MainStreet Investment Advisors LLC Purchases 376 Shares of Jacobs Solutions Inc. (NYSE:J)

MainStreet Investment Advisors LLC lifted its position in Jacobs Solutions Inc. (NYSE:J) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,885 shares of the company’s stock after buying an additional 376 shares during the period. MainStreet Investment Advisors LLC’s holdings in Jacobs Solutions were worth $3,197,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in J. Victory Capital Management Inc. increased its holdings in shares of Jacobs Solutions by 14.5% in the fourth quarter. Victory Capital Management Inc. now owns 67,905 shares of the company’s stock worth $8,814,000 after acquiring an additional 8,611 shares in the last quarter. Fisher Asset Management LLC bought a new position in Jacobs Solutions in the fourth quarter valued at approximately $223,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Jacobs Solutions by 7.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,021 shares of the company’s stock valued at $133,000 after buying an additional 75 shares during the period. National Bank of Canada FI increased its position in shares of Jacobs Solutions by 0.4% during the fourth quarter. National Bank of Canada FI now owns 27,539 shares of the company’s stock worth $3,525,000 after acquiring an additional 120 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Jacobs Solutions by 7.9% during the fourth quarter. Private Advisor Group LLC now owns 11,488 shares of the company’s stock worth $1,491,000 after acquiring an additional 838 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insider Activity at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.94, for a total transaction of $979,580.00. Following the transaction, the insider now owns 534,138 shares in the company, valued at $74,747,271.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the sale, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.94, for a total transaction of $979,580.00. Following the transaction, the insider now directly owns 534,138 shares in the company, valued at $74,747,271.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,516 shares of company stock worth $3,132,273. Insiders own 1.00% of the company’s stock.

Jacobs Solutions Price Performance

NYSE:J opened at $141.91 on Friday. Jacobs Solutions Inc. has a 12-month low of $120.71 and a 12-month high of $154.50. The firm has a market capitalization of $17.77 billion, a price-to-earnings ratio of 27.40, a P/E/G ratio of 1.73 and a beta of 0.72. The stock’s 50 day moving average price is $144.89 and its two-hundred day moving average price is $144.22. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.96. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same quarter in the prior year, the business earned $1.82 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts anticipate that Jacobs Solutions Inc. will post 7.97 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, July 26th were paid a $0.29 dividend. The ex-dividend date was Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a yield of 0.82%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 22.39%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on J. UBS Group boosted their price target on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Truist Financial reaffirmed a “hold” rating and set a $158.00 price target (up previously from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. Royal Bank of Canada lifted their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. StockNews.com cut shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 15th. Finally, Robert W. Baird lowered their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $160.40.

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.