Jacobs Solutions Inc. (NYSE:J) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 196.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 22,607 shares of the company’s stock after acquiring an additional 14,982 shares during the period. Intech Investment Management LLC’s holdings in Jacobs Solutions were worth $3,158,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in J. PNC Financial Services Group Inc. raised its stake in Jacobs Solutions by 7.2% in the 4th 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 last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of 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 worth $21,441,000 after buying an additional 10,542 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Jacobs Solutions by 90.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 18,623 shares of the company’s stock worth $2,417,000 after acquiring an additional 8,848 shares during the last quarter. Armstrong Henry H Associates Inc. purchased a new stake in Jacobs Solutions during the 1st quarter valued at about $2,626,000. Finally, Russell Investments Group Ltd. raised its holdings in 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 last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Down 0.5 %

Jacobs Solutions stock opened at $148.64 on Monday. 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. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. Jacobs Solutions Inc. has a fifty-two week low of $120.71 and a fifty-two week high of $154.50. The firm has a 50 day moving average price of $146.13 and a 200 day moving average price of $144.09.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.96. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.39 billion. During the same quarter in the previous year, the business earned $1.82 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. Research analysts expect that Jacobs Solutions Inc. will post 7.97 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, July 26th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Friday, July 26th. Jacobs Solutions’s dividend payout ratio (DPR) is currently 22.39%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on J. StockNews.com cut Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 15th. Royal Bank of Canada upped their target price on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Truist Financial reiterated a “hold” rating and set a $158.00 price target (up previously from $153.00) on shares of Jacobs Solutions in a report on Wednesday, August 7th. UBS Group upped their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Finally, Robert W. Baird cut 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. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $161.67.

Insider Buying and Selling

In other Jacobs Solutions 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 owns 534,138 shares in the company, valued at $74,747,271.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total transaction of $286,313.30. Following the completion of the transaction, the director now owns 42,069 shares in the company, valued at approximately $6,346,108.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of the 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 completion of the sale, the insider now directly owns 534,138 shares in the company, valued at $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 valued at $3,132,273 in the last ninety days. Company insiders own 1.00% of the company’s stock.

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.