EP Wealth Advisors LLC Raises Holdings in Jacobs Solutions Inc. (NYSE:J)

EP Wealth Advisors LLC boosted its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 43.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,075 shares of the company’s stock after acquiring an additional 626 shares during the quarter. EP Wealth Advisors LLC’s holdings in Jacobs Solutions were worth $290,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its stake in shares of Jacobs Solutions by 7.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 42,031 shares of the company’s stock worth $5,456,000 after acquiring an additional 2,836 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in Jacobs Solutions by 8.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 139,469 shares of the company’s stock valued at $21,441,000 after acquiring an additional 10,542 shares during the period. Tower Research Capital LLC TRC increased its holdings in Jacobs Solutions by 90.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 18,623 shares of the company’s stock worth $2,417,000 after acquiring an additional 8,848 shares in the last quarter. Armstrong Henry H Associates Inc. purchased a new position in Jacobs Solutions during the first quarter valued at $2,626,000. Finally, Russell Investments Group Ltd. grew its position in shares of Jacobs Solutions by 305.4% in the first quarter. Russell Investments Group Ltd. now owns 182,135 shares of the company’s stock valued at $27,910,000 after purchasing an additional 137,213 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Jacobs Solutions 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 sale, the senior vice president now owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the firm’s 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 transaction, the senior vice president now owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Shelette M. Gustafson sold 4,167 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at $3,688,038.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,516 shares of company stock worth $2,152,693. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on J. Royal Bank of Canada raised their price objective on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. UBS Group raised their price target 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. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research note on Friday. Robert W. Baird decreased their target price 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. Finally, StockNews.com assumed coverage on Jacobs Solutions in a research report on Wednesday. They issued a “buy” rating for the company. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Jacobs Solutions has an average rating of “Moderate Buy” and a consensus price target of $161.50.

Jacobs Solutions Trading Up 0.8 %

NYSE J opened at $140.04 on Friday. 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 firm has a market cap of $17.53 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 1.70 and a beta of 0.72. The firm has a 50 day simple moving average of $145.39 and a 200-day simple moving average of $143.83. Jacobs Solutions Inc. has a one year low of $120.71 and a one year high of $156.31.

Jacobs Solutions (NYSE:J) last posted its quarterly 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. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same quarter last year, the company earned $1.82 EPS. Jacobs Solutions’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities research analysts anticipate that Jacobs Solutions Inc. will post 7.98 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.83%. Jacobs Solutions’s dividend payout ratio is currently 22.39%.

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.