Ninety One UK Ltd Boosts Stock Position in Jacobs Solutions Inc. (NYSE:J)

Ninety One UK Ltd grew its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,044,031 shares of the company’s stock after buying an additional 114,076 shares during the period. Ninety One UK Ltd owned 1.62% of Jacobs Solutions worth $265,315,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in J. First Pacific Financial purchased a new position in Jacobs Solutions in the 4th quarter worth approximately $27,000. Clear Street Markets LLC lifted its holdings in Jacobs Solutions by 93.8% in the 1st quarter. Clear Street Markets LLC now owns 250 shares of the company’s stock worth $29,000 after purchasing an additional 121 shares in the last quarter. Park Place Capital Corp lifted its holdings in Jacobs Solutions by 473.9% in the 3rd quarter. Park Place Capital Corp now owns 264 shares of the company’s stock worth $36,000 after purchasing an additional 218 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new position in Jacobs Solutions in the 3rd quarter worth approximately $42,000. Finally, Money Concepts Capital Corp purchased a new position in Jacobs Solutions in the 4th quarter worth approximately $46,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 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 $229,800.00. Following the transaction, the chief financial officer now owns 233,104 shares of the company’s stock, valued at approximately $35,711,532.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 1,852 shares of the company’s 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 sale, the executive vice president now directly owns 28,791 shares in the company, valued at approximately $4,261,068. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin C. Berryman sold 1,500 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 $229,800.00. Following the completion of the sale, the chief financial officer now owns 233,104 shares of the company’s stock, valued at $35,711,532.80. The disclosure for this sale can be found here. Insiders have sold 15,838 shares of company stock valued at $2,393,710 in the last quarter. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Truist Financial assumed coverage on Jacobs Solutions in a report on Thursday, March 14th. They issued a “hold” rating and a $154.00 price target on the stock. KeyCorp initiated coverage on Jacobs Solutions in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Argus lifted their price objective 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 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. Finally, Bank of America lifted their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $154.08.

Jacobs Solutions Trading Up 0.3 %

Shares of NYSE J traded up $0.49 during trading hours on Thursday, hitting $143.46. 82,519 shares of the company traded hands, compared to its average volume of 659,535. The stock has a market capitalization of $18.03 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 1.54 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. The company’s 50 day moving average price is $147.64 and its 200 day moving average price is $137.51. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.81%. The ex-dividend date was Thursday, February 22nd. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.26. Jacobs Solutions’s dividend payout ratio is 20.71%.

Jacobs Solutions Company 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.