Vanguard Personalized Indexing Management LLC Grows Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Vanguard Personalized Indexing Management LLC increased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 6.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,422 shares of the company’s stock after purchasing an additional 673 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Jacobs Solutions were worth $1,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in J. EdgeRock Capital LLC purchased a new stake in Jacobs Solutions in the 2nd quarter worth approximately $26,000. Bruce G. Allen Investments LLC lifted its stake in shares of Jacobs Solutions by 427.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares during the period. ICA Group Wealth Management LLC purchased a new stake in Jacobs Solutions during the fourth quarter worth $30,000. Quarry LP boosted its holdings in Jacobs Solutions by 108.9% during the fourth quarter. Quarry LP now owns 305 shares of the company’s stock worth $40,000 after buying an additional 159 shares in the last quarter. 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

A number of research analysts have weighed in on J shares. Robert W. Baird decreased their price objective on shares of 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 restated 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 increased 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. StockNews.com lowered shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 15th. Finally, Royal Bank of Canada increased their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $161.67.

Insiders Place Their Bets

In other news, EVP Shelette M. Gustafson sold 4,167 shares of the business’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 value of $625,633.38. Following the sale, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at approximately $3,688,038.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total value of $625,633.38. Following the completion of the sale, 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 Securities & Exchange Commission, which is available at this link. Also, 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 sale, 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 a total of 21,516 shares of company stock valued at $3,132,273 over the last quarter. 1.00% of the stock is owned by insiders.

Jacobs Solutions Stock Down 0.5 %

J stock opened at $148.64 on Friday. 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 firm has a 50-day moving average of $146.13 and a two-hundred day moving average of $144.11. Jacobs Solutions Inc. has a 12 month low of $120.71 and a 12 month high of $154.50. The company has a market cap of $18.61 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 1.63 and a beta of 0.72.

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 analysts’ consensus estimates of $1.96. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.39 billion. During the same period last year, the company earned $1.82 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, analysts forecast that Jacobs Solutions Inc. will post 7.97 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, July 26th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $1.16 annualized dividend and a yield of 0.78%. 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.