Duality Advisers LP Boosts Stake in Jacobs Solutions Inc. (NYSE:J)

Duality Advisers LP increased its holdings in Jacobs Solutions Inc. (NYSE:J) by 1,241.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,289 shares of the company’s stock after purchasing an additional 23,404 shares during the quarter. Duality Advisers LP’s holdings in Jacobs Solutions were worth $3,888,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Capital World Investors raised its holdings in shares of Jacobs Solutions by 0.8% during the 4th 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 period. Allspring Global Investments Holdings LLC increased its holdings in shares of Jacobs Solutions by 0.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,446,374 shares of the company’s stock worth $447,339,000 after buying an additional 14,821 shares during the last quarter. Boston Partners grew its position in Jacobs Solutions by 268.4% in the fourth quarter. Boston Partners now owns 2,891,429 shares of the company’s stock worth $375,623,000 after acquiring an additional 2,106,589 shares during the period. Ninety One UK Ltd increased 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 acquiring an additional 114,076 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Jacobs Solutions by 134.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,658,049 shares of the company’s stock worth $215,215,000 after purchasing an additional 951,369 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

J has been the topic of a number of recent research reports. Truist Financial cut their price objective on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Argus upped their price objective on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Bank of America upped their price objective on shares of Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. StockNews.com downgraded shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd. Finally, William Blair downgraded shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research note 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $156.82.

Insider Activity at Jacobs Solutions

In other news, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $145.31, for a total value 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 approximately $33,654,377.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Jacobs Solutions 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 owns 541,138 shares of the company’s stock, valued at $75,450,871.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $145.31, for a total value of $217,965.00. Following the transaction, the chief financial officer now directly owns 231,604 shares of the company’s stock, valued at $33,654,377.24. The disclosure for this sale can be found here. Insiders sold a total of 22,500 shares of company stock valued at $3,180,575 over the last three months. 1.00% of the stock is owned by insiders.

Jacobs Solutions Trading Up 2.3 %

Shares of J traded up $3.25 during mid-day trading on Friday, hitting $144.36. The company had a trading volume of 295,095 shares, compared to its average volume of 657,498. Jacobs Solutions Inc. has a 1-year low of $120.71 and a 1-year high of $154.50. The business’s 50-day simple moving average is $139.27 and its 200-day simple moving average is $141.08. The stock has a market cap of $18.08 billion, a PE ratio of 27.24, a P/E/G ratio of 1.60 and a beta of 0.70. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $1.91 EPS 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 firm had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter last year, the firm posted $1.81 earnings per share. Jacobs Solutions’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts forecast that Jacobs Solutions Inc. will post 7.98 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company 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 0.80%. Jacobs Solutions’s dividend payout ratio (DPR) 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.