Jacobs Solutions Inc. (NYSE:J) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP raised its position in Jacobs Solutions Inc. (NYSE:J) by 4.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,447 shares of the company’s stock after purchasing an additional 2,437 shares during the quarter. Wellington Management Group LLP owned about 0.05% of Jacobs Solutions worth $8,235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in J. Virtu Financial LLC acquired a new stake in shares of Jacobs Solutions in the 4th quarter worth approximately $207,000. Raleigh Capital Management Inc. acquired a new position in shares of Jacobs Solutions during the 4th quarter valued at $237,000. Quarry LP raised its stake in shares of Jacobs Solutions by 108.9% in the 4th quarter. Quarry LP now owns 305 shares of the company’s stock worth $40,000 after buying an additional 159 shares in the last quarter. Security National Bank of SO Dak lifted its holdings in shares of Jacobs Solutions by 0.9% in the fourth quarter. Security National Bank of SO Dak now owns 23,380 shares of the company’s stock valued at $3,035,000 after buying an additional 210 shares during the period. Finally, Barden Capital Management Inc. bought a new position in Jacobs Solutions during the fourth quarter valued at about $268,000. Institutional investors own 85.65% of the company’s stock.

Insiders Place Their Bets

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

Jacobs Solutions Price Performance

NYSE J opened at $139.45 on Friday. Jacobs Solutions Inc. has a twelve month low of $115.57 and a twelve month high of $154.50. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $17.46 billion, a PE ratio of 26.92, a P/E/G ratio of 1.61 and a beta of 0.73. The stock has a 50-day simple moving average of $140.55 and a 200 day simple moving average of $140.36.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, May 7th. The company reported $1.91 earnings per share 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 business had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period last year, the business earned $1.81 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Research analysts anticipate that Jacobs Solutions Inc. will post 7.98 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, May 24th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.83%. The ex-dividend date was Thursday, May 23rd. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Robert W. Baird cut their price target on shares of Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Citigroup raised their target price on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. StockNews.com lowered shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd. Truist Financial reduced their price objective on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a research report on Wednesday, May 8th. Finally, Bank of America upped their target price on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $156.82.

About Jacobs Solutions

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.