Neville Rodie & Shaw Inc. Reduces Stake in Jacobs Solutions Inc. (NYSE:J)

Neville Rodie & Shaw Inc. lowered its stake in Jacobs Solutions Inc. (NYSE:J) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,902 shares of the company’s stock after selling 983 shares during the period. Neville Rodie & Shaw Inc.’s holdings in Jacobs Solutions were worth $11,768,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in Jacobs Solutions by 7.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 42,031 shares of the company’s stock worth $5,456,000 after purchasing an additional 2,836 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Jacobs Solutions by 8.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 139,469 shares of the company’s stock worth $21,441,000 after purchasing an additional 10,542 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Jacobs Solutions by 90.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 18,623 shares of the company’s stock worth $2,417,000 after purchasing an additional 8,848 shares during the last quarter. Armstrong Henry H Associates Inc. bought a new stake in Jacobs Solutions in the first quarter worth about $2,626,000. Finally, Russell Investments Group Ltd. lifted its stake in Jacobs Solutions by 305.4% in the first quarter. Russell Investments Group Ltd. now owns 182,135 shares of the company’s stock worth $27,910,000 after purchasing an additional 137,213 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

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 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 sale, the senior vice president now directly 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 available at this hyperlink. In related news, SVP William B. Allen, Jr. sold 1,451 shares of the company’s stock in a transaction dated 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 approximately $3,911,670.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $146.88, for a total value of $1,028,160.00. Following the completion of 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. Over the last three months, insiders have sold 14,516 shares of company stock valued at $2,152,693. 1.00% of the stock is owned by insiders.

Jacobs Solutions Price Performance

NYSE J opened at $135.08 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s fifty day moving average price is $145.65 and its 200 day moving average price is $143.92. Jacobs Solutions Inc. has a 1 year low of $120.71 and a 1 year high of $156.31. The company has a market cap of $16.91 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 1.70 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.96. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.39 billion. During the same period in the prior year, the firm earned $1.82 EPS. The firm’s revenue was up 1.1% on a year-over-year basis. As a group, equities research analysts forecast that Jacobs Solutions Inc. will post 7.98 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions’s payout ratio is 22.39%.

Analyst Ratings Changes

Several analysts have recently weighed in on J shares. Truist Financial reaffirmed a “hold” rating and set a $158.00 price target (up previously from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. 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 report on Wednesday, August 14th. StockNews.com began coverage on shares of Jacobs Solutions in a report on Wednesday. They set a “buy” rating on the stock. Robert W. Baird cut their price objective on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, Royal Bank of Canada lifted their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $161.67.

Jacobs Solutions 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.