Jacobs Solutions Inc. (NYSE:J) Position Lessened by Marshall Wace LLP

Marshall Wace LLP lowered its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 44.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,784 shares of the company’s stock after selling 1,455 shares during the period. Marshall Wace LLP’s holdings in Jacobs Solutions were worth $249,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in J. Security National Bank of SO Dak raised its stake in Jacobs Solutions by 0.9% during the 4th quarter. Security National Bank of SO Dak now owns 23,380 shares of the company’s stock valued at $3,035,000 after acquiring an additional 210 shares in the last quarter. Quarry LP raised its stake in Jacobs Solutions by 108.9% during the 4th quarter. Quarry LP now owns 305 shares of the company’s stock valued at $40,000 after acquiring an additional 159 shares in the last quarter. Raleigh Capital Management Inc. bought a new stake in Jacobs Solutions during the 4th quarter valued at $237,000. Virtu Financial LLC bought a new stake in Jacobs Solutions during the 4th quarter valued at $207,000. Finally, Wellington Management Group LLP raised its stake in Jacobs Solutions by 4.0% during the 4th quarter. Wellington Management Group LLP now owns 63,447 shares of the company’s stock valued at $8,235,000 after acquiring an additional 2,437 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Insider Activity

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

Jacobs Solutions Price Performance

NYSE J opened at $138.46 on Friday. Jacobs Solutions Inc. has a twelve month low of $120.71 and a twelve month high of $156.31. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $17.20 billion, a PE ratio of 27.36, a P/E/G ratio of 1.39 and a beta of 0.72. The stock has a 50-day simple moving average of $144.64 and a 200 day simple moving average of $143.38.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) 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 company posted $1.82 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. Research analysts anticipate that Jacobs Solutions Inc. will post 7.95 EPS for the current year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.84%. Jacobs Solutions’s dividend payout ratio is currently 22.92%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on J shares. Royal Bank of Canada boosted 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. Truist Financial dropped their price objective on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research note on Wednesday. UBS Group boosted their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Robert W. Baird dropped their price objective on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a research note on Friday, October 4th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $159.60.

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.