Lecap Asset Management Ltd. Takes Position in Jacobs Solutions Inc. (NYSE:J)

Lecap Asset Management Ltd. purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,734 shares of the company’s stock, valued at approximately $1,639,000.

Several other institutional investors have also bought and sold shares of J. GAMMA Investing LLC bought a new stake in shares of Jacobs Solutions during the 4th quarter valued at $27,000. Bruce G. Allen Investments LLC boosted its holdings in Jacobs Solutions by 427.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after acquiring an additional 171 shares during the period. ICA Group Wealth Management LLC purchased a new stake in Jacobs Solutions in the 4th quarter worth approximately $30,000. Union Savings Bank lifted its holdings in Jacobs Solutions by 78.1% in the 4th quarter. Union Savings Bank now owns 285 shares of the company’s stock worth $37,000 after buying an additional 125 shares during the period. Finally, Northwest Financial Advisors purchased a new stake in Jacobs Solutions in the 4th quarter worth approximately $39,000. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of NYSE J traded up $0.98 during mid-day trading on Wednesday, hitting $148.44. The stock had a trading volume of 426,315 shares, compared to its average volume of 669,228. The company has a 50 day moving average of $142.97 and a two-hundred day moving average of $143.88. The firm has a market cap of $18.59 billion, a PE ratio of 28.66, a PEG ratio of 1.67 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 twelve month low of $120.71 and a twelve month high of $154.50.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.96. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same period in the prior year, the company posted $1.82 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Research analysts predict that Jacobs Solutions Inc. will post 7.98 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently declared 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. This represents a $1.16 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Friday, July 26th. Jacobs Solutions’s dividend payout ratio is presently 22.39%.

Insider Activity at Jacobs Solutions

In related news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $139.43, for a total value of $976,010.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available at this link. In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $146.51, for a total value of $212,586.01. Following the sale, the senior vice president now owns 26,699 shares of the company’s stock, valued at $3,911,670.49. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $139.43, for a total value of $976,010.00. Following the completion of 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 three months, insiders have sold 22,451 shares of company stock valued at $3,196,336. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. StockNews.com cut Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 15th. UBS Group increased their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. William Blair cut Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Robert W. Baird lowered their target price on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, Truist Financial reaffirmed a “hold” rating and set a $158.00 price objective (up previously from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $160.40.

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.