Amalgamated Bank Grows Position in Jacobs Solutions Inc. (NYSE:J)

Amalgamated Bank lifted its holdings in Jacobs Solutions Inc. (NYSE:J) by 21.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 31,544 shares of the company’s stock after purchasing an additional 5,512 shares during the quarter. Amalgamated Bank’s holdings in Jacobs Solutions were worth $4,407,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. EdgeRock Capital LLC purchased a new position in Jacobs Solutions during the second quarter worth approximately $26,000. Bruce G. Allen Investments LLC boosted its position in shares of Jacobs Solutions by 427.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after purchasing an additional 171 shares during the period. ICA Group Wealth Management LLC acquired a new stake in shares of Jacobs Solutions in the fourth quarter valued at $30,000. Quarry LP grew its position in Jacobs Solutions by 108.9% in the 4th quarter. Quarry LP now owns 305 shares of the company’s stock valued at $40,000 after acquiring an additional 159 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in Jacobs Solutions during the 1st quarter worth approximately $48,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Jacobs Solutions

In other news, SVP William B. Allen, Jr. sold 1,451 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the transaction, the senior vice president now owns 26,699 shares of the company’s stock, valued at $3,911,670.49. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the business’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 sale, the senior vice president now owns 26,699 shares in the company, valued at approximately $3,911,670.49. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Christopher M.T. Thompson sold 1,898 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total transaction of $286,313.30. Following the sale, the director now directly owns 42,069 shares in the company, valued at $6,346,108.65. The disclosure for this sale can be found here. Insiders have sold 21,516 shares of company stock worth $3,132,273 in the last ninety days. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Truist Financial reaffirmed a “hold” rating and issued a $158.00 target price (up previously from $153.00) on shares of Jacobs Solutions in a report on Wednesday, August 7th. Royal Bank of Canada upped their target price on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. StockNews.com cut Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 15th. UBS Group raised their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, 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 report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and an average target price of $161.67.

Jacobs Solutions Stock Down 0.5 %

Shares of Jacobs Solutions stock opened at $148.64 on Friday. Jacobs Solutions Inc. has a twelve month low of $120.71 and a twelve month high of $154.50. The stock has a market cap of $18.61 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 1.63 and a beta of 0.72. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. The company has a fifty day moving average price of $146.13 and a 200 day moving average price of $144.11.

Jacobs Solutions (NYSE:J) last issued its earnings results 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 return on equity of 14.76% and a net margin of 3.72%. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.39 billion. During the same quarter in the prior year, the business earned $1.82 earnings per share. The company’s revenue was up 1.1% compared to the same quarter last year. Equities research analysts forecast that Jacobs Solutions Inc. will post 7.97 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, July 26th were given a dividend of $0.29 per share. The ex-dividend date was Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.78%. Jacobs Solutions’s payout ratio is currently 22.39%.

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.