Jacobs Solutions Inc. (NYSE:J) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its stake in Jacobs Solutions Inc. (NYSE:J) by 1.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 99,744 shares of the company’s stock after selling 1,047 shares during the quarter. Mackenzie Financial Corp owned approximately 0.08% of Jacobs Solutions worth $12,947,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of J. First Pacific Financial acquired a new stake in Jacobs Solutions in the 4th quarter valued at approximately $27,000. Clear Street Markets LLC grew its stake in shares of Jacobs Solutions by 93.8% in the first quarter. Clear Street Markets LLC now owns 250 shares of the company’s stock worth $29,000 after purchasing an additional 121 shares in the last quarter. Park Place Capital Corp lifted its holdings in Jacobs Solutions by 473.9% in the third quarter. Park Place Capital Corp now owns 264 shares of the company’s stock worth $36,000 after purchasing an additional 218 shares during the period. Money Concepts Capital Corp bought a new position in Jacobs Solutions in the 4th quarter valued at about $46,000. Finally, Quarry LP raised its holdings in Jacobs Solutions by 78.9% during the first quarter. Quarry LP now owns 442 shares of the company’s stock worth $52,000 after purchasing an additional 195 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insider Activity

In related news, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $229,800.00. Following the transaction, the chief financial officer now owns 233,104 shares in the company, valued at $35,711,532.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the completion of the sale, the chief financial officer now owns 233,104 shares of the company’s stock, valued at approximately $35,711,532.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Patrick Hill sold 5,486 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $149.00, for a total transaction 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 disclosure for this sale can be found here. Insiders sold a total of 15,838 shares of company stock worth $2,393,710 in the last three months. 1.00% of the stock is owned by insiders.

Jacobs Solutions Stock Performance

Shares of J opened at $143.83 on Friday. The company has a market capitalization of $18.07 billion, a PE ratio of 25.68, a PEG ratio of 1.52 and a beta of 0.73. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. The company’s 50 day moving average price is $147.62 and its 200 day moving average price is $137.61. Jacobs Solutions Inc. has a 52 week low of $109.00 and a 52 week high of $154.50.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.46. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The company had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same quarter last year, the business posted $1.67 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Research analysts expect that Jacobs Solutions Inc. will post 8.07 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were given a $0.29 dividend. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a yield of 0.81%. The ex-dividend date was Thursday, February 22nd. Jacobs Solutions’s dividend payout ratio is presently 20.71%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Argus boosted their price objective on Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Royal Bank of Canada raised their price objective on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Bank of America increased their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Truist Financial began coverage on Jacobs Solutions in a report on Thursday, March 14th. They issued a “hold” rating and a $154.00 price target on the stock. Finally, KeyCorp assumed coverage on Jacobs Solutions in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Jacobs Solutions presently has an average rating of “Moderate Buy” and an average price target of $154.08.

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.