Canada Pension Plan Investment Board Boosts Holdings in Jacobs Solutions Inc. (NYSE:J)

Canada Pension Plan Investment Board lifted its stake in Jacobs Solutions Inc. (NYSE:JFree Report) by 119.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,863 shares of the company’s stock after acquiring an additional 30,386 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Jacobs Solutions were worth $7,625,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Covestor Ltd boosted its holdings in shares of Jacobs Solutions by 64.9% in the second quarter. Covestor Ltd now owns 666 shares of the company’s stock worth $79,000 after buying an additional 262 shares during the last quarter. Cibc World Market Inc. lifted its holdings in Jacobs Solutions by 1.1% during the second quarter. Cibc World Market Inc. now owns 15,233 shares of the company’s stock valued at $1,811,000 after purchasing an additional 167 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Jacobs Solutions by 9.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 691,955 shares of the company’s stock valued at $94,452,000 after purchasing an additional 62,259 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in Jacobs Solutions by 11.7% during the second quarter. Baird Financial Group Inc. now owns 31,410 shares of the company’s stock valued at $3,734,000 after purchasing an additional 3,286 shares in the last quarter. Finally, Raymond James & Associates raised its position in shares of Jacobs Solutions by 14.7% during the third quarter. Raymond James & Associates now owns 80,498 shares of the company’s stock valued at $10,988,000 after buying an additional 10,296 shares during the last quarter. 84.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Steven J. Demetriou sold 6,666 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $136.62, for a total value of $910,708.92. Following the completion of the sale, the insider now directly owns 556,439 shares of the company’s stock, valued at $76,020,696.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Jacobs Solutions news, insider Steven J. Demetriou sold 6,666 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $136.62, for a total transaction of $910,708.92. Following the completion of the sale, the insider now directly owns 556,439 shares of the company’s stock, valued at $76,020,696.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP William B. Allen, Jr. sold 1,500 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $129.50, for a total transaction of $194,250.00. Following the sale, the senior vice president now directly owns 28,150 shares of the company’s stock, valued at $3,645,425. The disclosure for this sale can be found here. Insiders sold a total of 23,832 shares of company stock valued at $3,112,190 over the last three months. 1.00% of the stock is owned by company insiders.

Jacobs Solutions Price Performance

Shares of J opened at $145.52 on Tuesday. The firm has a market capitalization of $18.28 billion, a P/E ratio of 25.99, a P/E/G ratio of 1.54 and a beta of 0.73. Jacobs Solutions Inc. has a 12-month low of $109.00 and a 12-month high of $145.77. 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 fifty day moving average price of $132.16 and a 200-day moving average price of $132.63.

Jacobs Solutions (NYSE:JGet Free Report) last issued its 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. The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.02 billion. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.67 earnings per share. Equities research analysts expect that Jacobs Solutions Inc. will post 8.06 earnings per share for the current year.

Jacobs Solutions Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. KeyCorp assumed coverage on shares of Jacobs Solutions in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, November 21st. Benchmark restated a “buy” rating and issued a $160.00 price target on shares of Jacobs Solutions in a research report on Wednesday, November 22nd. Raymond James cut shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 22nd. Finally, Royal Bank of Canada boosted 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, February 7th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $152.11.

Read Our Latest Analysis on J

Jacobs Solutions Profile

(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.

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

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