Bradley Foster & Sargent Inc. CT Sells 336 Shares of Jacobs Solutions Inc. (NYSE:J)

Bradley Foster & Sargent Inc. CT lessened its holdings in Jacobs Solutions Inc. (NYSE:J) by 8.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,529 shares of the company’s stock after selling 336 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Jacobs Solutions were worth $493,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Jump Financial LLC acquired a new position in shares of Jacobs Solutions during the 4th quarter worth about $459,000. Dynamic Technology Lab Private Ltd acquired a new position in Jacobs Solutions during the fourth quarter worth approximately $477,000. BI Asset Management Fondsmaeglerselskab A S raised its stake in Jacobs Solutions by 91.8% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,512 shares of the company’s stock valued at $326,000 after buying an additional 1,202 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Jacobs Solutions by 7.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 42,031 shares of the company’s stock valued at $5,456,000 after buying an additional 2,836 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Jacobs Solutions by 2.7% during the 4th quarter. Franklin Resources Inc. now owns 27,319 shares of the company’s stock worth $3,546,000 after acquiring an additional 723 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insider Buying and Selling at Jacobs Solutions

In other news, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction dated Thursday, August 29th. The shares were 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 owns 42,069 shares of the company’s stock, valued at $6,346,108.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Christopher M.T. Thompson sold 1,898 shares of the company’s stock in a transaction 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 directly owns 42,069 shares in the company, valued at $6,346,108.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 24,564 shares of the company’s stock, valued at $3,688,038.96. The disclosure for this sale can be found here. Insiders have sold a total of 21,516 shares of company stock worth $3,132,273 over the last 90 days. Insiders own 1.00% of the company’s stock.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $149.46 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 stock has a market capitalization of $18.71 billion, a PE ratio of 28.85, a PEG ratio of 1.63 and a beta of 0.72. The firm has a 50 day moving average of $146.04 and a 200-day moving average of $144.12. Jacobs Solutions Inc. has a 12 month low of $120.71 and a 12 month high of $154.50.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, meeting the consensus estimate of $1.96. The business had revenue of $4.23 billion during 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 company’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.82 earnings per share. On average, equities research analysts predict that Jacobs Solutions Inc. will post 7.97 EPS for the current fiscal 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 paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.78%. The ex-dividend date was Friday, July 26th. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. StockNews.com downgraded Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 15th. UBS Group raised their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Truist Financial reiterated a “hold” rating and issued a $158.00 price target (up previously from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. 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. Finally, Royal Bank of Canada boosted their price objective on Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.67.

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.