Granite Investment Partners LLC Has $12.16 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Granite Investment Partners LLC lessened its position in shares of Jacobs Solutions Inc. (NYSE:J – Get Rating) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,311 shares of the company’s stock after selling 7,883 shares during the quarter. Granite Investment Partners LLC owned about 0.08% of Jacobs Solutions worth $12,164,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Giverny Capital Inc. acquired a new position in Jacobs Solutions in the fourth quarter valued at about $494,000. Amalgamated Bank lifted its stake in Jacobs Solutions by 1.2% in the fourth quarter. Amalgamated Bank now owns 33,233 shares of the company’s stock valued at $3,990,000 after buying an additional 406 shares during the period. Bryn Mawr Capital Management LLC acquired a new position in Jacobs Solutions in the fourth quarter valued at about $5,965,000. SYSTM Wealth Solutions LLC acquired a new position in Jacobs Solutions in the fourth quarter valued at about $696,000. Finally, Schroder Investment Management Group acquired a new position in Jacobs Solutions in the fourth quarter valued at about $1,296,000. Institutional investors and hedge funds own 85.96% of the company’s stock.

Insider Transactions at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 6,666 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $115.20, for a total transaction of $767,923.20. Following the completion of the transaction, the insider now owns 601,290 shares of the company’s stock, valued at approximately $69,268,608. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 19,998 shares of company stock valued at $2,314,502. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on J shares. Credit Suisse Group lowered their price target on Jacobs Solutions from $161.00 to $155.00 in a report on Wednesday, February 8th. Royal Bank of Canada increased their price target on Jacobs Solutions from $150.00 to $151.00 and gave the stock an “outperform” rating in a report on Wednesday, February 8th. StockNews.com started coverage on Jacobs Solutions in a report on Thursday, May 18th. They issued a “buy” rating for the company. Finally, Sanford C. Bernstein lowered their price target on Jacobs Solutions from $165.00 to $150.00 in a report on Wednesday, May 10th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.00.

Jacobs Solutions Stock Performance

NYSE:J traded up $0.76 during mid-day trading on Friday, hitting $113.66. 132,827 shares of the stock were exchanged, compared to its average volume of 625,783. The stock has a market capitalization of $14.42 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 1.54 and a beta of 0.84. The firm’s 50-day simple moving average is $114.94 and its 200 day simple moving average is $119.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.53 and a current ratio of 1.53. Jacobs Solutions Inc. has a fifty-two week low of $106.78 and a fifty-two week high of $140.90.

Jacobs Solutions (NYSE:J – Get Rating) last released its earnings results on Tuesday, May 9th. The company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.03. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4 billion. Jacobs Solutions had a return on equity of 14.78% and a net margin of 4.96%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.72 EPS. As a group, equities analysts anticipate that Jacobs Solutions Inc. will post 7.37 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, May 26th will be issued a dividend of $0.26 per share. The ex-dividend date is Thursday, May 25th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.92%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 17.25%.

Jacobs Solutions Profile

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Jacobs Solutions, Inc is a holding company, which engages in the designing and deployment of technology-centric solutions. It operates through the following business segments: Critical Mission Solutions, People and Places Solutions, and PA Consulting. The Critical Mission Solutions segment offer broad sectors, including U.S.