PNC Financial Services Group Inc. Buys 2,836 Shares of Jacobs Solutions Inc. (NYSE:J)

PNC Financial Services Group Inc. raised its stake in Jacobs Solutions Inc. (NYSE:J) by 7.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 42,031 shares of the company’s stock after purchasing an additional 2,836 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Jacobs Solutions were worth $5,456,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital World Investors raised its holdings in shares of Jacobs Solutions by 0.8% during the fourth quarter. Capital World Investors now owns 6,398,776 shares of the company’s stock valued at $830,561,000 after acquiring an additional 49,545 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Jacobs Solutions by 0.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,446,374 shares of the company’s stock valued at $447,339,000 after acquiring an additional 14,821 shares in the last quarter. Boston Partners raised its holdings in shares of Jacobs Solutions by 268.4% during the fourth quarter. Boston Partners now owns 2,891,429 shares of the company’s stock valued at $375,623,000 after acquiring an additional 2,106,589 shares in the last quarter. Ninety One UK Ltd grew its stake in Jacobs Solutions by 5.9% in the fourth quarter. Ninety One UK Ltd now owns 2,044,031 shares of the company’s stock worth $265,315,000 after purchasing an additional 114,076 shares during the period. Finally, Third Point LLC grew its stake in Jacobs Solutions by 32.8% in the third quarter. Third Point LLC now owns 1,800,000 shares of the company’s stock worth $245,700,000 after purchasing an additional 445,018 shares during the period. 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 the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $139.43, for a total transaction of $976,010.00. Following the completion of the transaction, the insider now owns 541,138 shares in the company, valued at approximately $75,450,871.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $145.31, for a total value of $217,965.00. Following the completion of the transaction, the chief financial officer now owns 231,604 shares in the company, valued at approximately $33,654,377.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $139.43, for a total value of $976,010.00. Following the completion of the transaction, the insider now owns 541,138 shares of the company’s stock, valued at approximately $75,450,871.34. The disclosure for this sale can be found here. Insiders sold 24,000 shares of company stock worth $3,503,195 in the last quarter. 1.00% of the stock is owned by corporate insiders.

Jacobs Solutions Stock Up 0.2 %

NYSE J opened at $140.98 on Wednesday. The stock’s 50-day moving average price is $141.00 and its 200-day moving average price is $139.92. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. Jacobs Solutions Inc. has a 52 week low of $114.09 and a 52 week high of $154.50. The company has a market capitalization of $17.65 billion, a P/E ratio of 27.22, a price-to-earnings-growth ratio of 1.62 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, May 7th. The company reported $1.91 earnings per share (EPS) 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 firm had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter last year, the business posted $1.81 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. On average, equities research analysts predict that Jacobs Solutions Inc. will post 7.98 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 24th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, May 23rd. Jacobs Solutions’s dividend payout ratio is presently 22.39%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on J shares. Truist Financial reduced their price target on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. Bank of America increased their target price on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Argus increased their price objective on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. William Blair cut Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Finally, Robert W. Baird dropped their price objective on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $156.82.

Jacobs Solutions 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.