Waters Parkerson & CO. LLC Acquires 2,429 Shares of Jacobs Solutions Inc. (NYSE:J)

Waters Parkerson & CO. LLC lifted its holdings in Jacobs Solutions Inc. (NYSE:J) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 204,699 shares of the company’s stock after purchasing an additional 2,429 shares during the period. Jacobs Solutions accounts for about 1.5% of Waters Parkerson & CO. LLC’s investment portfolio, making the stock its 25th biggest holding. Waters Parkerson & CO. LLC owned approximately 0.16% of Jacobs Solutions worth $28,598,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of J. Capital World Investors boosted its position in Jacobs Solutions by 0.8% during the fourth quarter. Capital World Investors now owns 6,398,776 shares of the company’s stock worth $830,561,000 after purchasing an additional 49,545 shares during the period. Boston Partners lifted its stake in shares of Jacobs Solutions by 27.9% in the first quarter. Boston Partners now owns 3,697,086 shares of the company’s stock worth $567,436,000 after buying an additional 805,657 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Jacobs Solutions by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock worth $169,366,000 after buying an additional 127,605 shares during the period. Epoch Investment Partners Inc. grew its stake in Jacobs Solutions by 20.0% in the 4th quarter. Epoch Investment Partners Inc. now owns 826,336 shares of the company’s stock valued at $107,258,000 after buying an additional 137,604 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Jacobs Solutions by 12.0% in the 2nd quarter. American Century Companies Inc. now owns 632,868 shares of the company’s stock worth $88,418,000 after acquiring an additional 67,821 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Stock Up 2.7 %

Shares of J stock opened at $149.46 on Friday. The stock has a market cap of $18.71 billion, a P/E ratio of 28.85, 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 current ratio of 1.14 and a quick ratio of 1.14. The stock has a fifty day moving average price of $146.04 and a 200 day moving average price of $144.12. Jacobs Solutions Inc. has a one year low of $120.71 and a one year high of $154.50.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, meeting 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 net margin of 3.72% and a return on equity of 14.76%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.82 earnings per share. Analysts predict that Jacobs Solutions Inc. will post 7.97 earnings per share for the current year.

Jacobs Solutions Announces Dividend

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

Insider Activity at Jacobs Solutions

In other news, Director Christopher M.T. Thompson sold 1,898 shares of the business’s 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 sale, the director now owns 42,069 shares in the company, valued at approximately $6,346,108.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.94, for a total transaction of $979,580.00. Following the sale, the insider now directly owns 534,138 shares in the company, valued at approximately $74,747,271.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions 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 completion of the transaction, the director now owns 42,069 shares of the company’s stock, valued at approximately $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 owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Truist Financial restated a “hold” rating and set a $158.00 price target (up from $153.00) on shares of Jacobs Solutions in a report on Wednesday, August 7th. StockNews.com downgraded Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 15th. UBS Group raised their target price on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Royal Bank of Canada upped their price target on Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, Robert W. Baird lowered their price objective on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Jacobs Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $161.67.

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.