Jacobs Solutions Inc. (NYSE:J) Stake Lifted by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. increased its position in shares of Jacobs Solutions Inc. (NYSE:J) by 36.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,212 shares of the company’s stock after purchasing an additional 1,123 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Jacobs Solutions were worth $648,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in J. FMR LLC grew its stake in shares of Jacobs Solutions by 1.9% in the 3rd quarter. FMR LLC now owns 66,592 shares of the company’s stock worth $9,090,000 after purchasing an additional 1,241 shares during the last quarter. LPL Financial LLC boosted its holdings in Jacobs Solutions by 40.4% during the third quarter. LPL Financial LLC now owns 47,739 shares of the company’s stock worth $6,516,000 after buying an additional 13,730 shares in the last quarter. Synovus Financial Corp acquired a new position in Jacobs Solutions in the third quarter worth approximately $205,000. Gotham Asset Management LLC increased its holdings in shares of Jacobs Solutions by 17.9% in the third quarter. Gotham Asset Management LLC now owns 18,049 shares of the company’s stock valued at $2,464,000 after buying an additional 2,741 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Jacobs Solutions during the 3rd quarter valued at $643,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Trading Down 0.4 %

Shares of NYSE J opened at $137.77 on Wednesday. The stock has a market cap of $17.25 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 1.61 and a beta of 0.70. The business has a 50 day simple moving average of $140.27 and a 200 day simple moving average of $140.66. 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 Inc. has a 52 week low of $118.17 and a 52 week high of $154.50.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.07. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The firm 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 company posted $1.81 earnings per share. Jacobs Solutions’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, research analysts predict that Jacobs Solutions Inc. will post 7.98 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors 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 dividend on an annualized basis and a yield of 0.84%. Jacobs Solutions’s payout ratio is presently 22.39%.

Insider Buying and Selling

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 value of $976,010.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction 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 directly owns 541,138 shares in the company, valued at approximately $75,450,871.34. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was 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 in the company, valued at $33,654,377.24. The disclosure for this sale can be found here. Insiders have sold 15,500 shares of company stock worth $2,200,995 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. William Blair downgraded Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Truist Financial decreased their target price on shares of Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. Citigroup boosted their price target on shares of Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Robert W. Baird decreased their price objective on shares of Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Finally, Argus boosted their target price on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Jacobs Solutions 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.