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

Jacobs Solutions Inc. (NYSE:J) insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $143.86, for a total value of $1,007,020.00. Following the transaction, the insider now owns 548,138 shares of the company’s stock, valued at approximately $78,855,132.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jacobs Solutions Stock Performance

J stock opened at $148.19 on Friday. The stock has a market capitalization of $18.62 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 1.54 and a beta of 0.74. The stock’s 50 day simple moving average is $147.38 and its 200 day simple moving average is $138.05. Jacobs Solutions Inc. has a 12-month low of $109.00 and a 12-month high of $154.50. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results 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 return on equity of 14.57% and a net margin of 4.20%. The firm had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the prior year, the company posted $1.67 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, research analysts forecast that Jacobs Solutions Inc. will post 8.07 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 24th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, May 23rd. Jacobs Solutions’s dividend payout ratio (DPR) is presently 20.71%.

Analyst Upgrades and Downgrades

J has been the subject of several research reports. Citigroup upped their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. KeyCorp initiated coverage on shares of Jacobs Solutions in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Royal Bank of Canada upped their target price on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Bank of America raised their target price on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Finally, Truist Financial started coverage on Jacobs Solutions in a research note on Thursday, March 14th. They issued a “hold” rating and a $154.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $155.25.

Institutional Investors Weigh In On Jacobs Solutions

Hedge funds have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC bought a new stake in shares of Jacobs Solutions during the 3rd quarter valued at $342,000. Commonwealth Equity Services LLC increased its position in Jacobs Solutions by 2.9% in the third quarter. Commonwealth Equity Services LLC now owns 60,623 shares of the company’s stock worth $8,275,000 after buying an additional 1,722 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Jacobs Solutions by 29.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 20,320 shares of the company’s stock worth $2,774,000 after buying an additional 4,565 shares during the period. Xponance Inc. raised its stake in shares of Jacobs Solutions by 1.8% in the third quarter. Xponance Inc. now owns 16,771 shares of the company’s stock worth $2,289,000 after buying an additional 290 shares during the period. Finally, Pinnacle Associates Ltd. purchased a new position in shares of Jacobs Solutions during the 3rd quarter valued at about $204,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

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.