Clarius Group LLC Reduces Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Clarius Group LLC reduced its position in Jacobs Solutions Inc. (NYSE:J) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,587 shares of the company’s stock after selling 96 shares during the quarter. Clarius Group LLC’s holdings in Jacobs Solutions were worth $206,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. IFP Advisors Inc boosted its holdings in shares of Jacobs Solutions by 3.7% in the third quarter. IFP Advisors Inc now owns 2,165 shares of the company’s stock valued at $296,000 after acquiring an additional 78 shares during the period. Creative Planning lifted its holdings in shares of Jacobs Solutions by 0.3% during the third quarter. Creative Planning now owns 29,141 shares of the company’s stock worth $3,978,000 after purchasing an additional 84 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in shares of Jacobs Solutions by 0.9% during the third quarter. Stratos Wealth Partners LTD. now owns 9,346 shares of the company’s stock worth $1,276,000 after purchasing an additional 86 shares during the period. Private Trust Co. NA lifted its holdings in shares of Jacobs Solutions by 17.8% during the fourth quarter. Private Trust Co. NA now owns 575 shares of the company’s stock worth $75,000 after purchasing an additional 87 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Jacobs Solutions by 11.4% during the third quarter. Signaturefd LLC now owns 887 shares of the company’s stock worth $121,000 after purchasing an additional 91 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Trading Down 0.4 %

Shares of J stock opened at $144.04 on Tuesday. Jacobs Solutions Inc. has a fifty-two week low of $109.00 and a fifty-two week high of $154.50. The stock has a market cap of $18.10 billion, a P/E ratio of 25.72, a P/E/G ratio of 1.53 and a beta of 0.73. The business has a fifty day simple moving average of $147.55 and a 200-day simple moving average of $137.41. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, beating 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 business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter last year, the business posted $1.67 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, analysts forecast that Jacobs Solutions Inc. will post 8.07 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Thursday, February 22nd. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.26. Jacobs Solutions’s dividend payout ratio (DPR) is currently 20.71%.

Insider Buying and Selling

In related news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the completion of the sale, the insider now owns 555,138 shares in the company, valued at approximately $85,047,141.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $1,072,400.00. Following the completion of the sale, the insider now directly owns 555,138 shares in the company, valued at $85,047,141.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,838 shares of company stock worth $2,393,710. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on J. Bank of America increased their price target on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Royal Bank of Canada increased their price target on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Argus increased their price target on Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. KeyCorp began coverage on Jacobs Solutions in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Finally, Truist Financial began coverage on Jacobs Solutions in a report on Thursday, March 14th. They issued a “hold” rating and a $154.00 target price for the company. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $154.08.

About Jacobs Solutions

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.