Blair William & Co. IL Sells 55,964 Shares of Jacobs Solutions Inc. (NYSE:J)

Blair William & Co. IL cut its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 50.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,699 shares of the company’s stock after selling 55,964 shares during the period. Blair William & Co. IL’s holdings in Jacobs Solutions were worth $7,782,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of J. Jump Financial LLC bought a new stake in Jacobs Solutions in the 4th quarter valued at $459,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Jacobs Solutions in the fourth quarter valued at about $477,000. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Jacobs Solutions by 91.8% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,512 shares of the company’s stock worth $326,000 after buying an additional 1,202 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Jacobs Solutions by 7.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 42,031 shares of the company’s stock worth $5,456,000 after buying an additional 2,836 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Jacobs Solutions by 2.7% during the fourth quarter. Franklin Resources Inc. now owns 27,319 shares of the company’s stock worth $3,546,000 after buying an additional 723 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Stock Performance

Shares of NYSE J opened at $148.64 on Friday. Jacobs Solutions Inc. has a one year low of $120.71 and a one year high of $154.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $18.61 billion, a price-to-earnings ratio of 28.69, a P/E/G ratio of 1.63 and a beta of 0.72. The stock’s fifty day moving average price is $146.13 and its two-hundred day moving average price is $144.13.

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

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, July 26th were given a dividend of $0.29 per share. 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 payout ratio is 22.39%.

Insider Buying and Selling

In related news, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at $3,688,038.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 4,167 shares of the business’s stock in a transaction 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 in the company, valued at approximately $3,688,038.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $139.94, for a total value of $979,580.00. Following the completion of the transaction, the insider now owns 534,138 shares in the company, valued at approximately $74,747,271.72. 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. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on J shares. UBS Group upped their price target on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. StockNews.com lowered shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 15th. Truist Financial reaffirmed a “hold” rating and issued a $158.00 target price (up previously from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. Royal Bank of Canada boosted their price target 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, Robert W. Baird decreased 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. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $161.67.

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.