Pacer Advisors Inc. Sells 454 Shares of Jacobs Solutions Inc. (NYSE:J)

Pacer Advisors Inc. lowered its position in Jacobs Solutions Inc. (NYSE:J) by 4.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,032 shares of the company’s stock after selling 454 shares during the period. Pacer Advisors Inc.’s holdings in Jacobs Solutions were worth $1,262,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. EdgeRock Capital LLC bought a new position in shares of Jacobs Solutions in the second quarter valued at approximately $26,000. Bruce G. Allen Investments LLC raised its position in Jacobs Solutions by 427.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after purchasing an additional 171 shares during the last quarter. ICA Group Wealth Management LLC bought a new position in Jacobs Solutions in the 4th quarter worth approximately $30,000. Quarry LP raised its position in Jacobs Solutions by 108.9% in the 4th quarter. Quarry LP now owns 305 shares of the company’s stock worth $40,000 after purchasing an additional 159 shares during the last quarter. Finally, LRI Investments LLC bought a new position in Jacobs Solutions in the 1st quarter worth approximately $48,000. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

Shares of J stock opened at $155.59 on Friday. Jacobs Solutions Inc. has a 12-month low of $120.71 and a 12-month high of $156.31. The firm has a market capitalization of $19.48 billion, a price-to-earnings ratio of 30.04, a price-to-earnings-growth ratio of 1.70 and a beta of 0.72. 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 firm has a fifty day moving average of $146.56 and a 200-day moving average of $144.31.

Jacobs Solutions (NYSE:J) last announced 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 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 company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.82 EPS. On average, equities research analysts forecast that Jacobs Solutions Inc. will post 7.98 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Friday, October 25th. Jacobs Solutions’s payout ratio is presently 22.39%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on J shares. Royal Bank of Canada boosted their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. StockNews.com began coverage on shares of Jacobs Solutions in a research report on Tuesday. They set 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 for the company in a research report on Wednesday, August 7th. UBS Group upped their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Truist Financial reiterated a “hold” rating and set a $158.00 target price (up previously from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $161.67.

Insider Buying and Selling

In other news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 534,138 shares in the company, valued at approximately $74,747,271.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 534,138 shares in the company, valued at approximately $74,747,271.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP William B. Allen, Jr. sold 1,451 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $146.51, for a total transaction of $212,586.01. Following the transaction, the senior vice president now 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 ninety days, insiders sold 21,516 shares of company stock valued at $3,132,273. Company insiders own 1.00% of the company’s stock.

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.