GAMMA Investing LLC Acquires 145 Shares of Jacobs Solutions Inc. (NYSE:J)

GAMMA Investing LLC raised its holdings in Jacobs Solutions Inc. (NYSE:J) by 55.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 405 shares of the company’s stock after buying an additional 145 shares during the quarter. GAMMA Investing LLC’s holdings in Jacobs Solutions were worth $53,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. EdgeRock Capital LLC bought a new position in Jacobs Solutions in the second quarter worth about $26,000. Bruce G. Allen Investments LLC lifted its stake in shares of Jacobs Solutions by 427.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Jacobs Solutions during the first quarter valued at approximately $48,000. LRI Investments LLC purchased a new stake in Jacobs Solutions in the first quarter worth $48,000. Finally, Chilton Capital Management LLC bought a new position in Jacobs Solutions in the second quarter worth $66,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Up 2.1 %

J stock opened at $141.23 on Thursday. The stock has a market capitalization of $17.68 billion, a P/E ratio of 27.26, a P/E/G ratio of 1.39 and a beta of 0.72. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14. Jacobs Solutions Inc. has a 1-year low of $100.76 and a 1-year high of $141.66. The business has a fifty day moving average price of $144.62 and a 200-day moving average price of $143.04.

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 analysts’ consensus estimates of $1.96. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. Jacobs Solutions’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.82 EPS. Equities analysts forecast that Jacobs Solutions Inc. will post 7.95 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 0.82%. Jacobs Solutions’s dividend payout ratio is presently 22.39%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on J. Truist Financial reduced their target price on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. 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 note on Wednesday, August 7th. StockNews.com initiated coverage on Jacobs Solutions in a research report on Wednesday, October 2nd. They issued a “buy” rating on the stock. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research report on Friday, October 4th. Finally, Royal Bank of Canada boosted their target price on Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $159.60.

Insider Activity

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 stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the transaction, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Christopher M.T. Thompson sold 1,898 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 42,069 shares in the company, valued at approximately $6,346,108.65. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP William B. Allen, Jr. sold 1,451 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was 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 owns 26,699 shares in the company, valued at $3,911,670.49. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,516 shares of company stock valued at $2,152,693 in the last ninety days. 1.00% of the stock is currently owned by company insiders.

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.