Jacobs Solutions Inc. (NYSE:J) Shares Sold by Baupost Group LLC MA

Baupost Group LLC MA decreased its position in shares of Jacobs Solutions Inc. (NYSE:J) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 494,218 shares of the company’s stock after selling 12,568 shares during the period. Jacobs Solutions accounts for approximately 1.9% of Baupost Group LLC MA’s portfolio, making the stock its 17th biggest holding. Baupost Group LLC MA owned about 0.39% of Jacobs Solutions worth $69,047,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in J. Jump Financial LLC purchased a new stake in shares of Jacobs Solutions in the fourth quarter valued at about $459,000. Dynamic Technology Lab Private Ltd acquired a new stake in Jacobs Solutions during the 4th quarter worth approximately $477,000. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Jacobs Solutions by 91.8% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,512 shares of the company’s stock valued at $326,000 after purchasing an additional 1,202 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Jacobs Solutions by 7.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 42,031 shares of the company’s stock valued at $5,456,000 after purchasing an additional 2,836 shares during the period. Finally, Franklin Resources Inc. increased its holdings in shares of Jacobs Solutions by 2.7% in the fourth quarter. Franklin Resources Inc. now owns 27,319 shares of the company’s stock valued at $3,546,000 after purchasing an additional 723 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Trading Down 0.5 %

NYSE:J opened at $148.64 on Friday. Jacobs Solutions Inc. has a 52-week low of $120.71 and a 52-week 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 fifty day simple moving average of $146.13 and a 200-day simple moving average of $144.13. The company has a market capitalization 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.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, hitting 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 quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.82 EPS. On average, equities research analysts expect that Jacobs Solutions Inc. will post 7.97 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently disclosed 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. This represents a $1.16 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Friday, July 26th. Jacobs Solutions’s dividend payout ratio is presently 22.39%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Truist Financial reiterated 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. UBS Group boosted their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Royal Bank of Canada raised their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. StockNews.com cut Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 15th. Finally, Robert W. Baird reduced their price target 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $161.67.

Insider Activity at Jacobs Solutions

In related news, insider Steven J. Demetriou sold 7,000 shares of the company’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 transaction of $979,580.00. Following the transaction, the insider now owns 534,138 shares of the company’s stock, valued at $74,747,271.72. The sale 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, 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 directly owns 534,138 shares in the company, valued at $74,747,271.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher M.T. Thompson sold 1,898 shares of the firm’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 sale, 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. In the last quarter, insiders sold 21,516 shares of company stock valued at $3,132,273. 1.00% of the stock is owned by insiders.

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.