Investment Partners LTD. Takes Position in Jacobs Solutions Inc. (NYSE:J)

Investment Partners LTD. purchased a new stake in Jacobs Solutions Inc. (NYSE:J) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,771 shares of the company’s stock, valued at approximately $272,000.

A number of other hedge funds have also recently bought and sold shares of the company. Capital World Investors boosted its position in Jacobs Solutions by 0.8% during the fourth quarter. Capital World Investors now owns 6,398,776 shares of the company’s stock worth $830,561,000 after acquiring an additional 49,545 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Jacobs Solutions by 0.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,446,374 shares of the company’s stock worth $447,339,000 after purchasing an additional 14,821 shares during the period. Boston Partners raised its stake in Jacobs Solutions by 268.4% during the fourth quarter. Boston Partners now owns 2,891,429 shares of the company’s stock worth $375,623,000 after purchasing an additional 2,106,589 shares during the period. Ninety One UK Ltd raised its stake in Jacobs Solutions by 5.9% during the fourth quarter. Ninety One UK Ltd now owns 2,044,031 shares of the company’s stock worth $265,315,000 after purchasing an additional 114,076 shares during the period. Finally, Third Point LLC raised its stake in Jacobs Solutions by 32.8% during the third quarter. Third Point LLC now owns 1,800,000 shares of the company’s stock worth $245,700,000 after purchasing an additional 445,018 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insider Activity

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $139.43, for a total transaction of $976,010.00. Following the completion of the sale, the insider now directly owns 541,138 shares of the company’s stock, valued at approximately $75,450,871.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Kevin C. Berryman sold 1,500 shares of the business’s 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 transaction, the chief financial officer now owns 233,104 shares of the company’s stock, valued at approximately $35,711,532.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $139.43, for a total value of $976,010.00. Following the sale, the insider now directly owns 541,138 shares in the company, valued at approximately $75,450,871.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,000 shares of company stock valued at $3,503,195. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

J has been the topic of a number of research reports. Robert W. Baird cut their target price on shares of Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Truist Financial cut their target price on shares of Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. StockNews.com downgraded shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd. William Blair downgraded shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Finally, Citigroup lifted their price target on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $156.82.

Jacobs Solutions Stock Performance

J traded up $1.21 on Friday, hitting $140.66. The company had a trading volume of 131,699 shares, compared to its average volume of 660,971. Jacobs Solutions Inc. has a 1-year low of $116.00 and a 1-year high of $154.50. 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’s fifty day moving average price is $140.55 and its 200 day moving average price is $140.36. The stock has a market cap of $17.61 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 1.60 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, May 7th. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.07. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The business had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same period in the previous year, the business earned $1.81 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. Equities analysts predict that Jacobs Solutions Inc. will post 7.98 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, May 24th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, May 23rd. Jacobs Solutions’s dividend payout ratio is 22.39%.

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.