SVB Wealth LLC Takes Position in Jacobs Solutions Inc. (NYSE:J)

SVB Wealth LLC purchased a new stake in Jacobs Solutions Inc. (NYSE:J) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,617 shares of the company’s stock, valued at approximately $210,000.

Other hedge funds have also modified their holdings of the company. First Pacific Financial acquired a new stake in shares of Jacobs Solutions in the 4th quarter valued at approximately $27,000. Park Place Capital Corp raised its position in shares of Jacobs Solutions by 473.9% in the 3rd quarter. Park Place Capital Corp now owns 264 shares of the company’s stock valued at $36,000 after acquiring an additional 218 shares during the period. Tennessee Valley Asset Management Partners acquired a new stake in shares of Jacobs Solutions in the 4th quarter valued at approximately $59,000. Global Wealth Strategies & Associates acquired a new stake in shares of Jacobs Solutions in the 3rd quarter valued at approximately $63,000. Finally, Private Trust Co. NA raised its position in shares of Jacobs Solutions by 17.8% in the 4th quarter. Private Trust Co. NA now owns 575 shares of the company’s stock valued at $75,000 after acquiring an additional 87 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Price Performance

NYSE:J opened at $144.65 on Wednesday. Jacobs Solutions Inc. has a 1-year low of $109.00 and a 1-year high of $154.50. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $147.62 and a 200 day simple moving average of $137.78. The stock has a market capitalization of $18.18 billion, a PE ratio of 25.83, a P/E/G ratio of 1.52 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.46. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same period last year, the business earned $1.67 earnings per share. The firm’s revenue was up 10.6% on a year-over-year basis. On average, 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. Investors of record on Friday, February 23rd were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a dividend yield of 0.80%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 20.71%.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions 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 transaction of $229,800.00. Following the completion of the transaction, the chief financial officer now directly owns 233,104 shares of the company’s stock, valued at $35,711,532.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 1,852 shares of Jacobs Solutions stock in a transaction on Friday, February 16th. The shares were sold at an average price of $148.00, for a total transaction of $274,096.00. Following the completion of the transaction, the executive vice president now directly owns 28,791 shares of the company’s stock, valued at $4,261,068. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $229,800.00. Following the transaction, the chief financial officer now directly owns 233,104 shares of the company’s stock, valued at $35,711,532.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,838 shares of company stock valued at $2,393,710. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

J has been the topic of several research analyst reports. KeyCorp initiated coverage on shares of Jacobs Solutions in a report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Bank of America raised their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Royal Bank of Canada raised their target price on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Citigroup raised their target price on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a report on Monday. Finally, Truist Financial initiated coverage on shares of Jacobs Solutions in a report on Thursday, March 14th. They set a “hold” rating and a $154.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $155.25.

Jacobs Solutions 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.