Crestwood Advisors Group LLC Raises Stock Position in Jacobs Solutions Inc. (NYSE:J)

Crestwood Advisors Group LLC lifted its position in Jacobs Solutions Inc. (NYSE:J) by 0.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,071 shares of the company’s stock after purchasing an additional 224 shares during the period. Crestwood Advisors Group LLC owned 0.06% of Jacobs Solutions worth $10,481,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of J. Boston Partners lifted its holdings in Jacobs Solutions by 27.9% during the first quarter. Boston Partners now owns 3,697,086 shares of the company’s stock worth $567,436,000 after buying an additional 805,657 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Jacobs Solutions by 5,170.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock worth $58,550,000 after purchasing an additional 411,123 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Jacobs Solutions by 6.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock valued at $464,736,000 after purchasing an additional 192,166 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Jacobs Solutions by 305.4% in the first quarter. Russell Investments Group Ltd. now owns 182,135 shares of the company’s stock valued at $27,910,000 after purchasing an additional 137,213 shares during the last quarter. Finally, Westwood Holdings Group Inc. raised its holdings in Jacobs Solutions by 7,306.2% in the first quarter. Westwood Holdings Group Inc. now owns 138,051 shares of the company’s stock worth $21,223,000 after purchasing an additional 136,187 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. StockNews.com lowered Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Citigroup increased their price objective on shares of Jacobs Solutions from $138.60 to $166.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a research note on Friday, October 4th. Truist Financial lowered their price objective 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. Finally, Robert W. Baird reduced their target price on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Four investment 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.com, Jacobs Solutions presently has an average rating of “Moderate Buy” and an average target price of $159.30.

Jacobs Solutions Trading Up 0.4 %

Shares of NYSE:J traded up $0.62 during mid-day trading on Tuesday, reaching $140.46. 9,933 shares of the company were exchanged, compared to its average volume of 797,857. Jacobs Solutions Inc. has a 1 year low of $100.59 and a 1 year high of $144.56. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14. The firm’s 50-day simple moving average is $143.38 and its 200 day simple moving average is $142.57. The firm has a market cap of $17.45 billion, a price-to-earnings ratio of 27.64, a P/E/G ratio of 1.41 and a beta of 0.71.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.96. The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.82 EPS. Equities research analysts forecast that Jacobs Solutions Inc. will post 7.95 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.83%. Jacobs Solutions’s dividend payout ratio is presently 22.92%.

Insider Activity

In other news, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction on Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the transaction, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at $3,911,670.49. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, SVP William B. Allen, Jr. sold 1,451 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the sale, the senior vice president now owns 26,699 shares in the company, valued at $3,911,670.49. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher M.T. Thompson sold 1,898 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the transaction, the director now directly owns 42,069 shares in the company, valued at $6,346,108.65. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,516 shares of company stock worth $1,124,533. Corporate insiders own 1.00% of the company’s stock.

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.