Daiwa Securities Group Inc. Boosts Position in Jacobs Solutions Inc. (NYSE:J)

Daiwa Securities Group Inc. lifted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 14.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,390 shares of the company’s stock after acquiring an additional 4,440 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Jacobs Solutions were worth $4,633,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners boosted its position in Jacobs Solutions by 27.9% during the 1st quarter. Boston Partners now owns 3,697,086 shares of the company’s stock valued at $567,436,000 after acquiring an additional 805,657 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Jacobs Solutions by 5,170.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock valued at $58,550,000 after purchasing an additional 411,123 shares during the period. Sessa Capital IM L.P. bought a new stake in shares of Jacobs Solutions during the third quarter valued at approximately $46,168,000. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Jacobs Solutions by 6.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock worth $464,736,000 after purchasing an additional 192,166 shares during the period. Finally, Westwood Holdings Group Inc. raised its holdings in Jacobs Solutions by 7,306.2% in the first quarter. Westwood Holdings Group Inc. now owns 138,051 shares of the company’s stock worth $21,223,000 after purchasing an additional 136,187 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 4,167 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.14, for a total value of $625,633.38. Following the completion of the sale, the executive vice president now owns 24,564 shares in the company, valued at $3,688,038.96. This represents a 14.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the transaction, the director now directly owns 42,069 shares in the company, valued at approximately $6,346,108.65. The trade was a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

J has been the topic of a number of research reports. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a report on Friday, October 4th. Citigroup dropped their price objective on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Truist Financial decreased their target price on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. UBS Group boosted their price target on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Finally, StockNews.com initiated coverage on Jacobs Solutions in a research report on Tuesday. They set a “buy” rating for the company. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.50.

Jacobs Solutions Stock Performance

Shares of J opened at $140.69 on Wednesday. The company has a market cap of $17.48 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 2.07 and a beta of 0.71. The business’s fifty day simple moving average is $141.92 and its two-hundred day simple moving average is $142.32. Jacobs Solutions Inc. has a 12 month low of $101.64 and a 12 month high of $150.54. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.71). The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.90 EPS. Research analysts anticipate that Jacobs Solutions Inc. will post 6.07 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions’s payout ratio is currently 18.33%.

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.