Jacobs Solutions Inc. (NYSE:J) Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC grew its position in shares of Jacobs Solutions Inc. (NYSE:JFree Report) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,586 shares of the company’s stock after acquiring an additional 167 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Jacobs Solutions were worth $762,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of J. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Jacobs Solutions during the first quarter valued at about $125,000. Panagora Asset Management Inc. raised its position in Jacobs Solutions by 22.6% in the first quarter. Panagora Asset Management Inc. now owns 3,472 shares of the company’s stock worth $478,000 after acquiring an additional 641 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Jacobs Solutions by 5.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,290 shares of the company’s stock worth $2,383,000 after acquiring an additional 933 shares in the last quarter. Cibc World Market Inc. raised its position in Jacobs Solutions by 4.8% in the first quarter. Cibc World Market Inc. now owns 14,801 shares of the company’s stock worth $2,040,000 after acquiring an additional 680 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its position in Jacobs Solutions by 5.6% in the first quarter. Vontobel Holding Ltd. now owns 8,445 shares of the company’s stock worth $1,179,000 after acquiring an additional 448 shares in the last quarter. Institutional investors and hedge funds own 84.77% of the company’s stock.

Jacobs Solutions Stock Up 2.1 %

Shares of J stock opened at $139.91 on Wednesday. Jacobs Solutions Inc. has a 12 month low of $109.00 and a 12 month high of $143.93. The firm has a market cap of $17.67 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 1.46 and a beta of 0.73. The stock has a 50 day moving average of $130.85 and a 200-day moving average of $132.12. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.43.

Jacobs Solutions (NYSE:JGet Free Report) last issued its quarterly earnings results on Tuesday, November 21st. The company reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.12). Jacobs Solutions had a return on equity of 14.19% and a net margin of 4.07%. The business had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the firm earned $1.80 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, equities analysts predict that Jacobs Solutions Inc. will post 8.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, February 23rd will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.83%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.26. The ex-dividend date is Thursday, February 22nd. Jacobs Solutions’s dividend payout ratio is presently 19.66%.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, EVP Patrick Hill sold 5,500 shares of Jacobs Solutions stock in a transaction on Friday, December 8th. The stock was sold at an average price of $127.48, for a total transaction of $701,140.00. Following the completion of the transaction, the executive vice president now directly owns 62,719 shares of the company’s stock, valued at $7,995,418.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Steven J. Demetriou sold 6,666 shares of Jacobs Solutions stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $127.75, for a total value of $851,581.50. Following the completion of the sale, the insider now directly owns 581,138 shares in the company, valued at $74,240,379.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Patrick Hill sold 5,500 shares of Jacobs Solutions stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $127.48, for a total value of $701,140.00. Following the completion of the sale, the executive vice president now owns 62,719 shares of the company’s stock, valued at $7,995,418.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,832 shares of company stock worth $3,112,190. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on J shares. Benchmark reiterated a “buy” rating and issued a $160.00 price target on shares of Jacobs Solutions in a research report on Wednesday, November 22nd. KeyCorp initiated coverage on Jacobs Solutions in a report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Stifel Nicolaus restated a “buy” rating and set a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday, November 21st. Raymond James downgraded Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 22nd. Finally, Royal Bank of Canada cut their price objective on Jacobs Solutions from $157.00 to $151.00 and set an “outperform” rating on the stock in a report on Wednesday, November 22nd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.00.

Get Our Latest Analysis on J

Jacobs Solutions Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Jacobs Solutions (NYSE:J)

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