Jacobs Solutions Inc. (NYSE:J) Shares Purchased by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC boosted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 11.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,513 shares of the company’s stock after buying an additional 351 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Jacobs Solutions were worth $491,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in J. EdgeRock Capital LLC acquired a new position in shares of Jacobs Solutions during the second quarter worth about $26,000. Bruce G. Allen Investments LLC increased its position 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 valued at $29,000 after purchasing an additional 171 shares during the last quarter. ICA Group Wealth Management LLC acquired a new stake in shares of Jacobs Solutions in the 4th quarter valued at $30,000. Quarry LP lifted its position in shares of Jacobs Solutions by 108.9% during the 4th quarter. Quarry LP now owns 305 shares of the company’s stock worth $40,000 after purchasing an additional 159 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Jacobs Solutions during the first quarter worth $48,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of J stock opened at $148.34 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $18.57 billion, a PE ratio of 28.64, a P/E/G ratio of 1.63 and a beta of 0.72. Jacobs Solutions Inc. has a 1 year low of $120.71 and a 1 year high of $154.50. The stock has a fifty day moving average price of $146.20 and a 200 day moving average price of $144.09.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, meeting analysts’ consensus estimates of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same period in the prior year, the company earned $1.82 EPS. The firm’s revenue was up 1.1% on a year-over-year basis. Sell-side analysts forecast that Jacobs Solutions Inc. will post 7.97 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently declared 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. 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 22.39%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on J. UBS Group raised their price target on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Robert W. Baird cut their target price on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Truist Financial reaffirmed a “hold” rating and issued a $158.00 price target (up from $153.00) on shares of Jacobs Solutions in a report on Wednesday, August 7th. StockNews.com started coverage on shares of Jacobs Solutions in a report on Tuesday. They set a “buy” rating on the stock. Finally, Royal Bank of Canada boosted their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Jacobs Solutions has a consensus rating of “Moderate Buy” and an average price target of $161.67.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $146.88, for a total transaction of $1,028,160.00. Following the transaction, the insider now owns 527,138 shares in the company, valued at $77,426,029.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction that occurred 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 sale, the insider now owns 527,138 shares in the company, valued at $77,426,029.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Shelette M. Gustafson sold 4,167 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were 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 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 sold a total of 21,516 shares of company stock worth $3,132,273 in the last ninety days. Insiders own 1.00% of the company’s stock.

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.