Raymond James & Associates Increases Position in Jacobs Solutions Inc. (NYSE:J)

Raymond James & Associates boosted its holdings in Jacobs Solutions Inc. (NYSE:J) by 23.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 134,789 shares of the company’s stock after purchasing an additional 25,354 shares during the quarter. Raymond James & Associates’ holdings in Jacobs Solutions were worth $17,644,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Tlwm grew its holdings in shares of Jacobs Solutions by 1.2% during the second quarter. Tlwm now owns 6,046 shares of the company’s stock valued at $845,000 after buying an additional 74 shares during the last quarter. Hudson Edge Investment Partners Inc. raised its position in Jacobs Solutions by 1.4% in the second quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock worth $834,000 after acquiring an additional 82 shares during the period. American National Bank raised its position in Jacobs Solutions by 1.4% in the second 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 period. Global Financial Private Client LLC raised its position in Jacobs Solutions by 2.6% in the second quarter. Global Financial Private Client LLC now owns 3,944 shares of the company’s stock worth $551,000 after acquiring an additional 100 shares during the period. Finally, Gabelli Funds LLC raised its position in shares of Jacobs Solutions by 6.9% during the 2nd 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. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insider Transactions at Jacobs Solutions

In related news, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the completion of the sale, the executive vice president now owns 24,564 shares in the company, valued at $3,688,038.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the completion of the sale, the executive vice president now owns 24,564 shares in the company, valued at $3,688,038.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions 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 sale, the director now owns 42,069 shares of the company’s stock, valued at $6,346,108.65. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,516 shares of company stock worth $2,152,693. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Citigroup raised their price objective on shares of Jacobs Solutions from $138.60 to $166.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Truist Financial cut their target price on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Royal Bank of Canada raised their target price on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. StockNews.com raised shares of Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Finally, Robert W. Baird dropped their price objective 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. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.30.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $140.52 on Friday. The firm has a 50-day moving average price of $144.30 and a 200-day moving average price of $142.73. The firm has a market capitalization of $17.46 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 1.43 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 $100.59 and a 12-month high of $144.56.

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

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.83%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.92%.

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.