Jacobs Solutions Inc. (NYSE:J – Get Rating) insider Steven J. Demetriou sold 6,666 shares of Jacobs Solutions stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $115.10, for a total value of $767,256.60. Following the sale, the insider now directly owns 594,624 shares of the company’s stock, valued at approximately $68,441,222.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Jacobs Solutions Stock Performance
NYSE:J opened at $115.50 on Wednesday. The company has a fifty day moving average of $115.25 and a two-hundred day moving average of $118.48. Jacobs Solutions Inc. has a fifty-two week low of $106.78 and a fifty-two week high of $138.05. The stock has a market capitalization of $14.65 billion, a PE ratio of 19.15, a P/E/G ratio of 1.56 and a beta of 0.84. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.53 and a current ratio of 1.53.
Jacobs Solutions (NYSE:J – Get Rating) last announced its earnings results on Tuesday, May 9th. The company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.03. The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4 billion. Jacobs Solutions had a return on equity of 14.78% and a net margin of 4.96%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.72 earnings per share. As a group, research analysts forecast that Jacobs Solutions Inc. will post 7.35 earnings per share for the current fiscal year.
Jacobs Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, May 26th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, May 25th. Jacobs Solutions’s dividend payout ratio is currently 17.25%.
Institutional Trading of Jacobs Solutions
Hedge funds have recently bought and sold shares of the business. Macquarie Group Ltd. increased its holdings in shares of Jacobs Solutions by 2.6% in the first quarter. Macquarie Group Ltd. now owns 59,773 shares of the company’s stock valued at $6,907,000 after purchasing an additional 1,499 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Jacobs Solutions by 13.4% during the 1st quarter. ProShare Advisors LLC now owns 23,247 shares of the company’s stock valued at $2,732,000 after acquiring an additional 2,747 shares during the last quarter. Old North State Trust LLC purchased a new stake in shares of Jacobs Solutions in the first quarter valued at about $199,000. Arete Wealth Advisors LLC acquired a new stake in Jacobs Solutions during the first quarter worth about $244,000. Finally, Ameriprise Financial Inc. raised its stake in Jacobs Solutions by 92.6% during the first quarter. Ameriprise Financial Inc. now owns 180,239 shares of the company’s stock worth $21,179,000 after purchasing an additional 86,635 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have commented on J. StockNews.com initiated coverage on shares of Jacobs Solutions in a research note on Thursday, May 18th. They set a “buy” rating for the company. Sanford C. Bernstein decreased their price target on Jacobs Solutions from $165.00 to $150.00 in a report on Wednesday, May 10th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $149.00.
Jacobs Solutions Company Profile
Jacobs Solutions Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. It operates through three segments: Critical Mission Solutions, People & Places Solutions, and PA Consulting.