Short Interest in Jacobs Solutions Inc. (NYSE:J) Increases By 5.1%

Jacobs Solutions Inc. (NYSE:J) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totalling 1,440,000 shares, an increase of 5.1% from the May 31st total of 1,370,000 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 622,200 shares, the short-interest ratio is currently 2.3 days.

Insider Buying and Selling at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.94, for a total value of $979,580.00. Following the sale, the insider now directly owns 534,138 shares in the company, valued at approximately $74,747,271.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.94, for a total value of $979,580.00. Following the sale, the insider now directly owns 534,138 shares in the company, valued at approximately $74,747,271.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $145.31, for a total value of $217,965.00. Following the completion of the sale, the chief financial officer now owns 231,604 shares in the company, valued at $33,654,377.24. The disclosure for this sale can be found here. Insiders sold a total of 22,500 shares of company stock valued at $3,180,575 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Jacobs Solutions

Several hedge funds have recently added to or reduced their stakes in J. Boston Partners raised its stake in Jacobs Solutions by 268.4% during the 4th quarter. Boston Partners now owns 2,891,429 shares of the company’s stock worth $375,623,000 after buying an additional 2,106,589 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Jacobs Solutions by 134.6% during 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 in the last quarter. Ceredex Value Advisors LLC increased its holdings in Jacobs Solutions by 117.2% during the 4th 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 in the last quarter. Panagora Asset Management Inc. increased its holdings in Jacobs Solutions by 14,897.6% during the 4th quarter. Panagora Asset Management Inc. now owns 321,548 shares of the company’s stock worth $41,737,000 after purchasing an additional 319,404 shares in the last quarter. Finally, Baupost Group LLC MA increased its holdings in Jacobs Solutions by 49.2% during the 4th quarter. Baupost Group LLC MA now owns 727,786 shares of the company’s stock worth $94,467,000 after purchasing an additional 240,000 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

J stock opened at $138.47 on Thursday. The business’s fifty day moving average is $140.02 and its 200-day moving average is $140.73. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The company has a market cap of $17.34 billion, a P/E ratio of 26.73, a price-to-earnings-growth ratio of 1.61 and a beta of 0.70. Jacobs Solutions has a twelve month low of $118.81 and a twelve month high of $154.50.

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

Jacobs Solutions Announces Dividend

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

Analyst Ratings Changes

J has been the topic of a number of research analyst reports. StockNews.com lowered Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 22nd. Argus increased their price target on Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Bank of America increased their price target on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Citigroup increased their price target on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, Truist Financial decreased their price target on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $156.82.

Jacobs Solutions Company 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.