Mirae Asset Global Investments Co. Ltd. Purchases 2,473 Shares of Jacobs Solutions Inc. (NYSE:J)

Mirae Asset Global Investments Co. Ltd. increased its position in Jacobs Solutions Inc. (NYSE:J) by 41.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,488 shares of the company’s stock after acquiring an additional 2,473 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Jacobs Solutions were worth $1,111,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP grew its position in Jacobs Solutions by 11.5% in the 3rd quarter. Allworth Financial LP now owns 4,339 shares of the company’s stock worth $568,000 after purchasing an additional 447 shares during the last quarter. BayBridge Capital Group LLC acquired a new stake in Jacobs Solutions in the 3rd quarter worth $975,000. Ballentine Partners LLC grew its position in Jacobs Solutions by 8.5% in the 3rd quarter. Ballentine Partners LLC now owns 7,215 shares of the company’s stock worth $944,000 after purchasing an additional 565 shares during the last quarter. Mount Yale Investment Advisors LLC grew its position in Jacobs Solutions by 7.8% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 3,787 shares of the company’s stock worth $496,000 after purchasing an additional 274 shares during the last quarter. Finally, Dakota Wealth Management grew its position in Jacobs Solutions by 6.1% in the 3rd quarter. Dakota Wealth Management now owns 2,296 shares of the company’s stock worth $301,000 after purchasing an additional 132 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on J. Citigroup raised their price target on shares of Jacobs Solutions from $138.60 to $166.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Robert W. Baird decreased their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. UBS Group lifted their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Truist Financial decreased their target price on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Finally, Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a research report on Friday, October 4th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $159.30.

Jacobs Solutions Trading Down 0.7 %

Shares of J stock opened at $139.63 on Friday. Jacobs Solutions Inc. has a 12-month low of $100.59 and a 12-month high of $144.56. The company has a market capitalization of $17.35 billion, a P/E ratio of 27.59, a P/E/G ratio of 1.43 and a beta of 0.72. The firm has a 50-day moving average price of $143.58 and a 200 day moving average price of $142.62. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.39 billion. During the same period in the previous year, the firm posted $1.82 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis. Research analysts forecast that Jacobs Solutions Inc. will post 7.95 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is 22.92%.

Insider Buying and Selling

In related news, SVP William B. Allen, Jr. sold 1,451 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction of $212,586.01. Following the completion of the sale, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at $3,911,670.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Shelette M. Gustafson sold 4,167 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the completion of the transaction, the executive vice president now owns 24,564 shares in the company, valued at approximately $3,688,038.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William B. Allen, Jr. sold 1,451 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction of $212,586.01. Following the transaction, the senior vice president now owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,516 shares of company stock valued at $1,124,533 over the last ninety days. 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.