Jacobs Solutions Inc. (NYSE:J – Get Free Report) CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the sale, the chief financial officer now directly owns 233,104 shares of the company’s stock, valued at approximately $35,711,532.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Jacobs Solutions Stock Up 0.1 %
Shares of J stock traded up $0.14 during midday trading on Wednesday, reaching $149.85. 771,587 shares of the stock were exchanged, compared to its average volume of 690,370. Jacobs Solutions Inc. has a 1 year low of $109.00 and a 1 year high of $154.50. The company’s 50 day moving average is $145.79 and its two-hundred day moving average is $136.56. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42. The firm has a market cap of $18.83 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 1.60 and a beta of 0.73.
Jacobs Solutions (NYSE:J – Get Free Report) last posted its earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The firm had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter in the prior year, the business earned $1.67 EPS. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities research analysts predict that Jacobs Solutions Inc. will post 8.06 EPS for the current year.
Jacobs Solutions Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were issued a dividend of $0.29 per share. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.77%. Jacobs Solutions’s dividend payout ratio is 20.71%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Jacobs Solutions in the 1st quarter worth approximately $125,000. Panagora Asset Management Inc. boosted its position in shares of Jacobs Solutions by 22.6% in the 1st quarter. Panagora Asset Management Inc. now owns 3,472 shares of the company’s stock worth $478,000 after purchasing an additional 641 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Jacobs Solutions by 5.7% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,290 shares of the company’s stock worth $2,383,000 after purchasing an additional 933 shares in the last quarter. Cibc World Market Inc. boosted its position in shares of Jacobs Solutions by 4.8% in the 1st quarter. Cibc World Market Inc. now owns 14,801 shares of the company’s stock worth $2,040,000 after purchasing an additional 680 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its position in shares of Jacobs Solutions by 5.6% in the 1st quarter. Vontobel Holding Ltd. now owns 8,445 shares of the company’s stock worth $1,179,000 after purchasing an additional 448 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.
Analysts Set New Price Targets
J has been the subject of several research analyst reports. Truist Financial initiated coverage on Jacobs Solutions in a research note on Thursday, March 14th. They set a “hold” rating and a $154.00 price target for the company. KeyCorp started coverage on Jacobs Solutions in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Royal Bank of Canada lifted their price objective on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Bank of America lifted their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Argus boosted their price target on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $154.08.
Jacobs Solutions Company Profile
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.