Meiji Yasuda Life Insurance Co Invests $270,000 in Jacobs Solutions Inc. (NYSE:J)

Meiji Yasuda Life Insurance Co bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,930 shares of the company’s stock, valued at approximately $270,000.

Other large investors also recently added to or reduced their stakes in the company. EdgeRock Capital LLC purchased a new stake in shares of Jacobs Solutions during the second quarter valued at approximately $26,000. Bruce G. Allen Investments LLC raised its stake in shares of Jacobs Solutions by 427.5% during the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. ICA Group Wealth Management LLC purchased a new stake in shares of Jacobs Solutions during the fourth quarter worth about $30,000. Union Savings Bank boosted its holdings in shares of Jacobs Solutions by 78.1% during the fourth quarter. Union Savings Bank now owns 285 shares of the company’s stock worth $37,000 after purchasing an additional 125 shares during the period. Finally, Quarry LP grew its stake in shares of Jacobs Solutions by 108.9% in the fourth quarter. Quarry LP now owns 305 shares of the company’s stock worth $40,000 after purchasing an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insider Activity at Jacobs Solutions

In other news, Director Christopher M.T. Thompson sold 1,898 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the transaction, the director now directly owns 42,069 shares of the company’s stock, valued at $6,346,108.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the sale, the senior vice president now owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the transaction, the director now directly owns 42,069 shares in the company, valued at $6,346,108.65. The disclosure for this sale can be found here. Insiders sold 21,516 shares of company stock valued at $3,132,273 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Performance

Jacobs Solutions stock opened at $145.54 on Thursday. The stock’s 50 day moving average is $145.87 and its 200 day moving average is $144.08. The company has a market capitalization of $18.22 billion, a P/E ratio of 28.10, a PEG ratio of 1.63 and a beta of 0.72. Jacobs Solutions Inc. has a twelve month low of $120.71 and a twelve month high of $154.50. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, meeting the consensus estimate of $1.96. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The company’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the company earned $1.82 earnings per share. On average, equities research analysts predict that Jacobs Solutions Inc. will post 7.97 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, July 26th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Friday, July 26th. Jacobs Solutions’s payout ratio is 22.39%.

Wall Street Analysts Forecast Growth

J has been the subject of several research analyst reports. Robert W. Baird dropped their price objective on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. StockNews.com lowered Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 15th. UBS Group boosted their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Royal Bank of Canada raised their target price on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Truist Financial reaffirmed a “hold” rating and set a $158.00 target price (up previously from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $161.67.

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.