Thornburg Investment Management Inc. Invests $804,000 in Jacobs Solutions Inc. (NYSE:J)

Thornburg Investment Management Inc. acquired a new position in shares of Jacobs Solutions Inc. (NYSE:J) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,196 shares of the company’s stock, valued at approximately $804,000.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of Jacobs Solutions in the fourth quarter valued at approximately $27,000. First Pacific Financial bought a new position in shares of Jacobs Solutions in the fourth quarter valued at approximately $27,000. Northwest Financial Advisors bought a new position in shares of Jacobs Solutions in the fourth quarter valued at approximately $39,000. Tennessee Valley Asset Management Partners bought a new position in shares of Jacobs Solutions in the fourth quarter valued at approximately $59,000. Finally, Private Trust Co. NA lifted its holdings in shares of Jacobs Solutions by 17.8% in the fourth quarter. Private Trust Co. NA now owns 575 shares of the company’s stock valued at $75,000 after purchasing an additional 87 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Trading Up 0.1 %

Shares of NYSE J traded up $0.10 during midday trading on Thursday, reaching $137.81. The company had a trading volume of 211,028 shares, compared to its average volume of 646,197. Jacobs Solutions Inc. has a one year low of $109.00 and a one year high of $154.50. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The firm’s fifty day moving average price is $146.34 and its 200-day moving average price is $138.53. The stock has a market cap of $17.26 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 1.59 and a beta of 0.74.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, May 7th. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.07. The company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.33 billion. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. Jacobs Solutions’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.81 EPS. On average, equities research analysts anticipate that Jacobs Solutions Inc. will post 7.98 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently declared 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. This represents a $1.16 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Thursday, May 23rd. Jacobs Solutions’s payout ratio is 22.39%.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 548,138 shares in the company, valued at approximately $78,855,132.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the company’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 $229,800.00. Following the transaction, the chief financial officer now owns 233,104 shares in the company, valued at approximately $35,711,532.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction that occurred 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 transaction, 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 sold 24,338 shares of company stock valued at $3,618,695 in the last 90 days. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Robert W. Baird lowered their target price on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. William Blair lowered Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Bank of America boosted their target price on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Argus lifted their price target on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Finally, Truist Financial reduced their price target on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a research report on Wednesday, May 8th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $156.82.

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.