Royal London Asset Management Ltd. Sells 1,119 Shares of Jacobs Solutions Inc. (NYSE:J)

Royal London Asset Management Ltd. lessened its holdings in Jacobs Solutions Inc. (NYSE:J) by 2.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 55,562 shares of the company’s stock after selling 1,119 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Jacobs Solutions were worth $7,212,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Pacific Financial purchased a new stake in Jacobs Solutions during the 4th quarter valued at about $27,000. GAMMA Investing LLC bought a new position in shares of Jacobs Solutions in the fourth quarter worth approximately $27,000. Union Savings Bank grew its holdings in shares of Jacobs Solutions by 78.1% during the fourth quarter. Union Savings Bank now owns 285 shares of the company’s stock valued at $37,000 after buying an additional 125 shares during the last quarter. Northwest Financial Advisors bought a new stake in shares of Jacobs Solutions during the fourth quarter valued at approximately $39,000. Finally, Quarry LP raised its holdings in Jacobs Solutions by 108.9% in the 4th quarter. Quarry LP now owns 305 shares of the company’s stock worth $40,000 after acquiring an additional 159 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of NYSE:J traded down $0.99 during midday trading on Friday, hitting $138.20. The company had a trading volume of 703,115 shares, compared to its average volume of 616,974. The company has a market cap of $17.30 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 1.59 and a beta of 0.73. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. The company has a fifty day moving average of $141.23 and a two-hundred day moving average of $139.65. Jacobs Solutions Inc. has a 12-month low of $114.09 and a 12-month high of $154.50.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.07. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The business had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the prior year, the business posted $1.81 earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities research analysts expect that Jacobs Solutions Inc. will post 7.98 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 24th will be given a $0.29 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.84%. Jacobs Solutions’s payout ratio is currently 22.39%.

Insider Transactions at Jacobs Solutions

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 transaction of $229,800.00. Following the transaction, the chief financial officer now owns 233,104 shares in the company, valued at approximately $35,711,532.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $229,800.00. Following the completion of the sale, the chief financial officer now owns 233,104 shares in the company, valued at $35,711,532.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $143.86, for a total value of $1,007,020.00. Following the sale, the insider now directly owns 548,138 shares in the company, valued at approximately $78,855,132.68. The disclosure for this sale can be found here. Insiders sold a total of 24,000 shares of company stock valued at $3,503,195 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

J has been the topic of several recent analyst reports. William Blair downgraded Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Robert W. Baird reduced their price objective on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Bank of America boosted their target price on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Truist Financial dropped their price target on shares of Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th. Finally, Argus increased their price objective on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.82.

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.