Keybank National Association OH Purchases New Shares in Jacobs Solutions Inc. (NYSE:J)

Keybank National Association OH bought a new position in shares of Jacobs Solutions Inc. (NYSE:JFree Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,536 shares of the company’s stock, valued at approximately $210,000.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Jacobs Solutions by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 13,998,808 shares of the company’s stock valued at $1,929,175,000 after purchasing an additional 250,587 shares during the last quarter. BlackRock Inc. raised its position in shares of Jacobs Solutions by 1.1% in the 2nd quarter. BlackRock Inc. now owns 7,809,642 shares of the company’s stock valued at $928,488,000 after purchasing an additional 85,152 shares during the last quarter. Capital World Investors raised its position in shares of Jacobs Solutions by 0.5% in the 2nd quarter. Capital World Investors now owns 6,322,072 shares of the company’s stock valued at $751,631,000 after purchasing an additional 30,360 shares during the last quarter. Select Equity Group L.P. raised its position in shares of Jacobs Solutions by 12.6% in the 1st quarter. Select Equity Group L.P. now owns 4,717,432 shares of the company’s stock valued at $554,345,000 after purchasing an additional 529,557 shares during the last quarter. Finally, Capital International Investors raised its position in Jacobs Solutions by 8.1% during the 1st quarter. Capital International Investors now owns 4,049,450 shares of the company’s stock worth $558,055,000 after buying an additional 304,996 shares during the last quarter. 84.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on J. Benchmark reissued a “buy” rating and set a $160.00 price target on shares of Jacobs Solutions in a research report on Wednesday, November 22nd. Raymond James lowered shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 22nd. KeyCorp began coverage on shares of Jacobs Solutions in a research report on Wednesday, January 10th. They set a “sector weight” rating for the company. Royal Bank of Canada raised their price target on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, November 21st. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Jacobs Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $152.11.

View Our Latest Stock Report on Jacobs Solutions

Insiders Place Their Bets

In other Jacobs Solutions news, insider Steven J. Demetriou sold 6,666 shares of Jacobs Solutions stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $136.62, for a total transaction of $910,708.92. Following the sale, the insider now owns 556,439 shares of the company’s stock, valued at approximately $76,020,696.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Ralph E. Eberhart sold 3,500 shares of Jacobs Solutions stock in a transaction on Monday, December 4th. The stock was sold at an average price of $129.86, for a total transaction of $454,510.00. Following the transaction, the director now owns 26,754 shares in the company, valued at approximately $3,474,274.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven J. Demetriou sold 6,666 shares of Jacobs Solutions stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $136.62, for a total value of $910,708.92. Following the transaction, the insider now owns 556,439 shares in the company, valued at approximately $76,020,696.18. The disclosure for this sale can be found here. Insiders have sold a total of 23,832 shares of company stock valued at $3,112,190 in the last 90 days. 1.00% of the stock is owned by insiders.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $145.54 on Friday. The company’s fifty day moving average price is $131.84 and its 200 day moving average price is $132.41. Jacobs Solutions Inc. has a 1 year low of $109.00 and a 1 year high of $145.54. The stock has a market capitalization of $18.29 billion, a P/E ratio of 25.99, a P/E/G ratio of 1.53 and a beta of 0.73. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37.

Jacobs Solutions (NYSE:JGet Free Report) last released its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.46. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter last year, the company earned $1.67 EPS. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Jacobs Solutions Inc. will post 8.06 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, February 22nd. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.26. Jacobs Solutions’s payout ratio is 18.57%.

About Jacobs Solutions

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Jacobs Solutions (NYSE:J)

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