Kevin C. Berryman Sells 1,500 Shares of Jacobs Solutions Inc. (NYSE:J) Stock

Jacobs Solutions Inc. (NYSE:J) CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $145.31, for a total value of $217,965.00. Following the completion of the sale, the chief financial officer now directly owns 231,604 shares of the company’s stock, valued at approximately $33,654,377.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jacobs Solutions Trading Up 1.2 %

Shares of NYSE J traded up $1.74 during trading hours on Thursday, hitting $144.93. 423,633 shares of the company traded hands, compared to its average volume of 632,389. The stock has a market capitalization of $18.21 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 1.52 and a beta of 0.74. 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 company’s 50 day moving average price is $147.40 and its 200 day moving average price is $138.00. Jacobs Solutions Inc. has a 12 month low of $109.00 and a 12 month high of $154.50.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.46. The firm had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.02 billion. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS. On average, equities research analysts anticipate that Jacobs Solutions Inc. will post 8.07 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 24th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.80%. Jacobs Solutions’s dividend payout ratio is currently 20.71%.

Hedge Funds Weigh In On Jacobs Solutions

Several hedge funds have recently bought and sold shares of J. Boston Partners grew its position in Jacobs Solutions by 268.4% in the 4th quarter. Boston Partners now owns 2,891,429 shares of the company’s stock valued at $375,623,000 after acquiring an additional 2,106,589 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Jacobs Solutions by 134.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,658,049 shares of the company’s stock valued at $215,215,000 after acquiring an additional 951,369 shares during the last quarter. Baupost Group LLC MA purchased a new stake in shares of Jacobs Solutions in the 3rd quarter worth $66,583,000. Third Point LLC lifted its holdings in shares of Jacobs Solutions by 32.8% in the 3rd quarter. Third Point LLC now owns 1,800,000 shares of the company’s stock worth $245,700,000 after buying an additional 445,018 shares during the period. Finally, Ceredex Value Advisors LLC lifted its holdings in shares of Jacobs Solutions by 117.2% in the 4th quarter. Ceredex Value Advisors LLC now owns 615,289 shares of the company’s stock worth $79,865,000 after buying an additional 332,053 shares during the period. Institutional investors own 85.65% of the company’s stock.

Analyst Ratings Changes

J has been the subject of a number of research analyst reports. Citigroup raised their price target on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Royal Bank of Canada raised their price objective on Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Argus raised their price objective on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Bank of America raised their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Finally, Truist Financial assumed coverage on Jacobs Solutions in a research report on Thursday, March 14th. They set a “hold” rating and a $154.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $155.25.

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.