American International Group Inc. Has $4.29 Million Position in Jacobs Solutions Inc. (NYSE:J)

American International Group Inc. cut its stake in Jacobs Solutions Inc. (NYSE:J) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,018 shares of the company’s stock after selling 1,985 shares during the quarter. American International Group Inc.’s holdings in Jacobs Solutions were worth $4,286,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of J. First Pacific Financial bought a new stake in shares of Jacobs Solutions in the fourth quarter valued at about $27,000. GAMMA Investing LLC bought a new stake in Jacobs Solutions in the 4th quarter valued at about $27,000. Union Savings Bank grew its position in shares of Jacobs Solutions by 78.1% during the 4th quarter. Union Savings Bank now owns 285 shares of the company’s stock worth $37,000 after purchasing an additional 125 shares in the last quarter. Northwest Financial Advisors bought a new position in shares of Jacobs Solutions during the fourth quarter worth approximately $39,000. Finally, Quarry LP raised its position in shares of Jacobs Solutions by 108.9% in the fourth quarter. Quarry LP now owns 305 shares of the company’s stock valued at $40,000 after buying an additional 159 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Stock Down 0.2 %

Shares of NYSE J opened at $140.96 on Monday. Jacobs Solutions Inc. has a 52-week low of $114.09 and a 52-week high of $154.50. The company’s 50 day moving average price is $140.77 and its 200-day moving average price is $140.18. The company has a market capitalization of $17.65 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 1.63 and a beta of 0.73. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17.

Jacobs Solutions (NYSE:J) 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. The company had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.33 billion. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.81 EPS. Equities analysts forecast that Jacobs Solutions Inc. will post 7.98 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, May 24th were paid a $0.29 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $1.16 annualized dividend and a dividend yield of 0.82%. Jacobs Solutions’s dividend payout ratio is presently 22.39%.

Insider Activity at Jacobs Solutions

In other news, CFO Kevin C. Berryman sold 1,500 shares of the business’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 $229,800.00. Following the completion of the sale, the chief financial officer now owns 233,104 shares in the company, valued at $35,711,532.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the sale, the chief financial officer now owns 233,104 shares in the company, valued at approximately $35,711,532.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of the 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 $1,072,400.00. Following the completion of the sale, the insider now directly owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The disclosure for this sale can be found here. Insiders sold 24,000 shares of company stock valued at $3,503,195 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on J. Argus raised their price target on Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Citigroup boosted their target price on shares of Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Bank of America raised their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. StockNews.com cut shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Robert W. Baird lowered 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. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.