Tredje AP fonden Has $2.74 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

Tredje AP fonden lessened its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,626 shares of the company’s stock after selling 310 shares during the quarter. Tredje AP fonden’s holdings in Jacobs Solutions were worth $2,742,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Tlwm raised its holdings in shares of Jacobs Solutions by 1.2% during the second quarter. Tlwm now owns 6,046 shares of the company’s stock worth $845,000 after acquiring an additional 74 shares in the last quarter. Hudson Edge Investment Partners Inc. raised its stake in shares of Jacobs Solutions by 1.4% during the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock worth $834,000 after purchasing an additional 82 shares in the last quarter. American National Bank lifted its holdings in shares of Jacobs Solutions by 1.4% during the 2nd quarter. American National Bank now owns 6,488 shares of the company’s stock valued at $906,000 after buying an additional 88 shares during the last quarter. Global Financial Private Client LLC grew its stake in shares of Jacobs Solutions by 2.6% in the 2nd quarter. Global Financial Private Client LLC now owns 3,944 shares of the company’s stock valued at $551,000 after buying an additional 100 shares in the last quarter. Finally, Advisors Management Group Inc. ADV increased its holdings in Jacobs Solutions by 1.5% in the second quarter. Advisors Management Group Inc. ADV now owns 7,053 shares of the company’s stock worth $985,000 after buying an additional 101 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. UBS Group raised their target price on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Robert W. Baird decreased their target price on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. StockNews.com downgraded Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 15th. Truist Financial reissued a “hold” rating and issued a $158.00 price objective (up from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada boosted 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. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.67.

Insider Transactions at Jacobs Solutions

In other news, EVP Shelette M. Gustafson sold 4,167 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the completion of the sale, the executive vice president now owns 24,564 shares of the company’s stock, valued at $3,688,038.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total transaction of $625,633.38. Following the sale, the executive vice president now owns 24,564 shares in the company, valued at $3,688,038.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction dated 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 transaction, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at $3,911,670.49. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,516 shares of company stock valued at $3,132,273. 1.00% of the stock is owned by insiders.

Jacobs Solutions Stock Performance

NYSE J opened at $149.46 on Friday. 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. The stock has a market cap of $18.71 billion, a P/E ratio of 28.85, a PEG ratio of 1.63 and a beta of 0.72. The company’s 50-day simple moving average is $146.04 and its 200 day simple moving average is $144.12.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, meeting the consensus estimate of $1.96. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company posted $1.82 EPS. As a group, research analysts forecast that Jacobs Solutions Inc. will post 7.97 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, August 23rd. Stockholders of record on Friday, July 26th were paid a $0.29 dividend. The ex-dividend date was Friday, July 26th. This represents a $1.16 annualized dividend and a dividend yield of 0.78%. Jacobs Solutions’s dividend payout ratio is presently 22.39%.

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.