Jacobs Solutions Inc. (NYSE:J) Shares Sold by Waycross Investment Management Co

Waycross Investment Management Co lowered its stake in Jacobs Solutions Inc. (NYSE:J) by 15.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,782 shares of the company’s stock after selling 1,226 shares during the quarter. Waycross Investment Management Co’s holdings in Jacobs Solutions were worth $888,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. EdgeRock Capital LLC bought a new position in Jacobs Solutions during the 2nd quarter valued at $26,000. Bruce G. Allen Investments LLC raised its stake in shares of 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 buying an additional 171 shares in the last quarter. Quarry LP lifted its holdings in shares of Jacobs Solutions by 108.9% in the fourth quarter. Quarry LP now owns 305 shares of the company’s stock valued at $40,000 after buying an additional 159 shares during the period. Central Pacific Bank Trust Division bought a new position in Jacobs Solutions during the first quarter valued at about $48,000. Finally, LRI Investments LLC acquired a new position in Jacobs Solutions during the first quarter worth about $48,000. Institutional investors own 85.65% of the company’s stock.

Insider Buying and Selling

In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 26,699 shares in the company, valued at approximately $3,911,670.49. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $146.88, for a total transaction of $1,028,160.00. Following the completion of the sale, the insider now directly owns 527,138 shares in the company, valued at $77,426,029.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William B. Allen, Jr. sold 1,451 shares of the business’s stock in a transaction that occurred 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 approximately $3,911,670.49. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,516 shares of company stock worth $2,152,693. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

J has been the subject of a number of research analyst reports. Robert W. Baird cut their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. StockNews.com initiated coverage on shares of Jacobs Solutions in a research note on Wednesday. They set a “buy” rating for the company. Truist Financial restated a “hold” rating and set a $158.00 target price (up from $153.00) on shares of Jacobs Solutions in a report on Wednesday, August 7th. UBS Group upped their price target on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Finally, Royal Bank of Canada raised their price objective on Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $161.50.

Jacobs Solutions Stock Up 0.8 %

NYSE:J traded up $1.13 during trading hours on Friday, hitting $140.04. 961,133 shares of the stock traded hands, compared to its average volume of 686,054. The firm has a 50 day moving average price of $145.39 and a 200 day moving average price of $143.79. The firm has a market cap of $17.53 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 1.70 and a beta of 0.72. Jacobs Solutions Inc. has a fifty-two week low of $120.71 and a fifty-two week high of $156.31. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, meeting the consensus estimate of $1.96. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same period in the previous year, the firm earned $1.82 earnings per share. Jacobs Solutions’s quarterly revenue was up 1.1% on a year-over-year basis. Equities research analysts anticipate that Jacobs Solutions Inc. will post 7.98 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is 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.