Jacobs Solutions Inc. (NYSE:J) Position Increased by American Trust Investment Advisors LLC

American Trust Investment Advisors LLC increased its position in Jacobs Solutions Inc. (NYSE:JFree Report) by 10.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 36,562 shares of the company’s stock after purchasing an additional 3,572 shares during the period. Jacobs Solutions comprises about 2.5% of American Trust Investment Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. American Trust Investment Advisors LLC’s holdings in Jacobs Solutions were worth $4,746,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirabella Financial Services LLP acquired a new stake in shares of Jacobs Solutions during the third quarter worth approximately $202,000. AGF Management Ltd. grew its holdings in shares of Jacobs Solutions by 1.5% during the 4th quarter. AGF Management Ltd. now owns 1,216,849 shares of the company’s stock valued at $157,947,000 after acquiring an additional 18,484 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in shares of Jacobs Solutions in the fourth quarter worth $5,192,000. Wellington Management Group LLP raised its holdings in shares of Jacobs Solutions by 62.7% during the third quarter. Wellington Management Group LLP now owns 61,010 shares of the company’s stock worth $8,328,000 after acquiring an additional 23,509 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in Jacobs Solutions by 76.0% during the fourth quarter. Federated Hermes Inc. now owns 34,122 shares of the company’s stock valued at $4,429,000 after purchasing an additional 14,740 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 555,138 shares in the company, valued at approximately $85,047,141.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Patrick Hill sold 5,486 shares of Jacobs Solutions stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $149.00, for a total transaction of $817,414.00. Following the completion of the transaction, the executive vice president now directly owns 57,233 shares of the company’s stock, valued at approximately $8,527,717. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the business’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 $1,072,400.00. Following the completion of the transaction, the insider now owns 555,138 shares in the company, valued at $85,047,141.60. The disclosure for this sale can be found here. Insiders have sold 22,486 shares of company stock worth $3,344,599 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of J stock traded up $1.91 during trading hours on Tuesday, reaching $138.80. 720,594 shares of the company’s stock were exchanged, compared to its average volume of 648,305. Jacobs Solutions Inc. has a fifty-two week low of $109.00 and a fifty-two week 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 stock has a market capitalization of $17.38 billion, a P/E ratio of 26.42, a P/E/G ratio of 1.57 and a beta of 0.74. The business has a fifty day moving average price of $145.69 and a 200-day moving average price of $138.68.

Jacobs Solutions (NYSE:JGet Free Report) last released its earnings results on Tuesday, May 7th. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.84 by $0.07. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The firm had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same period in the prior year, the company earned $1.81 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Analysts predict that Jacobs Solutions Inc. will post 7.98 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 24th will be given a $0.29 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $1.16 annualized dividend and a yield of 0.84%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 22.39%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on J. Argus raised their price target on Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Royal Bank of Canada lifted their target price on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Robert W. Baird decreased their target price 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. Citigroup raised their price target on shares of Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Truist Financial decreased their price objective on shares of Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.82.

Get Our Latest Analysis on J

Jacobs Solutions Company Profile

(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.

See Also

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

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