August 7th. Robert W. Baird decreased their price objective on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. StockNews.com lowered shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 15th. Finally, Royal Bank of Canada boosted their price target on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $160.40.

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.