Telos Capital Management Inc. Boosts Stock Position in Jacobs Solutions Inc. (NYSE:J)

Telos Capital Management Inc. grew its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 1.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 88,295 shares of the company’s stock after acquiring an additional 1,385 shares during the quarter. Jacobs Solutions accounts for approximately 1.2% of Telos Capital Management Inc.’s investment portfolio, making the stock its 23rd biggest holding. Telos Capital Management Inc.’s holdings in Jacobs Solutions were worth $11,558,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in J. Northwest Investment Counselors LLC bought a new position in Jacobs Solutions during the third quarter valued at about $69,000. Toth Financial Advisory Corp boosted its stake in Jacobs Solutions by 4.6% in the third quarter. Toth Financial Advisory Corp now owns 49,068 shares of the company’s stock valued at $6,423,000 after acquiring an additional 2,165 shares during the last quarter. Vest Financial LLC grew its position in shares of Jacobs Solutions by 28.5% during the 3rd quarter. Vest Financial LLC now owns 10,115 shares of the company’s stock valued at $1,324,000 after acquiring an additional 2,244 shares during the period. Everett Harris & Co. CA increased its stake in shares of Jacobs Solutions by 8.0% during the 3rd quarter. Everett Harris & Co. CA now owns 101,993 shares of the company’s stock worth $13,351,000 after purchasing an additional 7,527 shares during the last quarter. Finally, Cahaba Wealth Management Inc. raised its holdings in shares of Jacobs Solutions by 445.7% in the 3rd quarter. Cahaba Wealth Management Inc. now owns 13,643 shares of the company’s stock worth $1,786,000 after purchasing an additional 11,143 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction of $212,586.01. Following the completion of the sale, the senior vice president now directly owns 26,699 shares in the company, valued at $3,911,670.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, SVP William B. Allen, Jr. sold 1,451 shares of the stock in a transaction 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 transaction, the senior vice president now owns 26,699 shares of the company’s stock, valued at $3,911,670.49. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the sale, the director now directly owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,516 shares of company stock valued at $2,152,693 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions Price Performance

J stock opened at $143.52 on Tuesday. The firm has a 50 day moving average of $144.64 and a 200-day moving average of $142.86. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $17.97 billion, a P/E ratio of 27.71, a price-to-earnings-growth ratio of 1.39 and a beta of 0.72. Jacobs Solutions Inc. has a 12 month low of $100.59 and a 12 month high of $144.56.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, meeting analysts’ consensus estimates of $1.96. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.39 billion. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.82 EPS. As a group, sell-side analysts predict that Jacobs Solutions Inc. will post 7.95 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 0.81%. Jacobs Solutions’s dividend payout ratio is currently 22.39%.

Analyst Ratings Changes

Several brokerages have weighed in on J. Robert W. Baird reduced their price objective on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. UBS Group increased their price target on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a research note on Friday, October 4th. StockNews.com started coverage on shares of Jacobs Solutions in a research report on Wednesday, October 2nd. They set a “buy” rating for the company. Finally, Truist Financial reduced their target price on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.60.

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.