Jacobs Solutions Inc. (NYSE:J) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,589 shares of the company’s stock after buying an additional 1,959 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Jacobs Solutions were worth $2,932,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Jacobs Solutions by 1.8% in the first 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. Select Equity Group L.P. grew its position in shares of Jacobs Solutions by 12.6% in the first 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. Capital International Investors grew its position in shares of Jacobs Solutions by 8.1% in the first quarter. Capital International Investors now owns 4,049,450 shares of the company’s stock valued at $558,055,000 after purchasing an additional 304,996 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Jacobs Solutions by 0.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,446,374 shares of the company’s stock valued at $447,339,000 after purchasing an additional 14,821 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in Jacobs Solutions by 10.1% during the fourth quarter. Mackenzie Financial Corp now owns 3,271,522 shares of the company’s stock worth $392,812,000 after acquiring an additional 300,725 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on J. Truist Financial began coverage on shares of Jacobs Solutions in a research report on Thursday, March 14th. They set a “hold” rating and a $154.00 target price on the stock. KeyCorp began coverage on shares of Jacobs Solutions in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Bank of America raised their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Argus raised their target price on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Finally, Royal Bank of Canada raised their target price 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. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.08.

Jacobs Solutions Stock Performance

NYSE:J opened at $143.83 on Monday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. The company has a market cap of $18.07 billion, a P/E ratio of 25.68, a P/E/G ratio of 1.52 and a beta of 0.73. Jacobs Solutions Inc. has a fifty-two week low of $109.00 and a fifty-two week high of $154.50. The firm’s 50 day moving average is $147.62 and its two-hundred day moving average is $137.66.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, February 6th. The company reported $2.02 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 business had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter last year, the firm posted $1.67 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. Analysts expect that Jacobs Solutions Inc. will post 8.07 EPS for the current year.

Jacobs Solutions Increases Dividend

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

Insider Activity

In related news, EVP Shelette M. Gustafson sold 1,852 shares of Jacobs Solutions stock in a transaction 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 sale, the executive vice president now owns 28,791 shares of the company’s stock, valued at approximately $4,261,068. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Shelette M. Gustafson sold 1,852 shares of Jacobs Solutions stock in a transaction 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 sale, the executive vice president now owns 28,791 shares of the company’s stock, valued at approximately $4,261,068. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction on 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 sale, the insider now directly owns 555,138 shares in the company, valued at approximately $85,047,141.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,838 shares of company stock valued at $2,393,710. Company insiders own 1.00% of the company’s stock.

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.