Jacobs Solutions Inc. (NYSE:J) Shares Acquired by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lifted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,626 shares of the company’s stock after purchasing an additional 1,279 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Jacobs Solutions were worth $4,143,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. EdgeRock Capital LLC acquired a new stake in shares of Jacobs Solutions during the 2nd quarter worth about $26,000. Bruce G. Allen Investments LLC boosted 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 worth $29,000 after acquiring an additional 171 shares during the last quarter. ICA Group Wealth Management LLC purchased a new stake in Jacobs Solutions in the 4th quarter worth approximately $30,000. Quarry LP grew its stake in Jacobs Solutions by 108.9% in the 4th quarter. Quarry LP now owns 305 shares of the company’s stock worth $40,000 after acquiring an additional 159 shares during the period. Finally, LRI Investments LLC acquired a new position in Jacobs Solutions in the 1st quarter valued at $48,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Down 0.5 %

Shares of Jacobs Solutions stock opened at $148.64 on Friday. Jacobs Solutions Inc. has a twelve month low of $120.71 and a twelve month high of $154.50. The stock has a market cap of $18.61 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 1.63 and a beta of 0.72. 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 company has a fifty day moving average price of $146.13 and a 200 day moving average price of $144.11.

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

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, July 26th were paid a $0.29 dividend. 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%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Truist Financial reaffirmed a “hold” rating and issued a $158.00 price objective (up previously from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. 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 increased their price objective 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. UBS Group boosted their target price 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 target 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 investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $161.67.

Insider Activity at Jacobs Solutions

In other news, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions 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 directly owns 26,699 shares of the company’s stock, valued at $3,911,670.49. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, SVP William B. Allen, Jr. sold 1,451 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction of $212,586.01. Following the completion of the sale, the senior vice president now owns 26,699 shares of the company’s stock, valued at $3,911,670.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $146.88, for a total transaction of $1,028,160.00. Following the completion of the sale, the insider now directly owns 527,138 shares in the company, valued at $77,426,029.44. The disclosure for this sale can be found here. In the last three months, insiders sold 21,516 shares of company stock valued at $3,132,273. Corporate insiders own 1.00% of the company’s stock.

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.