Cape ANN Savings Bank Acquires 168 Shares of Jacobs Solutions Inc. (NYSE:J)

Cape ANN Savings Bank raised its holdings in Jacobs Solutions Inc. (NYSE:J) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,124 shares of the company’s stock after purchasing an additional 168 shares during the period. Cape ANN Savings Bank’s holdings in Jacobs Solutions were worth $933,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. EdgeRock Capital LLC acquired a new stake in shares of Jacobs Solutions during the 2nd quarter worth $26,000. Bruce G. Allen Investments LLC grew its stake 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. Quarry LP increased its holdings in Jacobs Solutions by 108.9% in the 4th 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. LRI Investments LLC acquired a new position in shares of Jacobs Solutions in the 1st quarter valued at approximately $48,000. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Jacobs Solutions in the 1st quarter valued at approximately $48,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insider Transactions at Jacobs Solutions

In related news, SVP William B. Allen, Jr. sold 1,451 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was 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 in the company, valued at $3,911,670.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction on Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the sale, the senior vice president now owns 26,699 shares in the company, valued at $3,911,670.49. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the transaction, the director now directly owns 42,069 shares in the company, valued at approximately $6,346,108.65. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,516 shares of company stock valued at $2,152,693. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

J has been the topic of several analyst reports. Robert W. Baird reduced their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. UBS Group boosted their price target on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Truist Financial restated a “hold” rating and set a $158.00 price objective (up from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. StockNews.com started coverage on shares of Jacobs Solutions in a report on Wednesday, October 2nd. They set a “buy” rating on the stock. Finally, Royal Bank of Canada upped their price target on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $161.50.

Jacobs Solutions Price Performance

Shares of J opened at $137.35 on Wednesday. The business has a 50-day moving average of $145.24 and a 200-day moving average of $143.64. Jacobs Solutions Inc. has a 1 year low of $120.71 and a 1 year high of $156.31. The company has a market capitalization of $17.20 billion, a price-to-earnings ratio of 26.42, a price-to-earnings-growth ratio of 1.70 and a beta of 0.72. 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 quarterly 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 net margin of 3.72% and a return on equity of 14.76%. 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 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, equities research analysts anticipate that Jacobs Solutions Inc. will post 7.98 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 0.84%. Jacobs Solutions’s payout ratio is currently 22.39%.

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.