Insider Selling: Jacobs Solutions Inc. (NYSE:J) CEO Sells 51,130 Shares of Stock

Jacobs Solutions Inc. (NYSE:JGet Rating) CEO Steven J. Demetriou sold 51,130 shares of the firm’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $125.10, for a total value of $6,396,363.00. Following the transaction, the chief executive officer now directly owns 631,447 shares in the company, valued at $78,994,019.70. The sale was disclosed in a document filed with the SEC, which is available at this link.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock opened at $126.04 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.43 and a quick ratio of 1.43. The business’s 50 day simple moving average is $116.14 and its two-hundred day simple moving average is $124.88. The stock has a market capitalization of $16.08 billion, a P/E ratio of 35.40, a price-to-earnings-growth ratio of 1.51 and a beta of 0.88. Jacobs Solutions Inc. has a one year low of $106.78 and a one year high of $150.32.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 28th. Stockholders of record on Friday, September 30th were given a $0.23 dividend. The ex-dividend date was Thursday, September 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.73%. Jacobs Solutions’s dividend payout ratio is currently 25.84%.

Institutional Investors Weigh In On Jacobs Solutions

A number of large investors have recently made changes to their positions in the business. Hilton Capital Management LLC grew its position in shares of Jacobs Solutions by 3.7% in the 1st quarter. Hilton Capital Management LLC now owns 2,227 shares of the company’s stock worth $307,000 after buying an additional 80 shares during the last quarter. Wedbush Securities Inc. grew its position in shares of Jacobs Solutions by 3.4% in the 2nd quarter. Wedbush Securities Inc. now owns 2,468 shares of the company’s stock worth $314,000 after buying an additional 80 shares during the last quarter. Heartland Bank & Trust Co grew its position in shares of Jacobs Solutions by 2.1% in the 2nd quarter. Heartland Bank & Trust Co now owns 3,979 shares of the company’s stock worth $506,000 after buying an additional 83 shares during the last quarter. Ameritas Advisory Services LLC boosted its position in shares of Jacobs Solutions by 1.6% during the first quarter. Ameritas Advisory Services LLC now owns 5,508 shares of the company’s stock valued at $759,000 after purchasing an additional 85 shares in the last quarter. Finally, Pinnacle Associates Ltd. boosted its position in shares of Jacobs Solutions by 4.7% during the first quarter. Pinnacle Associates Ltd. now owns 2,015 shares of the company’s stock valued at $278,000 after purchasing an additional 90 shares in the last quarter. 86.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on J. Royal Bank of Canada decreased their price objective on Jacobs Solutions from $160.00 to $155.00 and set an “outperform” rating on the stock in a report on Thursday, August 4th. Citigroup decreased their price objective on Jacobs Solutions from $155.00 to $151.00 and set a “buy” rating on the stock in a report on Tuesday, August 2nd. StockNews.com assumed coverage on Jacobs Solutions in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Finally, Credit Suisse Group decreased their price target on Jacobs Solutions from $159.00 to $154.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 2nd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $156.67.

About Jacobs Solutions

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Jacobs Solutions Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, rest of Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. It provides cybersecurity, data analytics, systems and software application integration and consulting, enterprise and mission IT, engineering and design, nuclear, enterprise level operations and maintenance, artificial intelligence and automation, software development, digitally driven consulting, planning and architecture, program management, and other technical consulting solutions.

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