Clifford Swan Investment Counsel LLC Cuts Position in Jacobs Solutions Inc. (NYSE:J)

Clifford Swan Investment Counsel LLC decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,072 shares of the company’s stock after selling 647 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Jacobs Solutions were worth $8,187,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. First Pacific Financial acquired a new stake in Jacobs Solutions during the 4th quarter valued at approximately $27,000. GAMMA Investing LLC acquired a new stake in shares of Jacobs Solutions in the 4th quarter valued at about $27,000. Tennessee Valley Asset Management Partners acquired a new position in Jacobs Solutions in the fourth quarter worth about $59,000. Private Trust Co. NA increased its holdings in Jacobs Solutions by 17.8% in the fourth quarter. Private Trust Co. NA now owns 575 shares of the company’s stock valued at $75,000 after buying an additional 87 shares during the last quarter. Finally, Evolution Advisers Inc. bought a new position in Jacobs Solutions during the 4th quarter worth approximately $77,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Truist Financial started coverage on Jacobs Solutions in a research report on Thursday, March 14th. They set a “hold” rating and a $154.00 price target on the stock. KeyCorp initiated coverage on shares of Jacobs Solutions in a research note on Wednesday, January 10th. They set a “sector weight” rating on the stock. Citigroup upped their target price on Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Bank of America raised 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. Finally, Royal Bank of Canada upped their price objective on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $155.25.

Insider Activity

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 value of $1,072,400.00. Following the transaction, the insider now owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $229,800.00. Following the sale, the chief financial officer now directly owns 233,104 shares of the company’s stock, valued at $35,711,532.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,338 shares of company stock worth $3,618,695. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions Price Performance

Jacobs Solutions stock traded up $3.17 during trading hours on Friday, hitting $148.10. 668,452 shares of the company traded hands, compared to its average volume of 449,142. The firm’s 50-day simple moving average is $147.41 and its two-hundred day simple moving average is $138.13. The firm has a market cap of $18.61 billion, a P/E ratio of 26.45, a P/E/G ratio of 1.57 and a beta of 0.74. Jacobs Solutions Inc. has a 1-year low of $109.00 and a 1-year high of $154.50. 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 released its earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, topping 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 firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the prior year, the firm posted $1.67 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, analysts forecast that Jacobs Solutions Inc. will post 8.07 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 24th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Thursday, May 23rd. Jacobs Solutions’s payout ratio is 20.71%.

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.