Jacobs Solutions Inc. (NYSE:J) Shares Bought by Marco Investment Management LLC

Marco Investment Management LLC grew its holdings in Jacobs Solutions Inc. (NYSE:J) by 8.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,285 shares of the company’s stock after acquiring an additional 3,105 shares during the quarter. Marco Investment Management LLC’s holdings in Jacobs Solutions were worth $5,012,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Boston Partners grew its holdings in shares of Jacobs Solutions by 27.9% during the first quarter. Boston Partners now owns 3,697,086 shares of the company’s stock valued at $567,436,000 after buying an additional 805,657 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Jacobs Solutions by 6.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock worth $464,736,000 after acquiring an additional 192,166 shares during the period. Dimensional Fund Advisors LP grew its stake in Jacobs Solutions by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock valued at $169,366,000 after purchasing an additional 127,605 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Jacobs Solutions by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 760,516 shares of the company’s stock valued at $99,552,000 after purchasing an additional 14,405 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Jacobs Solutions by 12.0% in the second quarter. American Century Companies Inc. now owns 632,868 shares of the company’s stock valued at $88,418,000 after purchasing an additional 67,821 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

NYSE:J opened at $137.36 on Friday. The stock has a market capitalization of $17.07 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 2.04 and a beta of 0.71. Jacobs Solutions Inc. has a 52 week low of $101.64 and a 52 week high of $150.54. The company has a quick ratio of 1.14, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The stock’s 50-day moving average price is $142.11 and its 200-day moving average price is $142.29.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.71). The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.90 earnings per share. As a group, equities analysts expect that Jacobs Solutions Inc. will post 6.08 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions’s dividend payout ratio is presently 18.33%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Citigroup decreased their target price on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a report on Wednesday. StockNews.com began coverage on shares of Jacobs Solutions in a report on Monday, November 18th. They issued a “buy” rating on the stock. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a research report on Friday, October 4th. Truist Financial cut their price target on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Finally, Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $156.50.

Insider Buying and Selling at Jacobs Solutions

In other news, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total value of $625,633.38. Following the sale, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at $3,688,038.96. The trade was a 14.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christopher M.T. Thompson sold 1,898 shares of the 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 completion of the transaction, the director now directly owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. This represents a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.