Dana Investment Advisors Inc. Lowers Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Dana Investment Advisors Inc. reduced its position in shares of Jacobs Solutions Inc. (NYSE:JFree Report) by 5.9% in the fourth quarter, Holdings Channel reports. The firm owned 2,533 shares of the company’s stock after selling 160 shares during the period. Dana Investment Advisors Inc.’s holdings in Jacobs Solutions were worth $329,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in shares of Jacobs Solutions in the 4th quarter worth approximately $27,000. First Pacific Financial bought a new position in Jacobs Solutions during the 4th quarter worth approximately $27,000. Northwest Financial Advisors bought a new stake in Jacobs Solutions in the fourth quarter valued at approximately $39,000. Tennessee Valley Asset Management Partners bought a new stake in Jacobs Solutions in the fourth quarter valued at approximately $59,000. Finally, Private Trust Co. NA grew its holdings in shares of Jacobs Solutions by 17.8% in the fourth quarter. Private Trust Co. NA now owns 575 shares of the company’s stock worth $75,000 after purchasing an additional 87 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction dated 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 directly owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Jacobs Solutions news, EVP Patrick Hill sold 5,486 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $149.00, for a total value of $817,414.00. Following the completion of the transaction, the executive vice president now owns 57,233 shares of the company’s stock, valued at approximately $8,527,717. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction dated 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 approximately $85,047,141.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,338 shares of company stock worth $3,618,695. 1.00% of the stock is owned by corporate insiders.

Jacobs Solutions Stock Performance

Shares of J opened at $138.32 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The stock has a market cap of $17.32 billion, a P/E ratio of 26.70, a P/E/G ratio of 1.60 and a beta of 0.74. The business’s 50 day moving average price is $146.71 and its 200-day moving average price is $138.49. Jacobs Solutions Inc. has a 52 week low of $109.00 and a 52 week high of $154.50.

Jacobs Solutions (NYSE:JGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.07. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The business had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the previous year, the business earned $1.81 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that Jacobs Solutions Inc. will post 7.98 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 24th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.84%. The ex-dividend date is Thursday, May 23rd. Jacobs Solutions’s dividend payout ratio (DPR) is 22.39%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on J shares. Royal Bank of Canada boosted their price target on Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Robert W. Baird decreased their target price on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. 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, April 2nd. Argus increased their price target on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Finally, William Blair cut Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Jacobs Solutions currently has an average rating of “Moderate Buy” and an average price target of $156.82.

Read Our Latest Stock Analysis on J

Jacobs Solutions 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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