Jacobs Solutions Inc. (NYSE:J) EVP Shelette M. Gustafson Sells 4,167 Shares

Jacobs Solutions Inc. (NYSE:J) EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at $3,688,038.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $147.15 on Wednesday. The business has a 50-day simple moving average of $144.60 and a 200 day simple moving average of $144.26. Jacobs Solutions Inc. has a 52 week low of $120.71 and a 52 week high of $154.50. The stock has a market cap of $18.28 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 1.73 and a beta of 0.70. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, hitting the consensus estimate of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The company 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 business earned $1.82 earnings per share. Jacobs Solutions’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, research analysts forecast that Jacobs Solutions Inc. will post 7.97 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, July 26th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Friday, July 26th. Jacobs Solutions’s dividend payout ratio is currently 22.39%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Boston Partners grew its holdings in shares of Jacobs Solutions by 268.4% during the 4th quarter. Boston Partners now owns 2,891,429 shares of the company’s stock valued at $375,623,000 after purchasing an additional 2,106,589 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of 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. Thrivent Financial for Lutherans raised its stake in Jacobs Solutions by 5,170.1% in the second quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock worth $58,550,000 after buying an additional 411,123 shares in the last quarter. Panagora Asset Management Inc. boosted its position 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 valued at $41,737,000 after acquiring an additional 319,404 shares in the last quarter. Finally, Corient Private Wealth LLC grew its holdings in shares of Jacobs Solutions by 63.1% during the 4th quarter. Corient Private Wealth LLC now owns 566,841 shares of the company’s stock worth $73,576,000 after acquiring an additional 219,221 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on J. Robert W. Baird dropped their price objective on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada upped their price target on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. William Blair lowered Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. StockNews.com cut Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 15th. Finally, Truist Financial restated a “hold” rating and set a $158.00 target price (up previously from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. Six 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $160.40.

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.