ProShare Advisors LLC Increases Holdings in Jacobs Solutions Inc. (NYSE:J)

ProShare Advisors LLC grew its holdings in Jacobs Solutions Inc. (NYSE:J) by 7.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 18,427 shares of the company’s stock after buying an additional 1,342 shares during the quarter. ProShare Advisors LLC’s holdings in Jacobs Solutions were worth $2,574,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in J. EdgeRock Capital LLC bought a new position in shares of Jacobs Solutions during the second quarter valued at approximately $26,000. Bruce G. Allen Investments LLC increased its position in Jacobs Solutions by 427.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares during the period. ICA Group Wealth Management LLC purchased a new position in Jacobs Solutions during the 4th quarter valued at $30,000. Quarry LP raised its holdings 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 in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of Jacobs Solutions in the 1st quarter worth about $48,000. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on J. StockNews.com started coverage on shares of Jacobs Solutions in a research report on Tuesday. They set a “buy” rating on the stock. Truist Financial reaffirmed a “hold” rating and set a $158.00 price objective (up from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. Robert W. Baird decreased their target price on 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 lifted their price target on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada increased their price objective on Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $161.67.

Insider Activity

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions 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 owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the completion of the sale, the director now directly owns 42,069 shares in the company, valued at approximately $6,346,108.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP William B. Allen, Jr. sold 1,451 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $146.51, for a total transaction of $212,586.01. Following the completion of the transaction, the senior vice president now owns 26,699 shares in the company, valued at approximately $3,911,670.49. The disclosure for this sale can be found here. Insiders have sold a total of 21,516 shares of company stock valued at $3,132,273 in the last 90 days. 1.00% of the stock is currently owned by insiders.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock opened at $155.59 on Friday. The firm’s 50-day moving average is $146.56 and its 200 day moving average is $144.31. The stock has a market cap of $19.48 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 1.70 and a beta of 0.72. Jacobs Solutions Inc. has a 1 year low of $120.71 and a 1 year high of $156.31. 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 analysts’ consensus estimates of $1.96. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.82 EPS. Sell-side analysts anticipate that Jacobs Solutions Inc. will post 7.98 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

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

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.