CIBC Private Wealth Group LLC Grows Stake in Jacobs Solutions Inc. (NYSE:J)

CIBC Private Wealth Group LLC lifted its stake in shares of Jacobs Solutions Inc. (NYSE:JFree Report) by 12.8% in the 4th quarter, HoldingsChannel reports. The firm owned 6,335 shares of the company’s stock after buying an additional 720 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Jacobs Solutions were worth $822,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. boosted its position in Jacobs Solutions by 7.9% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,021 shares of the company’s stock worth $133,000 after purchasing an additional 75 shares during the period. Private Trust Co. NA boosted its holdings in Jacobs Solutions by 17.8% in the 4th quarter. Private Trust Co. NA now owns 575 shares of the company’s stock worth $75,000 after buying an additional 87 shares during the period. Souders Financial Advisors grew its stake in Jacobs Solutions by 2.3% in the 4th quarter. Souders Financial Advisors now owns 4,351 shares of the company’s stock valued at $565,000 after buying an additional 96 shares in the last quarter. Pinnacle Financial Partners Inc raised its holdings in Jacobs Solutions by 4.2% during the 4th quarter. Pinnacle Financial Partners Inc now owns 2,631 shares of the company’s stock valued at $342,000 after acquiring an additional 105 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in shares of Jacobs Solutions by 21.1% during the third quarter. Parkside Financial Bank & Trust now owns 648 shares of the company’s stock worth $88,000 after acquiring an additional 113 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on J. StockNews.com upgraded Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 5th. Argus upped their price target on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Truist Financial cut their price objective on shares of Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a research report on Wednesday, May 8th. William Blair lowered shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Finally, Robert W. Baird reduced their price target on shares of Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $156.82.

View Our Latest Analysis on Jacobs Solutions

Jacobs Solutions Trading Up 0.7 %

NYSE J opened at $140.02 on Tuesday. The stock’s 50-day simple moving average is $142.02 and its two-hundred day simple moving average is $139.32. Jacobs Solutions Inc. has a twelve month low of $114.09 and a twelve month high of $154.50. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $17.53 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 1.60 and a beta of 0.73.

Jacobs Solutions (NYSE:JGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.07. The company had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.33 billion. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. Jacobs Solutions’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $1.81 EPS. Research analysts forecast that Jacobs Solutions Inc. will post 7.98 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 24th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Thursday, May 23rd. Jacobs Solutions’s dividend payout ratio is currently 22.39%.

Insider Buying and Selling

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $139.43, for a total transaction of $976,010.00. Following the completion of the sale, the insider now directly owns 541,138 shares in the company, valued at $75,450,871.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the transaction, the chief financial officer now directly owns 233,104 shares of the company’s stock, valued at $35,711,532.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $139.43, for a total transaction of $976,010.00. Following the sale, the insider now directly owns 541,138 shares of the company’s stock, valued at approximately $75,450,871.34. The disclosure for this sale can be found here. Insiders have sold a total of 24,000 shares of company stock worth $3,503,195 in the last 90 days. 1.00% of the stock is owned by company insiders.

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.

Featured Stories

Want to see what other hedge funds are holding J? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jacobs Solutions Inc. (NYSE:JFree Report).

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

Receive News & Ratings for Jacobs Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Solutions and related companies with MarketBeat.com's FREE daily email newsletter.