Pinnacle Financial Partners Inc Has $342,000 Position in Jacobs Solutions Inc. (NYSE:J)

Pinnacle Financial Partners Inc grew its stake in shares of Jacobs Solutions Inc. (NYSE:JFree Report) by 4.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,631 shares of the company’s stock after buying an additional 105 shares during the period. Pinnacle Financial Partners Inc’s holdings in Jacobs Solutions were worth $342,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in J. Third Point LLC raised its position in Jacobs Solutions by 629.4% in the second quarter. Third Point LLC now owns 1,354,982 shares of the company’s stock worth $161,094,000 after purchasing an additional 1,169,217 shares in the last quarter. Mackenzie Financial Corp raised its position in Jacobs Solutions by 1,162.8% in the first quarter. Mackenzie Financial Corp now owns 866,765 shares of the company’s stock worth $119,449,000 after purchasing an additional 798,125 shares in the last quarter. Boston Partners acquired a new position in Jacobs Solutions in the third quarter worth about $106,946,000. Select Equity Group L.P. raised its position in Jacobs Solutions by 12.6% in the first quarter. Select Equity Group L.P. now owns 4,717,432 shares of the company’s stock worth $554,345,000 after purchasing an additional 529,557 shares in the last quarter. Finally, Baupost Group LLC MA acquired a new position in Jacobs Solutions in the third quarter worth about $66,583,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

Shares of J stock opened at $149.85 on Thursday. Jacobs Solutions Inc. has a 52-week low of $109.00 and a 52-week high of $154.50. The stock has a market cap of $18.83 billion, a PE ratio of 26.76, a PEG ratio of 1.60 and a beta of 0.73. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. The firm’s 50 day moving average price is $146.10 and its two-hundred day moving average price is $136.65.

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

Jacobs Solutions Increases Dividend

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

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the sale, the chief financial officer now directly owns 233,104 shares in the company, valued at $35,711,532.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the sale, the insider now directly owns 555,138 shares in the company, valued at $85,047,141.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $229,800.00. Following the sale, the chief financial officer now owns 233,104 shares in the company, valued at $35,711,532.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,838 shares of company stock valued at $2,393,710. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

J has been the subject of several recent analyst reports. Bank of America raised their price objective on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday. Argus raised their price objective on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. KeyCorp initiated coverage on shares of Jacobs Solutions in a report on Wednesday, January 10th. They set a “sector weight” rating for the company. 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. Finally, Truist Financial assumed coverage on shares of Jacobs Solutions in a report on Thursday, March 14th. They set a “hold” rating and a $154.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $154.08.

Check Out Our Latest Research Report on Jacobs Solutions

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.

Read More

Want to see what other hedge funds are holding J? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jacobs Solutions Inc. (NYSE:JFree Report).

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

Receive News & Ratings for Jacobs Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Solutions and related companies with MarketBeat.com's FREE daily email newsletter.