Jacobs Solutions Inc. (NYSE:J) Stake Trimmed by Xponance Inc.

Xponance Inc. lessened its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,041 shares of the company’s stock after selling 730 shares during the quarter. Xponance Inc.’s holdings in Jacobs Solutions were worth $2,082,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of J. Boston Partners purchased a new position in Jacobs Solutions during the 3rd quarter valued at about $106,946,000. Baupost Group LLC MA purchased a new position in Jacobs Solutions during the 3rd quarter valued at about $66,583,000. Third Point LLC grew its stake in Jacobs Solutions by 32.8% during the 3rd quarter. Third Point LLC now owns 1,800,000 shares of the company’s stock valued at $245,700,000 after acquiring an additional 445,018 shares in the last quarter. Ceredex Value Advisors LLC grew its stake in Jacobs Solutions by 117.2% during the 4th quarter. Ceredex Value Advisors LLC now owns 615,289 shares of the company’s stock valued at $79,865,000 after acquiring an additional 332,053 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Jacobs Solutions by 82.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 411,271 shares of the company’s stock valued at $56,141,000 after buying an additional 186,030 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insider Transactions at Jacobs Solutions

In related news, EVP Shelette M. Gustafson sold 1,852 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $148.00, for a total value of $274,096.00. Following the completion of the transaction, the executive vice president now directly owns 28,791 shares in the company, valued at $4,261,068. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Shelette M. Gustafson sold 1,852 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $148.00, for a total value of $274,096.00. Following the completion of the transaction, the executive vice president now directly owns 28,791 shares in the company, valued at $4,261,068. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The disclosure for this sale can be found here. Insiders sold a total of 15,838 shares of company stock worth $2,393,710 over the last three months. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on J. Citigroup boosted their price target on Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a research note on Monday. Truist Financial began coverage on Jacobs Solutions in a research note on Thursday, March 14th. They issued a “hold” rating and a $154.00 price target for the company. KeyCorp began coverage on Jacobs Solutions in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company. Argus boosted their price target on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, Bank of America boosted their price target on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $155.25.

Jacobs Solutions Stock Up 0.2 %

Shares of J stock opened at $144.11 on Tuesday. Jacobs Solutions Inc. has a 12 month low of $109.00 and a 12 month high of $154.50. The firm has a market cap of $18.11 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 1.52 and a beta of 0.73. The stock has a 50 day moving average of $147.59 and a 200-day moving average of $137.73. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The company had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same period in the previous year, the company earned $1.67 earnings per share. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities analysts predict that Jacobs Solutions Inc. will post 8.07 EPS for the current year.

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were issued a dividend of $0.29 per share. The ex-dividend date was Thursday, February 22nd. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.80%. Jacobs Solutions’s payout ratio is 20.71%.

About Jacobs Solutions

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.