Jacobs Solutions Inc. (NYSE:J) Shares Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC boosted its position in shares of Jacobs Solutions Inc. (NYSE:J) by 4.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,239 shares of the company’s stock after purchasing an additional 86 shares during the period. OneDigital Investment Advisors LLC’s holdings in Jacobs Solutions were worth $293,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. ING Groep NV purchased a new stake in Jacobs Solutions during the 3rd quarter worth approximately $2,192,000. Metis Global Partners LLC grew its holdings in Jacobs Solutions by 83.6% during the 3rd quarter. Metis Global Partners LLC now owns 7,246 shares of the company’s stock worth $949,000 after acquiring an additional 3,299 shares in the last quarter. KBC Group NV grew its holdings in Jacobs Solutions by 4.5% during the 3rd quarter. KBC Group NV now owns 12,836 shares of the company’s stock worth $1,680,000 after acquiring an additional 547 shares in the last quarter. Pinnacle Financial Partners Inc grew its holdings in Jacobs Solutions by 15.2% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 2,821 shares of the company’s stock worth $369,000 after acquiring an additional 373 shares in the last quarter. Finally, Bancreek Capital Management LP grew its holdings in Jacobs Solutions by 11.0% during the 3rd quarter. Bancreek Capital Management LP now owns 55,288 shares of the company’s stock worth $7,237,000 after acquiring an additional 5,492 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Up 2.5 %

Shares of Jacobs Solutions stock opened at $135.82 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.14 and a current ratio of 1.20. The business’s 50 day simple moving average is $142.25 and its 200 day simple moving average is $142.37. The firm has a market cap of $16.88 billion, a PE ratio of 21.46, a P/E/G ratio of 2.04 and a beta of 0.71. Jacobs Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $150.54.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. Jacobs Solutions’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $1.90 EPS. On average, analysts predict that Jacobs Solutions Inc. will post 6 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.85%. Jacobs Solutions’s dividend payout ratio is 18.33%.

Insider Transactions at Jacobs Solutions

In other news, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the completion of the transaction, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at $3,688,038.96. This represents a 14.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions 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 transaction, the director now owns 42,069 shares of the company’s stock, valued at $6,346,108.65. The trade was a 4.32 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on J shares. StockNews.com began coverage on shares of Jacobs Solutions in a research note on Monday. They issued a “buy” rating on the stock. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research report on Friday, October 4th. UBS Group boosted their target price on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Citigroup reduced their price target on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Robert W. Baird upped their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $156.89.

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.