Jacobs Solutions Inc. (NYSE:J) Position Increased by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC increased its stake in Jacobs Solutions Inc. (NYSE:J) by 9.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,237 shares of the company’s stock after purchasing an additional 626 shares during the period. Schechter Investment Advisors LLC’s holdings in Jacobs Solutions were worth $939,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in J. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Jacobs Solutions in the 1st quarter worth approximately $125,000. Panagora Asset Management Inc. increased its position in Jacobs Solutions by 22.6% in the 1st quarter. Panagora Asset Management Inc. now owns 3,472 shares of the company’s stock valued at $478,000 after acquiring an additional 641 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Jacobs Solutions by 5.7% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,290 shares of the company’s stock valued at $2,383,000 after acquiring an additional 933 shares during the period. Cibc World Market Inc. increased its position in Jacobs Solutions by 4.8% in the 1st quarter. Cibc World Market Inc. now owns 14,801 shares of the company’s stock valued at $2,040,000 after acquiring an additional 680 shares during the period. Finally, Vontobel Holding Ltd. increased its position in Jacobs Solutions by 5.6% in the 1st quarter. Vontobel Holding Ltd. now owns 8,445 shares of the company’s stock valued at $1,179,000 after acquiring an additional 448 shares during the period. Institutional investors own 85.65% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Patrick Hill sold 5,486 shares of Jacobs Solutions stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $149.00, for a total value of $817,414.00. Following the transaction, the executive vice president now directly owns 57,233 shares in the company, valued at $8,527,717. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Shelette M. Gustafson sold 1,852 shares of Jacobs Solutions stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $148.00, for a total value of $274,096.00. Following the transaction, the executive vice president now directly owns 28,791 shares in the company, valued at $4,261,068. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Patrick Hill sold 5,486 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $149.00, for a total value of $817,414.00. Following the transaction, the executive vice president now owns 57,233 shares in the company, valued at $8,527,717. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Jacobs Solutions Price Performance

J opened at $152.90 on Thursday. Jacobs Solutions Inc. has a 1 year low of $109.00 and a 1 year high of $153.01. The stock has a fifty day moving average price of $143.80 and a 200 day moving average price of $135.84. The stock has a market cap of $19.21 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 1.59 and a beta of 0.73. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The company had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter in the previous year, the firm earned $1.67 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. Analysts forecast that Jacobs Solutions Inc. will post 8.06 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were given a $0.29 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.76%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.26. Jacobs Solutions’s payout ratio is currently 20.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on J shares. Argus lifted their price target on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Royal Bank of Canada raised their target price on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. KeyCorp began coverage on Jacobs Solutions in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Finally, Truist Financial began coverage on Jacobs Solutions in a research report on Thursday, March 14th. They issued a “hold” rating and a $154.00 target price for the company. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $154.27.

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.