Brown Brothers Harriman & Co. Has $252,000 Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Brown Brothers Harriman & Co. lowered its position in shares of Jacobs Solutions Inc. (NYSE:J) by 47.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,804 shares of the company’s stock after selling 1,629 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Jacobs Solutions were worth $252,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in J. PNC Financial Services Group Inc. raised its position in Jacobs Solutions by 7.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 42,031 shares of the company’s stock valued at $5,456,000 after purchasing an additional 2,836 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in Jacobs Solutions by 8.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 139,469 shares of the company’s stock worth $21,441,000 after buying an additional 10,542 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Jacobs Solutions by 90.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 18,623 shares of the company’s stock valued at $2,417,000 after acquiring an additional 8,848 shares in the last quarter. Armstrong Henry H Associates Inc. acquired a new stake in Jacobs Solutions in the 1st quarter valued at about $2,626,000. Finally, Russell Investments Group Ltd. raised its stake in shares of 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 acquiring an additional 137,213 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insiders Place Their Bets

In related news, Director Christopher M.T. Thompson sold 1,898 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 42,069 shares in the company, valued at $6,346,108.65. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total transaction of $625,633.38. Following the completion of the transaction, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at $3,688,038.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the sale, the director now directly owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The disclosure for this sale can be found here. Insiders sold 21,516 shares of company stock worth $3,132,273 over the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Jacobs Solutions Stock Performance

Shares of J stock opened at $145.54 on Thursday. The stock has a 50-day moving average of $145.87 and a 200-day moving average of $144.08. Jacobs Solutions Inc. has a one year low of $120.71 and a one year high of $154.50. The stock has a market cap of $18.22 billion, a PE ratio of 28.10, a price-to-earnings-growth ratio of 1.63 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 (NYSE:J) last posted its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, hitting the consensus estimate of $1.96. The company had revenue of $4.23 billion for 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 for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the business posted $1.82 earnings per share. As a group, sell-side analysts expect that Jacobs Solutions Inc. will post 7.97 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, July 26th were paid a $0.29 dividend. The ex-dividend date was Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a yield of 0.80%. Jacobs Solutions’s payout ratio is 22.39%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. UBS Group increased their price target 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. StockNews.com lowered Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 15th. 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 research report on Wednesday, August 7th. Truist Financial reiterated a “hold” rating and issued a $158.00 price objective (up from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. Finally, Robert W. Baird dropped their price objective on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Jacobs Solutions has an average rating of “Moderate Buy” and an average target price of $161.67.

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.