4,693 Shares in Jacobs Solutions Inc. (NYSE:J) Acquired by Seven Eight Capital LP

Seven Eight Capital LP purchased a new stake in shares of Jacobs Solutions Inc. (NYSE:J) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 4,693 shares of the company’s stock, valued at approximately $656,000.

Other hedge funds also recently modified their holdings of the company. EdgeRock Capital LLC acquired a new stake in shares of Jacobs Solutions in the second quarter valued at $26,000. Bruce G. Allen Investments LLC raised its holdings in shares of Jacobs Solutions by 427.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after purchasing an additional 171 shares in the last quarter. ICA Group Wealth Management LLC acquired a new stake in Jacobs Solutions during the fourth quarter valued at approximately $30,000. Quarry LP grew its position in Jacobs Solutions by 108.9% in the fourth quarter. Quarry LP now owns 305 shares of the company’s stock worth $40,000 after buying an additional 159 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in shares of Jacobs Solutions in the first quarter valued at $48,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

J has been the subject of several research reports. Royal Bank of Canada raised their price objective on Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Robert W. Baird decreased 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. StockNews.com downgraded shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 15th. UBS Group increased their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Finally, Truist Financial reaffirmed a “hold” rating and set a $158.00 target price (up previously from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $161.67.

Jacobs Solutions Trading Down 0.5 %

NYSE:J opened at $148.64 on Friday. The company has a market capitalization of $18.61 billion, a P/E ratio of 28.69, a P/E/G ratio of 1.63 and a beta of 0.72. The stock’s 50 day moving average price is $146.13 and its 200 day moving average price is $144.11. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. Jacobs Solutions Inc. has a 52 week low of $120.71 and a 52 week high of $154.50.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, hitting the consensus estimate of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same quarter in the prior year, the business posted $1.82 EPS. Jacobs Solutions’s quarterly revenue was up 1.1% on a year-over-year basis. On average, research analysts forecast that Jacobs Solutions Inc. will post 7.97 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, July 26th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.78%. Jacobs Solutions’s dividend payout ratio is currently 22.39%.

Insider Transactions at Jacobs Solutions

In related 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 stock was sold at an average price of $146.51, for a total value of $212,586.01. Following the transaction, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Jacobs Solutions 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 transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP William B. Allen, Jr. sold 1,451 shares of the firm’s stock in a transaction dated 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 directly owns 26,699 shares in the company, valued at $3,911,670.49. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,516 shares of company stock worth $3,132,273. 1.00% of the stock is owned by corporate insiders.

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.