Y.D. More Investments Ltd Raises Position in Jacobs Solutions Inc. (NYSE:J)

Y.D. More Investments Ltd increased its stake in Jacobs Solutions Inc. (NYSE:J) by 3.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,360 shares of the company’s stock after buying an additional 561 shares during the quarter. Y.D. More Investments Ltd’s holdings in Jacobs Solutions were worth $2,146,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Private Advisor Group LLC grew its position in Jacobs Solutions by 7.9% in the fourth quarter. Private Advisor Group LLC now owns 11,488 shares of the company’s stock valued at $1,491,000 after acquiring an additional 838 shares in the last quarter. Principal Securities Inc. purchased a new position in shares of Jacobs Solutions in the fourth quarter valued at $117,000. NBC Securities Inc. grew its holdings in Jacobs Solutions by 5.0% during the 4th quarter. NBC Securities Inc. now owns 2,512 shares of the company’s stock valued at $326,000 after purchasing an additional 119 shares in the last quarter. Jump Financial LLC purchased a new stake in Jacobs Solutions during the 4th quarter worth $459,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Jacobs Solutions by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,089,158 shares of the company’s stock worth $141,375,000 after buying an additional 19,541 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Truist Financial restated a “hold” rating and set a $158.00 target price (up from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. StockNews.com downgraded Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 15th. UBS Group increased their target price on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Royal Bank of Canada lifted their price target on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, Robert W. Baird reduced their price objective 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 research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $160.40.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $141.94 on Thursday. The company has a market cap of $17.77 billion, a PE ratio of 27.40, a P/E/G ratio of 1.63 and a beta of 0.72. Jacobs Solutions Inc. has a fifty-two week low of $120.71 and a fifty-two week high of $154.50. The firm has a 50-day simple moving average of $145.19 and a 200 day simple moving average of $144.17. 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 earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, meeting the consensus estimate of $1.96. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.82 earnings per share. On average, sell-side analysts anticipate that Jacobs Solutions Inc. will post 7.97 EPS for the current year.

Jacobs Solutions Dividend Announcement

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

Insider Activity

In related news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $139.94, for a total value of $979,580.00. Following the sale, the insider now owns 534,138 shares of the company’s stock, valued at approximately $74,747,271.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related 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 value of $979,580.00. Following the completion of the transaction, the insider now directly owns 534,138 shares of the company’s stock, valued at approximately $74,747,271.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction on Thursday, August 29th. The shares were 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 in the company, valued at approximately $6,346,108.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,516 shares of company stock valued at $3,132,273. 1.00% of the stock is currently owned by company insiders.

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.