Jacobs Solutions Inc. (NYSE:J) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its holdings in Jacobs Solutions Inc. (NYSE:JFree Report) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,028 shares of the company’s stock after selling 2,196 shares during the quarter. Janney Montgomery Scott LLC owned 0.06% of Jacobs Solutions worth $9,219,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mirabella Financial Services LLP acquired a new stake in Jacobs Solutions in the 3rd quarter valued at about $202,000. AGF Management Ltd. lifted its holdings in Jacobs Solutions by 1.5% in the 4th quarter. AGF Management Ltd. now owns 1,216,849 shares of the company’s stock valued at $157,947,000 after acquiring an additional 18,484 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in Jacobs Solutions in the 4th quarter valued at about $5,192,000. Wellington Management Group LLP lifted its holdings in Jacobs Solutions by 62.7% in the 3rd quarter. Wellington Management Group LLP now owns 61,010 shares of the company’s stock valued at $8,328,000 after acquiring an additional 23,509 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in Jacobs Solutions by 76.0% in the 4th quarter. Federated Hermes Inc. now owns 34,122 shares of the company’s stock valued at $4,429,000 after acquiring an additional 14,740 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the completion of the sale, the insider now owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the completion of the sale, the insider now owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was 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 of the company’s stock, valued at approximately $35,711,532.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,486 shares of company stock worth $3,344,599. Insiders own 1.00% of the company’s stock.

Jacobs Solutions Price Performance

Shares of J opened at $136.44 on Friday. The company has a market capitalization of $17.08 billion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 1.57 and a beta of 0.74. Jacobs Solutions Inc. has a fifty-two week low of $109.00 and a fifty-two week high of $154.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. The business’s 50-day moving average is $145.91 and its 200-day moving average is $138.60.

Jacobs Solutions (NYSE:JGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported $1.91 EPS for the quarter, topping 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 firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the prior year, the company posted $1.81 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Equities research analysts expect that Jacobs Solutions Inc. will post 7.98 EPS 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 issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.16 dividend on an annualized basis and a yield of 0.85%. Jacobs Solutions’s dividend payout ratio is currently 22.39%.

Analysts Set New Price Targets

J has been the subject of a number of analyst reports. Truist Financial reduced their price objective on shares of Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. Bank of America upped their price objective 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. William Blair lowered shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Robert W. Baird reduced their price objective on shares of Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Finally, Royal Bank of Canada upped their price objective on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Jacobs Solutions has an average rating of “Moderate Buy” and a consensus target price of $156.82.

Check Out Our Latest Analysis on J

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.

Further Reading

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

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