Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,383 Shares of Jacobs Solutions Inc. (NYSE:J)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 1.6% in the fourth quarter, Holdings Channel reports. The firm owned 89,331 shares of the company’s stock after acquiring an additional 1,383 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Jacobs Solutions were worth $11,595,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Mirabella Financial Services LLP acquired a new position in shares of Jacobs Solutions during the third quarter worth approximately $202,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in shares of Jacobs Solutions in the fourth quarter valued at $5,192,000. Wellington Management Group LLP raised its stake in shares of Jacobs Solutions by 62.7% in the third quarter. Wellington Management Group LLP now owns 61,010 shares of the company’s stock valued at $8,328,000 after purchasing an additional 23,509 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Jacobs Solutions by 9.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 691,955 shares of the company’s stock valued at $94,452,000 after purchasing an additional 62,259 shares in the last quarter. Finally, Raymond James & Associates raised its stake in shares of Jacobs Solutions by 14.7% in the third quarter. Raymond James & Associates now owns 80,498 shares of the company’s stock valued at $10,988,000 after purchasing an additional 10,296 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $143.83 on Friday. The business’s 50-day simple moving average is $147.62 and its 200 day simple moving average is $137.61. The stock has a market cap of $18.07 billion, a price-to-earnings ratio of 25.68, a P/E/G ratio of 1.52 and a beta of 0.73. Jacobs Solutions Inc. has a 12-month low of $109.00 and a 12-month high of $154.50. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42.

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, 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 firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter last year, the business earned $1.67 earnings per share. The company’s revenue was up 10.6% compared to the same quarter last year. As a group, research analysts anticipate that Jacobs Solutions Inc. will post 8.07 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.16 dividend on an annualized basis and a yield of 0.81%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.26. Jacobs Solutions’s dividend payout ratio (DPR) is 20.71%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, EVP Shelette M. Gustafson sold 1,852 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $148.00, for a total transaction of $274,096.00. Following the sale, the executive vice president now owns 28,791 shares of the company’s stock, valued at $4,261,068. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Shelette M. Gustafson sold 1,852 shares of Jacobs Solutions stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $148.00, for a total value of $274,096.00. Following the sale, the executive vice president now owns 28,791 shares of the company’s stock, valued at approximately $4,261,068. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction that occurred 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 directly owns 233,104 shares in the company, valued at approximately $35,711,532.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,838 shares of company stock worth $2,393,710. Insiders own 1.00% of the company’s stock.

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.