Mount Yale Investment Advisors LLC Boosts Stock Position in Jacobs Solutions Inc. (NYSE:J)

Mount Yale Investment Advisors LLC grew its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 11.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,513 shares of the company’s stock after buying an additional 351 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Jacobs Solutions were worth $491,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in J. Franklin Resources Inc. lifted its position in shares of Jacobs Solutions by 2.7% during the fourth quarter. Franklin Resources Inc. now owns 27,319 shares of the company’s stock worth $3,546,000 after purchasing an additional 723 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Jacobs Solutions by 12.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,847 shares of the company’s stock worth $2,966,000 after buying an additional 2,527 shares during the last quarter. US Bancorp DE lifted its holdings in Jacobs Solutions by 2.1% during the 4th quarter. US Bancorp DE now owns 46,297 shares of the company’s stock worth $6,009,000 after buying an additional 955 shares during the last quarter. Commerce Bank grew its position in shares of Jacobs Solutions by 1.7% in the 4th quarter. Commerce Bank now owns 8,374 shares of the company’s stock worth $1,087,000 after acquiring an additional 137 shares in the last quarter. Finally, Advisory Services Network LLC increased its holdings in shares of Jacobs Solutions by 2.7% in the 4th quarter. Advisory Services Network LLC now owns 6,408 shares of the company’s stock valued at $832,000 after acquiring an additional 168 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insider Buying and Selling

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $146.88, for a total transaction of $1,028,160.00. Following the transaction, the insider now owns 527,138 shares of the company’s stock, valued at approximately $77,426,029.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Christopher M.T. Thompson sold 1,898 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the sale, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $146.88, for a total value of $1,028,160.00. Following the transaction, the insider now directly owns 527,138 shares of the company’s stock, valued at approximately $77,426,029.44. The disclosure for this sale can be found here. Insiders sold 21,516 shares of company stock valued at $3,132,273 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $148.34 on Tuesday. The firm’s 50 day moving average is $146.20 and its two-hundred day moving average is $144.09. The firm has a market capitalization of $18.57 billion, a P/E ratio of 28.64, a PEG 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. Jacobs Solutions Inc. has a 52 week low of $120.71 and a 52 week high of $154.50.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, meeting the consensus estimate of $1.96. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the firm earned $1.82 EPS. Analysts anticipate that Jacobs Solutions Inc. will post 7.97 earnings per share for the current year.

Jacobs Solutions Announces Dividend

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

Analyst Upgrades and Downgrades

J has been the subject of a number of research reports. Truist Financial reaffirmed a “hold” rating and issued a $158.00 price objective (up previously from $153.00) on shares of Jacobs Solutions in a report on Wednesday, August 7th. Robert W. Baird decreased their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Royal Bank of Canada boosted their price objective on shares of 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 initiated coverage on shares of Jacobs Solutions in a report on Tuesday. They issued a “buy” rating on the stock. Finally, UBS Group increased their price target on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $161.67.

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.