Jacobs Solutions Inc. (NYSE:J) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in Jacobs Solutions Inc. (NYSE:J) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 139,615 shares of the company’s stock after selling 5,295 shares during the quarter. Principal Financial Group Inc. owned about 0.11% of Jacobs Solutions worth $19,506,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of J. Tlwm raised its stake in shares of Jacobs Solutions by 1.2% in the 2nd quarter. Tlwm now owns 6,046 shares of the company’s stock valued at $845,000 after acquiring an additional 74 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in Jacobs Solutions by 7.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,021 shares of the company’s stock valued at $133,000 after purchasing an additional 75 shares during the last quarter. 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 valued at $906,000 after purchasing an additional 88 shares during the period. Fifth Third Bancorp lifted its stake in Jacobs Solutions by 3.3% during the second quarter. Fifth Third Bancorp now owns 3,697 shares of the company’s stock worth $517,000 after purchasing an additional 117 shares in the last quarter. Finally, NBC Securities Inc. lifted its stake in Jacobs Solutions by 5.0% during the fourth quarter. NBC Securities Inc. now owns 2,512 shares of the company’s stock worth $326,000 after purchasing an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on J. Truist Financial reaffirmed a “hold” rating and issued a $158.00 price objective (up from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. William Blair downgraded Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Robert W. Baird reduced their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. StockNews.com cut shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 15th. Finally, UBS Group increased their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $160.40.

Insider Transactions at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $139.94, for a total transaction of $979,580.00. Following the completion of the sale, the insider now owns 534,138 shares in the company, valued at approximately $74,747,271.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $139.94, for a total transaction of $979,580.00. Following the transaction, the insider now owns 534,138 shares of the company’s stock, valued at $74,747,271.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP William B. Allen, Jr. sold 1,451 shares of the business’s stock in a transaction dated 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 directly owns 26,699 shares of the company’s stock, valued at $3,911,670.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,516 shares of company stock valued at $3,132,273. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions Trading Down 2.5 %

NYSE J opened at $147.15 on Wednesday. Jacobs Solutions Inc. has a 52 week low of $120.71 and a 52 week high of $154.50. The firm has a 50 day moving average of $144.60 and a two-hundred day moving average of $144.26. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $18.28 billion, a PE ratio of 28.41, a price-to-earnings-growth ratio of 1.73 and a beta of 0.70.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, hitting analysts’ consensus estimates of $1.96. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.82 earnings per share. As a group, research analysts expect that Jacobs Solutions Inc. will post 7.97 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, July 26th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.79%. Jacobs Solutions’s payout ratio is currently 22.39%.

Jacobs Solutions Company 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.