Jacobs Solutions Inc. (NYSE:J) Shares Sold by Axa S.A.

Axa S.A. decreased its holdings in Jacobs Solutions Inc. (NYSE:J) by 57.4% in the second quarter, Holdings Channel reports. The firm owned 37,044 shares of the company’s stock after selling 49,949 shares during the period. Axa S.A.’s holdings in Jacobs Solutions were worth $5,175,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tlwm increased its stake in Jacobs Solutions by 1.2% during the 2nd quarter. Tlwm now owns 6,046 shares of the company’s stock valued at $845,000 after purchasing an additional 74 shares in the last quarter. Hudson Edge Investment Partners Inc. increased its position in shares of Jacobs Solutions by 1.4% in the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock valued at $834,000 after acquiring an additional 82 shares during the period. American National Bank raised its stake in Jacobs Solutions by 1.4% in the 2nd quarter. American National Bank now owns 6,488 shares of the company’s stock worth $906,000 after acquiring an additional 88 shares during the last quarter. Global Financial Private Client LLC grew its stake in Jacobs Solutions by 2.6% during the 2nd quarter. Global Financial Private Client LLC now owns 3,944 shares of the company’s stock valued at $551,000 after purchasing an additional 100 shares during the last quarter. Finally, Gabelli Funds LLC increased its holdings in shares of Jacobs Solutions by 6.9% in the second quarter. Gabelli Funds LLC now owns 1,550 shares of the company’s stock valued at $217,000 after purchasing an additional 100 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Up 0.6 %

Shares of NYSE J opened at $155.53 on Friday. The stock has a market cap of $19.47 billion, a PE ratio of 30.03, a P/E/G ratio of 1.70 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 12-month low of $120.71 and a 12-month high of $156.31. The company has a 50-day moving average of $146.56 and a 200 day moving average of $144.27.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.96. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.39 billion. During the same period in the prior year, the business earned $1.82 earnings per share. The business’s revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts predict that Jacobs Solutions Inc. will post 7.98 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.75%. Jacobs Solutions’s payout ratio is 22.39%.

Analyst Ratings Changes

A number of research firms recently commented on J. StockNews.com assumed coverage on Jacobs Solutions in a report on Tuesday, September 24th. They set a “buy” rating for the company. UBS Group lifted their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Truist Financial reiterated a “hold” rating and issued a $158.00 price objective (up previously from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. Robert W. Baird decreased their target price on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada upped their target price on Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $161.67.

Insider Activity at Jacobs Solutions

In other news, SVP William B. Allen, Jr. sold 1,451 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the sale, the senior vice president now owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Steven J. Demetriou sold 7,000 shares of the business’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 sale, the insider now directly owns 527,138 shares in the company, valued at approximately $77,426,029.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP William B. Allen, Jr. sold 1,451 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction of $212,586.01. Following the completion of the transaction, the senior vice president now directly owns 26,699 shares in the company, valued at approximately $3,911,670.49. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,516 shares of company stock valued at $3,132,273. 1.00% of the stock is owned by company 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.