Insider Selling: Jacobs Solutions Inc. (NYSE:J) Insider Sells 7,000 Shares of Stock

Jacobs Solutions Inc. (NYSE:JGet Free Report) insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $1,072,400.00. Following the transaction, the insider now directly owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Jacobs Solutions Stock Up 0.1 %

J stock opened at $149.85 on Thursday. The business has a 50 day moving average of $146.10 and a 200 day moving average of $136.65. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. The firm has a market cap of $18.83 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 1.59 and a beta of 0.73. Jacobs Solutions Inc. has a twelve month low of $109.00 and a twelve month high of $154.50.

Jacobs Solutions (NYSE:JGet Free Report) last released its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. The firm had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.02 billion. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the business posted $1.67 EPS. On average, research analysts forecast that Jacobs Solutions Inc. will post 8.06 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were issued a $0.29 dividend. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.77%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 20.71%.

Institutional Trading of Jacobs Solutions

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC bought a new stake in Jacobs Solutions during the fourth quarter valued at about $27,000. First Pacific Financial bought a new stake in Jacobs Solutions during the 4th quarter worth approximately $27,000. ICA Group Wealth Management LLC purchased a new position in Jacobs Solutions during the fourth quarter valued at approximately $30,000. Clear Street Markets LLC boosted its position in shares of Jacobs Solutions by 93.8% in the first quarter. Clear Street Markets LLC now owns 250 shares of the company’s stock worth $29,000 after purchasing an additional 121 shares during the period. Finally, Park Place Capital Corp raised its position in shares of Jacobs Solutions by 473.9% during the 3rd quarter. Park Place Capital Corp now owns 264 shares of the company’s stock valued at $36,000 after purchasing an additional 218 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on J shares. Argus raised their price target on Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Bank of America lifted their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Tuesday. Royal Bank of Canada raised their price objective on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Truist Financial assumed coverage on Jacobs Solutions in a report on Thursday, March 14th. They set a “hold” rating and a $154.00 target price on the stock. Finally, KeyCorp initiated coverage on Jacobs Solutions in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $154.08.

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About Jacobs Solutions

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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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