Machina Capital S.A.S. Buys Shares of 3,162 Jacobs Solutions Inc. (NYSE:J)

Machina Capital S.A.S. acquired a new position in Jacobs Solutions Inc. (NYSE:J) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,162 shares of the company’s stock, valued at approximately $410,000.

A number of other institutional investors have also added to or reduced their stakes in J. Commonwealth Equity Services LLC raised its stake in Jacobs Solutions by 2.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 60,623 shares of the company’s stock worth $8,275,000 after buying an additional 1,722 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Jacobs Solutions by 29.0% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 20,320 shares of the company’s stock worth $2,774,000 after purchasing an additional 4,565 shares in the last quarter. Pinnacle Associates Ltd. bought a new stake in Jacobs Solutions during the 3rd quarter worth approximately $204,000. Raymond James & Associates increased its holdings in Jacobs Solutions by 14.7% during the 3rd quarter. Raymond James & Associates now owns 80,498 shares of the company’s stock worth $10,988,000 after purchasing an additional 10,296 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its holdings in Jacobs Solutions by 0.9% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 9,346 shares of the company’s stock worth $1,276,000 after purchasing an additional 86 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

Jacobs Solutions stock traded up $0.98 during trading on Monday, hitting $149.08. The stock had a trading volume of 1,014,557 shares, compared to its average volume of 637,195. 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. The stock’s 50 day moving average is $147.46 and its two-hundred day moving average is $138.24. The stock has a market cap of $18.73 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 1.57 and a beta of 0.74.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, topping 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 business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.67 earnings per share. As a group, analysts predict that Jacobs Solutions Inc. will post 8.07 EPS for the current year.

Jacobs Solutions Dividend Announcement

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

Insiders Place Their Bets

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $143.86, for a total transaction of $1,007,020.00. Following the sale, the insider now owns 548,138 shares in the company, valued at $78,855,132.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Kevin C. Berryman sold 1,500 shares of the 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 sale, the chief financial officer now owns 233,104 shares in the company, valued at $35,711,532.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $143.86, for a total value of $1,007,020.00. Following the completion of the sale, the insider now owns 548,138 shares in the company, valued at approximately $78,855,132.68. The disclosure for this sale can be found here. Insiders have sold a total of 24,338 shares of company stock worth $3,618,695 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Bank of America boosted their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Royal Bank of Canada boosted their price objective on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. KeyCorp initiated coverage on Jacobs Solutions in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company. 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. Finally, Argus upped their target price on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $155.25.

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.