Jacobs Solutions Inc. (NYSE:J) Shares Acquired by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. raised its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 4.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 144,856 shares of the company’s stock after acquiring an additional 6,805 shares during the period. Westwood Holdings Group Inc. owned approximately 0.12% of Jacobs Solutions worth $20,238,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. EdgeRock Capital LLC acquired a new stake in Jacobs Solutions during the 2nd quarter valued at approximately $26,000. Bruce G. Allen Investments LLC boosted its holdings in Jacobs Solutions by 427.5% during the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after buying an additional 171 shares in the last quarter. ICA Group Wealth Management LLC acquired a new stake in Jacobs Solutions during the fourth quarter valued at $30,000. Quarry LP grew its position in Jacobs Solutions by 108.9% during the fourth quarter. Quarry LP now owns 305 shares of the company’s stock valued at $40,000 after buying an additional 159 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new stake in Jacobs Solutions during the first quarter valued at $48,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

J has been the topic of a number of analyst reports. Truist Financial restated 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. StockNews.com cut Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 15th. UBS Group raised their target price on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Robert W. Baird dropped their target price on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada raised their target price on Jacobs Solutions from $161.00 to $167.00 and gave the company 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 company. According to data from MarketBeat, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $161.67.

Jacobs Solutions Trading Down 0.5 %

Shares of Jacobs Solutions stock opened at $148.64 on Friday. The stock has a market cap of $18.61 billion, a P/E ratio of 28.69, a P/E/G ratio of 1.63 and a beta of 0.72. The stock’s 50 day simple moving average is $146.13 and its 200-day simple moving average is $144.11. Jacobs Solutions Inc. has a 1-year low of $120.71 and a 1-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.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, hitting the consensus estimate of $1.96. The business had revenue of $4.23 billion for 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 business’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 firm posted $1.82 EPS. Analysts predict that Jacobs Solutions Inc. will post 7.97 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Friday, July 26th. Jacobs Solutions’s dividend payout ratio is currently 22.39%.

Insider Transactions at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions 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 sale, the insider now owns 534,138 shares of the company’s stock, valued at approximately $74,747,271.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other 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 transaction of $212,586.01. Following 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 filing with the SEC, which can be accessed through this link. Also, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions 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 sale, the insider now directly owns 534,138 shares in the company, valued at approximately $74,747,271.72. The disclosure for this sale can be found here. Insiders have sold a total of 21,516 shares of company stock worth $3,132,273 in the last ninety days. Insiders own 1.00% of the company’s stock.

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.