Sheaff Brock Investment Advisors LLC Reduces Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Sheaff Brock Investment Advisors LLC decreased its position in Jacobs Solutions Inc. (NYSE:J) by 4.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 8,210 shares of the company’s stock after selling 350 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Jacobs Solutions were worth $1,262,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. First Pacific Financial purchased a new stake in shares of Jacobs Solutions during the fourth quarter worth $27,000. GAMMA Investing LLC purchased a new stake in shares of Jacobs Solutions during the fourth quarter worth $27,000. ICA Group Wealth Management LLC purchased a new stake in shares of Jacobs Solutions during the fourth quarter worth $30,000. Union Savings Bank lifted its position in shares of Jacobs Solutions by 78.1% during the fourth quarter. Union Savings Bank now owns 285 shares of the company’s stock worth $37,000 after acquiring an additional 125 shares in the last quarter. Finally, Northwest Financial Advisors purchased a new stake in shares of Jacobs Solutions during the fourth quarter worth $39,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

J traded up $0.59 during trading on Friday, reaching $145.98. The stock had a trading volume of 527,153 shares, compared to its average volume of 659,313. The stock has a market cap of $18.28 billion, a PE ratio of 28.51, a PEG ratio of 1.65 and a beta of 0.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17. Jacobs Solutions Inc. has a one year low of $120.71 and a one year high of $154.50. The business has a 50-day moving average of $140.61 and a 200-day moving average of $142.41.

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

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, July 26th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a yield of 0.79%. Jacobs Solutions’s dividend payout ratio is presently 22.39%.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $145.31, for a total transaction of $217,965.00. Following the completion of the sale, the chief financial officer now directly owns 231,604 shares in the company, valued at $33,654,377.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $145.31, for a total transaction of $217,965.00. Following the completion of the sale, the chief financial officer now directly owns 231,604 shares in the company, valued at $33,654,377.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $143.86, for a total transaction of $1,007,020.00. Following the sale, the insider now owns 548,138 shares of the company’s stock, valued at $78,855,132.68. The disclosure for this sale can be found here. Insiders have sold a total of 22,500 shares of company stock valued at $3,180,575 over the last 90 days. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on J shares. Robert W. Baird dropped their target price on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Citigroup increased their target price on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. 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 research report on Tuesday, April 2nd. StockNews.com downgraded Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 22nd. Finally, Truist Financial decreased 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. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $156.82.

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.