Jacobs Solutions Inc. (NYSE:J) Shares Sold by PFG Investments LLC

PFG Investments LLC reduced its holdings in Jacobs Solutions Inc. (NYSE:J) by 6.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,863 shares of the company’s stock after selling 120 shares during the quarter. PFG Investments LLC’s holdings in Jacobs Solutions were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. EdgeRock Capital LLC purchased a new stake in Jacobs Solutions during the second quarter valued at about $26,000. Bruce G. Allen Investments LLC grew its position in Jacobs Solutions by 427.5% during the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after acquiring an additional 171 shares during the period. ICA Group Wealth Management LLC purchased a new stake in Jacobs Solutions during the fourth quarter valued at about $30,000. Union Savings Bank grew its position in Jacobs Solutions by 78.1% during the fourth quarter. Union Savings Bank now owns 285 shares of the company’s stock valued at $37,000 after acquiring an additional 125 shares during the period. Finally, 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 acquiring an additional 159 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on J shares. Robert W. Baird lowered their price target on 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 reaffirmed a “hold” rating and issued a $158.00 target price (up previously from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. StockNews.com downgraded Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 15th. UBS Group upped their target price on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada upped their target price on Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $160.40.

Jacobs Solutions Trading Up 1.0 %

Shares of NYSE J opened at $143.96 on Friday. The stock’s 50 day moving average price is $145.42 and its two-hundred day moving average price is $144.14. Jacobs Solutions Inc. has a 52-week low of $120.71 and a 52-week high of $154.50. The stock has a market capitalization of $18.03 billion, a P/E ratio of 27.79, a PEG ratio of 1.63 and a beta of 0.72. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, hitting analysts’ consensus estimates 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 quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.82 EPS. On average, analysts anticipate that Jacobs Solutions Inc. will post 7.97 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

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 yield of 0.81%. The ex-dividend date was Friday, July 26th. Jacobs Solutions’s dividend payout ratio (DPR) is 22.39%.

Insider Buying and Selling

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

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.