Mutual Advisors LLC Increases Stock Position in Jacobs Solutions Inc. (NYSE:J)

Mutual Advisors LLC lifted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 15.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,923 shares of the company’s stock after buying an additional 382 shares during the period. Mutual Advisors LLC’s holdings in Jacobs Solutions were worth $379,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC lifted its position in shares of Jacobs Solutions by 2.7% during the 4th quarter. SG Americas Securities LLC now owns 21,431 shares of the company’s stock valued at $2,782,000 after acquiring an additional 567 shares during the period. Whittier Trust Co. raised its holdings in Jacobs Solutions by 19.0% during the fourth quarter. Whittier Trust Co. now owns 6,949 shares of the company’s stock worth $902,000 after purchasing an additional 1,109 shares during the last quarter. Bremer Bank National Association boosted its position in Jacobs Solutions by 3.9% during the fourth quarter. Bremer Bank National Association now owns 26,331 shares of the company’s stock worth $3,418,000 after purchasing an additional 991 shares in the last quarter. First Hawaiian Bank grew its holdings in Jacobs Solutions by 15.0% in the fourth quarter. First Hawaiian Bank now owns 10,457 shares of the company’s stock valued at $1,357,000 after purchasing an additional 1,364 shares during the last quarter. Finally, Montecito Bank & Trust increased its position in shares of Jacobs Solutions by 17.0% in the fourth quarter. Montecito Bank & Trust now owns 1,960 shares of the company’s stock valued at $254,000 after buying an additional 285 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 1,852 shares of Jacobs Solutions stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $148.00, for a total transaction of $274,096.00. Following the transaction, the executive vice president now directly owns 28,791 shares of the company’s stock, valued at $4,261,068. The sale was disclosed in a filing with the SEC, which is available at this link. In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 1,852 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $148.00, for a total value of $274,096.00. Following the transaction, the executive vice president now directly owns 28,791 shares of the company’s stock, valued at $4,261,068. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Patrick Hill sold 5,486 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $149.00, for a total value of $817,414.00. Following the completion of the sale, the executive vice president now directly owns 57,233 shares of the company’s stock, valued at approximately $8,527,717. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $153.87 on Friday. Jacobs Solutions Inc. has a 1 year low of $109.00 and a 1 year high of $154.50. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a 50 day moving average price of $144.25 and a 200 day moving average price of $135.96. The company has a market cap of $19.33 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 1.59 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.46. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The company had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the previous year, the company earned $1.67 EPS. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. Sell-side analysts predict that Jacobs Solutions Inc. will post 8.06 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were paid a $0.29 dividend. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, February 22nd. Jacobs Solutions’s payout ratio is currently 20.71%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Truist Financial began coverage on shares of Jacobs Solutions in a research note on Thursday, March 14th. They issued a “hold” rating and a $154.00 price objective on the stock. Argus raised their price objective on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. KeyCorp initiated coverage on Jacobs Solutions in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Finally, Royal Bank of Canada raised their price target on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $154.27.

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.