Jacobs Solutions Inc. (NYSE:J) Insider Steven J. Demetriou Sells 7,000 Shares

Jacobs Solutions Inc. (NYSE:J) insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $139.94, for a total transaction of $979,580.00. Following the completion of the transaction, the insider now owns 534,138 shares of the company’s stock, valued at $74,747,271.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Jacobs Solutions Trading Up 0.5 %

Shares of Jacobs Solutions stock opened at $138.47 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. Jacobs Solutions Inc. has a 1 year low of $118.81 and a 1 year high of $154.50. The firm has a market cap of $17.34 billion, a PE ratio of 26.73, a PEG ratio of 1.59 and a beta of 0.70. The company has a 50 day simple moving average of $140.02 and a two-hundred day simple moving average of $140.73.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.07. The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.33 billion. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.81 EPS. Analysts expect that Jacobs Solutions Inc. will post 7.98 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, May 24th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, May 23rd. This represents a $1.16 annualized dividend and a dividend yield of 0.84%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.

Hedge Funds Weigh In On Jacobs Solutions

A number of large investors have recently modified their holdings of J. Boston Partners lifted its holdings in shares of Jacobs Solutions by 268.4% in the 4th quarter. Boston Partners now owns 2,891,429 shares of the company’s stock worth $375,623,000 after acquiring an additional 2,106,589 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Jacobs Solutions by 134.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,658,049 shares of the company’s stock worth $215,215,000 after purchasing an additional 951,369 shares during the period. Ceredex Value Advisors LLC lifted its stake in Jacobs Solutions by 117.2% in the fourth quarter. Ceredex Value Advisors LLC now owns 615,289 shares of the company’s stock worth $79,865,000 after purchasing an additional 332,053 shares during the last quarter. Panagora Asset Management Inc. boosted its position in Jacobs Solutions by 14,897.6% during the fourth quarter. Panagora Asset Management Inc. now owns 321,548 shares of the company’s stock valued at $41,737,000 after buying an additional 319,404 shares during the period. Finally, Baupost Group LLC MA grew its stake in shares of Jacobs Solutions by 49.2% during the fourth quarter. Baupost Group LLC MA now owns 727,786 shares of the company’s stock valued at $94,467,000 after buying an additional 240,000 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

J has been the subject of a number of analyst reports. Argus raised their price target on Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Truist Financial dropped their price objective on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th. Citigroup lifted their target price on Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a report on Monday, April 22nd. 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 report on Wednesday, May 8th. Finally, William Blair lowered shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions presently has an average rating of “Moderate Buy” and an average price target of $156.82.

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.