Dimensional Fund Advisors LP Purchases 127,605 Shares of Jacobs Solutions Inc. (NYSE:J)

Dimensional Fund Advisors LP boosted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 11.8% 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 1,212,285 shares of the company’s stock after acquiring an additional 127,605 shares during the period. Dimensional Fund Advisors LP owned about 0.97% of Jacobs Solutions worth $169,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in J. EdgeRock Capital LLC purchased a new stake in shares of Jacobs Solutions during the 2nd quarter worth $26,000. Bruce G. Allen Investments LLC lifted its position 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 buying an additional 171 shares during the last quarter. ICA Group Wealth Management LLC bought a new stake in shares of Jacobs Solutions in the 4th quarter valued at about $30,000. Quarry LP grew its position in shares of Jacobs Solutions by 108.9% in the 4th quarter. Quarry LP now owns 305 shares of the company’s stock worth $40,000 after buying an additional 159 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in shares of Jacobs Solutions during the 1st quarter worth approximately $48,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insider Activity at Jacobs Solutions

In related news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction 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 directly owns 534,138 shares in the company, valued at approximately $74,747,271.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction dated Monday, July 1st. The stock was 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christopher M.T. Thompson sold 1,898 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the transaction, the director now directly owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,516 shares of company stock worth $3,132,273. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $148.64 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 current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. The company has a market cap of $18.61 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 1.63 and a beta of 0.72. The company’s 50 day moving average is $146.13 and its 200 day moving average is $144.13.

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

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, July 26th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Friday, July 26th. Jacobs Solutions’s dividend payout ratio (DPR) is 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.