United Asset Strategies Inc. Reduces Stake in Jacobs Solutions Inc. (NYSE:J)

United Asset Strategies Inc. decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 2.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 29,946 shares of the company’s stock after selling 612 shares during the quarter. United Asset Strategies Inc.’s holdings in Jacobs Solutions were worth $3,887,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in J. Vanguard Group Inc. lifted its holdings in shares of Jacobs Solutions by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 13,998,808 shares of the company’s stock valued at $1,929,175,000 after purchasing an additional 250,587 shares during the last quarter. Select Equity Group L.P. lifted its stake in Jacobs Solutions by 12.6% in the first quarter. Select Equity Group L.P. now owns 4,717,432 shares of the company’s stock valued at $554,345,000 after buying an additional 529,557 shares during the last quarter. Capital International Investors boosted its holdings in shares of Jacobs Solutions by 8.1% in the first quarter. Capital International Investors now owns 4,049,450 shares of the company’s stock valued at $558,055,000 after acquiring an additional 304,996 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Jacobs Solutions by 0.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,446,374 shares of the company’s stock worth $447,339,000 after acquiring an additional 14,821 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of Jacobs Solutions by 10.1% in the 4th quarter. Mackenzie Financial Corp now owns 3,271,522 shares of the company’s stock valued at $392,812,000 after acquiring an additional 300,725 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on J shares. Royal Bank of Canada increased their price target on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Truist Financial initiated coverage on shares of Jacobs Solutions in a research note on Thursday, March 14th. They set a “hold” rating and a $154.00 target price for the company. Bank of America boosted their price target on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. KeyCorp started coverage on Jacobs Solutions in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Finally, Argus boosted 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 research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $154.08.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock traded up $0.53 during trading on Tuesday, reaching $144.51. The company’s stock had a trading volume of 109,474 shares, compared to its average volume of 662,211. The business has a 50 day moving average price of $147.55 and a 200-day moving average price of $137.41. Jacobs Solutions Inc. has a 12-month low of $109.00 and a 12-month high of $154.50. The company has a market capitalization of $18.16 billion, a P/E ratio of 25.72, a price-to-earnings-growth ratio of 1.53 and a beta of 0.73. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42.

Jacobs Solutions (NYSE:J) last issued 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. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.02 billion. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.67 EPS. As a group, sell-side analysts anticipate that Jacobs Solutions Inc. will post 8.07 EPS for the current year.

Jacobs Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were issued a $0.29 dividend. The ex-dividend date was Thursday, February 22nd. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a yield of 0.80%. Jacobs Solutions’s dividend payout ratio (DPR) is 20.71%.

Insider Activity

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the sale, the insider now directly owns 555,138 shares in the company, valued at $85,047,141.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Shelette M. Gustafson sold 1,852 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $148.00, for a total value of $274,096.00. Following the sale, the executive vice president now directly owns 28,791 shares in the company, valued at $4,261,068. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the transaction, the insider now directly owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The disclosure for this sale can be found here. In the last three months, insiders sold 15,838 shares of company stock worth $2,393,710. Company 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.