Sei Investments Co. Acquires 66,002 Shares of Jacobs Solutions Inc. (NYSE:J)

Sei Investments Co. boosted its holdings in Jacobs Solutions Inc. (NYSE:J) by 32.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 271,760 shares of the company’s stock after purchasing an additional 66,002 shares during the quarter. Sei Investments Co.’s holdings in Jacobs Solutions were worth $37,968,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in J. PNC Financial Services Group Inc. grew its holdings in shares of Jacobs Solutions by 7.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 42,031 shares of the company’s stock valued at $5,456,000 after buying an additional 2,836 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings 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 purchasing an additional 10,542 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of 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 position in shares of Jacobs Solutions in the first quarter valued at approximately $2,626,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Jacobs Solutions by 305.4% during the first quarter. Russell Investments Group Ltd. now owns 182,135 shares of the company’s stock valued at $27,910,000 after buying an additional 137,213 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Down 0.2 %

J opened at $148.34 on Tuesday. The firm has a market capitalization of $18.57 billion, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 1.63 and a beta of 0.72. Jacobs Solutions Inc. has a one year low of $120.71 and a one year high of $154.50. The company has a fifty day moving average price of $146.20 and a 200-day moving average price of $144.09. 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 EPS for the quarter, hitting the consensus estimate of $1.96. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.39 billion. During the same period in the previous year, the business earned $1.82 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. Equities research analysts expect that Jacobs Solutions Inc. will post 7.97 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, July 26th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Friday, July 26th. Jacobs Solutions’s dividend payout ratio is currently 22.39%.

Wall Street Analysts Forecast Growth

J has been the subject of several recent analyst reports. Truist Financial reiterated a “hold” rating and issued a $158.00 target price (up previously from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. StockNews.com began coverage on shares of Jacobs Solutions in a research report on Tuesday. They issued a “buy” rating for the company. Robert W. Baird dropped their target price 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. Royal Bank of Canada upped their target price on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, UBS Group lifted their price target on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.67.

Insider Buying and Selling at Jacobs Solutions

In related news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.94, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the business’s stock in a transaction on 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 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 Jacobs Solutions stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $139.94, for a total value of $979,580.00. Following the completion of the transaction, the insider now owns 534,138 shares in the company, valued at approximately $74,747,271.72. The disclosure for this sale can be found here. Insiders sold a total of 21,516 shares of company stock worth $3,132,273 over the last three months. 1.00% of the stock is owned by 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.