Oak Thistle LLC Trims Position in Jacobs Solutions Inc. (NYSE:J)

Oak Thistle LLC trimmed its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 27.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,780 shares of the company’s stock after selling 1,055 shares during the period. Oak Thistle LLC’s holdings in Jacobs Solutions were worth $427,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. FMR LLC raised its position in Jacobs Solutions by 1.9% during the third quarter. FMR LLC now owns 66,592 shares of the company’s stock valued at $9,090,000 after acquiring an additional 1,241 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Jacobs Solutions by 40.4% during the 3rd quarter. LPL Financial LLC now owns 47,739 shares of the company’s stock valued at $6,516,000 after purchasing an additional 13,730 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of Jacobs Solutions by 42.2% in the 3rd quarter. Federated Hermes Inc. now owns 19,382 shares of the company’s stock valued at $2,646,000 after purchasing an additional 5,756 shares during the period. Treasurer of the State of North Carolina boosted its holdings in Jacobs Solutions by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 55,270 shares of the company’s stock worth $7,544,000 after buying an additional 280 shares in the last quarter. Finally, Synovus Financial Corp purchased a new stake in Jacobs Solutions during the third quarter worth $205,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Jacobs Solutions

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 shares were sold at an average price of $145.31, for a total transaction of $217,965.00. Following the sale, the chief financial officer now owns 231,604 shares of the company’s stock, valued at approximately $33,654,377.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were 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 of the company’s stock, valued at approximately $75,450,871.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $145.31, for a total transaction of $217,965.00. Following the completion of the sale, the chief financial officer now owns 231,604 shares of the company’s stock, valued at approximately $33,654,377.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,500 shares of company stock valued at $2,200,995. 1.00% of the stock is owned by company insiders.

Jacobs Solutions Trading Down 1.0 %

J opened at $138.30 on Tuesday. The firm has a market capitalization of $17.32 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 1.61 and a beta of 0.70. The company’s 50 day simple moving average is $140.39 and its two-hundred day simple moving average is $140.60. Jacobs Solutions Inc. has a 1-year low of $118.17 and a 1-year 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.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.84 by $0.07. The firm had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.81 earnings per share. Analysts expect that Jacobs Solutions Inc. will post 7.98 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, May 24th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, May 23rd. This represents a $1.16 annualized dividend and a dividend yield of 0.84%. Jacobs Solutions’s payout ratio is 22.39%.

Wall Street Analyst Weigh In

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