Jacobs Solutions Inc. (NYSE:J) Shares Acquired by Evergreen Capital Management LLC

Evergreen Capital Management LLC lifted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 250.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 63,272 shares of the company’s stock after purchasing an additional 45,204 shares during the quarter. Evergreen Capital Management LLC owned about 0.05% of Jacobs Solutions worth $8,840,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. 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 purchasing an additional 2,836 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Jacobs Solutions by 8.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 139,469 shares of the company’s stock valued at $21,441,000 after buying an additional 10,542 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Jacobs Solutions by 90.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 18,623 shares of the company’s stock valued at $2,417,000 after acquiring an additional 8,848 shares during the period. Armstrong Henry H Associates Inc. purchased a new position in shares of Jacobs Solutions during the first quarter worth approximately $2,626,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Jacobs Solutions by 305.4% in the 1st quarter. Russell Investments Group Ltd. now owns 182,135 shares of the company’s stock valued at $27,910,000 after acquiring an additional 137,213 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on J shares. UBS Group raised their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Royal Bank of Canada boosted their price target on 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. 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 report on Wednesday, August 7th. Finally, Truist Financial restated a “hold” rating and set a $158.00 price target (up previously from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $161.67.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, 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 transaction, the director now directly owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.14, for a total value of $625,633.38. Following the transaction, the executive vice president now directly owns 24,564 shares in the company, valued at $3,688,038.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction that occurred on 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 in the company, valued at $6,346,108.65. The disclosure for this sale can be found here. Insiders have sold a total of 21,516 shares of company stock valued at $3,132,273 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Jacobs Solutions Trading Down 0.5 %

Jacobs Solutions stock opened at $148.64 on Monday. Jacobs Solutions Inc. has a 12-month low of $120.71 and a 12-month 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 stock 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. The firm has a 50 day simple moving average of $146.13 and a 200-day simple moving average of $144.09.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, hitting analysts’ consensus estimates of $1.96. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.82 EPS. As a group, equities research analysts expect that Jacobs Solutions Inc. will post 7.97 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders 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 dividend on an annualized basis and a yield of 0.78%. Jacobs Solutions’s payout ratio is presently 22.39%.

Jacobs Solutions Company 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.