Charles Schwab Investment Management Inc. Acquires 14,405 Shares of Jacobs Solutions Inc. (NYSE:J)

Charles Schwab Investment Management Inc. raised its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 1.9% in the third quarter, Holdings Channel reports. The institutional investor owned 760,516 shares of the company’s stock after buying an additional 14,405 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Jacobs Solutions were worth $99,552,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of J. EdgeRock Capital LLC bought a new stake in shares of Jacobs Solutions in the second quarter valued at about $26,000. Bruce G. Allen Investments LLC raised its holdings in Jacobs Solutions by 427.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after acquiring an additional 171 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after acquiring an additional 74 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Jacobs Solutions during the 3rd quarter worth approximately $42,000. Finally, LRI Investments LLC acquired a new position in shares of Jacobs Solutions in the first quarter valued at $48,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on J. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a report on Friday, October 4th. UBS Group raised their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Citigroup decreased their price objective on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. StockNews.com started coverage on Jacobs Solutions in a report on Tuesday. They issued a “buy” rating for the company. Finally, Royal Bank of Canada decreased their price target on Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating on the stock in a research note on Thursday, November 21st. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $156.50.

Jacobs Solutions Price Performance

Shares of J stock opened at $140.69 on Wednesday. Jacobs Solutions Inc. has a 52 week low of $101.64 and a 52 week high of $150.54. The stock has a market capitalization of $17.48 billion, a PE ratio of 22.23, a PEG ratio of 2.07 and a beta of 0.71. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.14 and a current ratio of 1.20. The stock’s fifty day moving average is $141.92 and its 200-day moving average is $142.32.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $4.50 billion. During the same quarter in the previous year, the business posted $1.90 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. Equities research analysts expect that Jacobs Solutions Inc. will post 6.07 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.82%. Jacobs Solutions’s payout ratio is currently 18.33%.

Insider Activity

In other news, EVP Shelette M. Gustafson sold 4,167 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total value of $625,633.38. Following the transaction, the executive vice president now directly owns 24,564 shares in the company, valued at $3,688,038.96. This trade represents a 14.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher M.T. Thompson sold 1,898 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the sale, the director now owns 42,069 shares of the company’s stock, valued at $6,346,108.65. This represents a 4.32 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

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.