Jacobs Solutions Inc. (NYSE:J) Shares Bought by SRN Advisors LLC

SRN Advisors LLC raised its stake in Jacobs Solutions Inc. (NYSE:J) by 5.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,728 shares of the company’s stock after acquiring an additional 320 shares during the period. SRN Advisors LLC’s holdings in Jacobs Solutions were worth $1,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. raised 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 last quarter. Private Trust Co. NA raised its holdings in Jacobs Solutions by 17.8% during the fourth quarter. Private Trust Co. NA now owns 575 shares of the company’s stock worth $75,000 after purchasing an additional 87 shares in the last quarter. Souders Financial Advisors raised its holdings in Jacobs Solutions by 2.3% during the fourth quarter. Souders Financial Advisors now owns 4,351 shares of the company’s stock worth $565,000 after purchasing an additional 96 shares in the last quarter. Pinnacle Financial Partners Inc raised its holdings in Jacobs Solutions by 4.2% during the fourth quarter. Pinnacle Financial Partners Inc now owns 2,631 shares of the company’s stock worth $342,000 after purchasing an additional 105 shares in the last quarter. Finally, NBC Securities Inc. raised its holdings in Jacobs Solutions by 5.0% during the fourth quarter. NBC Securities Inc. now owns 2,512 shares of the company’s stock worth $326,000 after purchasing an additional 119 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

Shares of J stock traded down $2.52 during trading hours on Friday, hitting $142.24. The company’s stock had a trading volume of 595,391 shares, compared to its average volume of 601,598. The business has a fifty day moving average of $141.45 and a 200-day moving average of $143.04. The stock has a market cap of $17.81 billion, a price-to-earnings ratio of 27.46, a P/E/G ratio of 1.67 and a beta of 0.70. Jacobs Solutions Inc. has a twelve month low of $120.71 and a twelve month high of $154.50. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, May 7th. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business earned $1.81 earnings per share. Jacobs Solutions’s revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Jacobs Solutions Inc. will post 7.98 EPS for the current 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 given a dividend of $0.29 per share. 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 0.82%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 22.39%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. StockNews.com cut shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd. Robert W. Baird cut their price target on shares of Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Citigroup increased their price target on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. William Blair cut shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Finally, Truist Financial dropped their target price on shares of Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $156.82.

Insider Buying and Selling

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $139.43, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by company insiders.

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.