Jacobs Solutions Inc. (NYSE:J) Short Interest Up 7.9% in May

Jacobs Solutions Inc. (NYSE:J) was the target of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 1,370,000 shares, an increase of 7.9% from the May 15th total of 1,270,000 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily volume of 588,800 shares, the days-to-cover ratio is presently 2.3 days.

Jacobs Solutions Price Performance

Shares of J stock opened at $140.98 on Wednesday. Jacobs Solutions has a twelve month low of $114.09 and a twelve month high of $154.50. The stock has a market capitalization of $17.65 billion, a price-to-earnings ratio of 27.22, a P/E/G ratio of 1.59 and a beta of 0.73. The stock has a fifty day simple moving average of $141.00 and a two-hundred day simple moving average of $139.92. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, May 7th. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate 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 period in the prior year, the business earned $1.81 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts predict that Jacobs Solutions will post 7.98 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Thursday, May 23rd. Jacobs Solutions’s payout ratio is currently 22.39%.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction dated 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 directly owns 555,138 shares in the company, valued at approximately $85,047,141.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction dated 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 transaction, the insider now directly owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $145.31, for a total value of $217,965.00. Following the transaction, the chief financial officer now directly owns 231,604 shares in the company, valued at $33,654,377.24. The disclosure for this sale can be found here. Insiders sold a total of 24,000 shares of company stock worth $3,503,195 in the last three months. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Jacobs Solutions

Institutional investors have recently added to or reduced their stakes in the stock. First Pacific Financial bought a new stake in Jacobs Solutions during the fourth quarter valued at about $27,000. GAMMA Investing LLC bought a new stake in Jacobs Solutions during the fourth quarter valued at about $27,000. ICA Group Wealth Management LLC acquired a new stake in Jacobs Solutions in the fourth quarter worth about $30,000. Union Savings Bank boosted its holdings in Jacobs Solutions by 78.1% in the fourth quarter. Union Savings Bank now owns 285 shares of the company’s stock worth $37,000 after acquiring an additional 125 shares in the last quarter. Finally, Northwest Financial Advisors acquired a new stake in Jacobs Solutions in the fourth quarter worth about $39,000. Institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on J. William Blair cut Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Truist Financial lowered their price target on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th. StockNews.com cut Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 13th. Bank of America upped their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Finally, Robert W. Baird decreased their price objective on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating on the stock in a 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. According to MarketBeat, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $156.82.

Jacobs Solutions Company Profile

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.