First Pacific Financial Invests $27,000 in Jacobs Solutions Inc. (NYSE:J)

First Pacific Financial bought a new stake in Jacobs Solutions Inc. (NYSE:J) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 205 shares of the company’s stock, valued at approximately $27,000.

Other large investors have also modified their holdings of the company. Schechter Investment Advisors LLC grew its holdings in shares of Jacobs Solutions by 9.5% during the fourth quarter. Schechter Investment Advisors LLC now owns 7,237 shares of the company’s stock worth $939,000 after purchasing an additional 626 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Jacobs Solutions by 13.4% during the fourth quarter. Pacer Advisors Inc. now owns 9,344 shares of the company’s stock worth $1,213,000 after buying an additional 1,104 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Jacobs Solutions by 3.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 40,132 shares of the company’s stock worth $5,209,000 after purchasing an additional 1,224 shares during the period. Raymond James & Associates raised its position in shares of Jacobs Solutions by 21.0% during the fourth quarter. Raymond James & Associates now owns 97,436 shares of the company’s stock worth $12,647,000 after purchasing an additional 16,938 shares during the period. Finally, Richelieu Gestion SA raised its position in shares of Jacobs Solutions by 22.3% during the fourth quarter. Richelieu Gestion SA now owns 18,120 shares of the company’s stock worth $2,352,000 after purchasing an additional 3,308 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Trading Up 1.7 %

Shares of J stock opened at $152.90 on Thursday. The stock has a 50-day moving average of $144.25 and a 200-day moving average of $135.96. Jacobs Solutions Inc. has a 1-year low of $109.00 and a 1-year high of $153.01. The stock has a market cap of $19.21 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 1.59 and a beta of 0.73. The company has a current ratio of 1.37, a quick 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 EPS for the quarter, topping the consensus estimate of $1.56 by $0.46. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter last year, the firm posted $1.67 earnings per share. The firm’s revenue was up 10.6% on a year-over-year basis. On average, equities research analysts forecast that Jacobs Solutions Inc. will post 8.06 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, February 22nd. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.26. Jacobs Solutions’s dividend payout ratio (DPR) is currently 20.71%.

Insider Activity

In related news, EVP Patrick Hill sold 5,486 shares of Jacobs Solutions stock in a transaction on Friday, March 8th. The stock was sold at an average price of $149.00, for a total transaction of $817,414.00. Following the sale, the executive vice president now directly owns 57,233 shares in the company, valued at $8,527,717. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Shelette M. Gustafson sold 1,852 shares of Jacobs Solutions stock in a transaction on Friday, February 16th. The stock was sold at an average price of $148.00, for a total value of $274,096.00. Following the completion of the transaction, the executive vice president now directly owns 28,791 shares in the company, valued at $4,261,068. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Patrick Hill sold 5,486 shares of Jacobs Solutions stock in a transaction on Friday, March 8th. The shares were sold at an average price of $149.00, for a total value of $817,414.00. Following the completion of the transaction, the executive vice president now owns 57,233 shares of the company’s stock, valued at $8,527,717. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on J shares. Royal Bank of Canada lifted their target price on Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. KeyCorp began coverage on Jacobs Solutions in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company. Truist Financial began coverage on Jacobs Solutions in a research note on Thursday, March 14th. They issued a “hold” rating and a $154.00 price target for the company. Finally, Argus lifted their target price on Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Jacobs Solutions presently has an average rating of “Moderate Buy” and an average target price of $154.27.

Jacobs Solutions Profile

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.