Thrivent Financial for Lutherans Grows Stake in Jacobs Solutions Inc. (NYSE:J)

Thrivent Financial for Lutherans boosted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 5,170.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 419,075 shares of the company’s stock after purchasing an additional 411,123 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Jacobs Solutions were worth $58,550,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Capital World Investors raised its holdings in shares of Jacobs Solutions by 0.8% during the 4th quarter. Capital World Investors now owns 6,398,776 shares of the company’s stock worth $830,561,000 after acquiring an additional 49,545 shares in the last quarter. Boston Partners raised its stake in Jacobs Solutions by 27.9% during the first quarter. Boston Partners now owns 3,697,086 shares of the company’s stock valued at $567,436,000 after purchasing an additional 805,657 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Jacobs Solutions by 11.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock valued at $169,366,000 after purchasing an additional 127,605 shares during the last quarter. Epoch Investment Partners Inc. grew its stake in shares of Jacobs Solutions by 20.0% in the 4th quarter. Epoch Investment Partners Inc. now owns 826,336 shares of the company’s stock worth $107,258,000 after buying an additional 137,604 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Jacobs Solutions by 12.0% in the 2nd quarter. American Century Companies Inc. now owns 632,868 shares of the company’s stock worth $88,418,000 after buying an additional 67,821 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Performance

J stock opened at $148.64 on Monday. Jacobs Solutions Inc. has a twelve month low of $120.71 and a twelve month high of $154.50. The firm has a market cap of $18.61 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 1.63 and a beta of 0.72. The business’s fifty day simple moving average is $146.13 and its two-hundred day simple moving average is $144.09. 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 results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, hitting the consensus estimate of $1.96. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.82 EPS. Analysts predict that Jacobs Solutions Inc. will post 7.97 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, July 26th were issued a $0.29 dividend. 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 22.39%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on J. Truist Financial reaffirmed a “hold” rating and issued a $158.00 price target (up previously from $153.00) on shares of Jacobs Solutions in a report on Wednesday, August 7th. Robert W. Baird lowered their price objective on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. UBS Group boosted their target price on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. StockNews.com lowered Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 15th. Finally, Royal Bank of Canada lifted their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $161.67.

Insider Buying and Selling

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the completion of the sale, the director now directly owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.85, for a total transaction of $286,313.30. Following the transaction, the director now directly owns 42,069 shares in the company, valued at approximately $6,346,108.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 534,138 shares of the company’s stock, valued at approximately $74,747,271.72. The disclosure for this sale can be found here. Insiders have sold a total of 21,516 shares of company stock valued at $3,132,273 over the last quarter. 1.00% of the stock is owned by corporate insiders.

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.