2,402 Shares in Jacobs Solutions Inc. (NYSE:J) Acquired by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC purchased a new stake in shares of Jacobs Solutions Inc. (NYSE:J) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,402 shares of the company’s stock, valued at approximately $312,000.

A number of other hedge funds also recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Jacobs Solutions by 7.9% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,021 shares of the company’s stock worth $133,000 after buying an additional 75 shares in the last quarter. Private Trust Co. NA grew its position in shares of Jacobs Solutions by 17.8% during the 4th quarter. Private Trust Co. NA now owns 575 shares of the company’s stock worth $75,000 after purchasing an additional 87 shares in the last quarter. Souders Financial Advisors increased its holdings in shares of Jacobs Solutions by 2.3% during the fourth quarter. Souders Financial Advisors now owns 4,351 shares of the company’s stock worth $565,000 after purchasing an additional 96 shares during the period. Pinnacle Financial Partners Inc raised its position in shares of Jacobs Solutions by 4.2% in the fourth quarter. Pinnacle Financial Partners Inc now owns 2,631 shares of the company’s stock valued at $342,000 after buying an additional 105 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in Jacobs Solutions by 21.1% during the third quarter. Parkside Financial Bank & Trust now owns 648 shares of the company’s stock worth $88,000 after buying an additional 113 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insider Activity

In other news, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $229,800.00. Following the completion of the sale, the chief financial officer now owns 233,104 shares of the company’s stock, valued at approximately $35,711,532.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $143.86, for a total transaction of $1,007,020.00. Following the transaction, the insider now directly owns 548,138 shares of the company’s stock, valued at $78,855,132.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $229,800.00. Following the sale, the chief financial officer now owns 233,104 shares of the company’s stock, valued at approximately $35,711,532.80. The disclosure for this sale can be found here. Insiders have sold 24,000 shares of company stock valued at $3,503,195 in the last ninety days. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on J. Citigroup upped their target price on Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Argus boosted their target price on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. StockNews.com lowered shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 13th. Bank of America boosted their price objective on shares of Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Finally, Robert W. Baird decreased their price target on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Jacobs Solutions has a consensus rating of “Moderate Buy” and an average target price of $156.82.

Jacobs Solutions Stock Performance

NYSE J opened at $141.16 on Friday. The company has a market capitalization of $17.67 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 1.62 and a beta of 0.73. Jacobs Solutions Inc. has a twelve month low of $114.09 and a twelve month high of $154.50. The stock has a fifty day simple moving average of $140.84 and a 200 day simple moving average of $139.94. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, May 7th. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.84 by $0.07. The business had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.33 billion. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.81 earnings per share. Sell-side analysts expect that Jacobs Solutions Inc. will post 7.98 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 24th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, May 23rd. Jacobs Solutions’s dividend payout ratio (DPR) is presently 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.