Capstone Investment Advisors LLC bought a new stake in Jacobs Solutions Inc. (NYSE:J – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund bought 55,609 shares of the company’s stock, valued at approximately $7,007,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new position in Jacobs Solutions during the 3rd quarter worth $27,000. Wealth Watch Advisors INC acquired a new position in shares of Jacobs Solutions during the third quarter valued at $33,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Jacobs Solutions during the second quarter valued at about $30,000. International Assets Investment Management LLC bought a new stake in shares of Jacobs Solutions during the fourth quarter valued at about $38,000. Finally, Compass Financial Management LLC acquired a new stake in Jacobs Solutions in the second quarter worth about $43,000. Institutional investors own 85.65% of the company’s stock.
Jacobs Solutions Stock Performance
J opened at $150.41 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10. The firm has a market cap of $17.76 billion, a PE ratio of 53.34, a P/E/G ratio of 1.46 and a beta of 0.68. The business has a fifty day simple moving average of $135.41 and a 200-day simple moving average of $130.11. Jacobs Solutions Inc. has a fifty-two week low of $105.68 and a fifty-two week high of $168.44.
Jacobs Solutions Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, August 21st. Jacobs Solutions’s payout ratio is presently 51.06%.
Insider Transactions at Jacobs Solutions
In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the completion of the sale, the president directly owned 67,356 shares of the company’s stock, valued at approximately $9,705,999.60. This represents a 20.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.48% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on J. Weiss Ratings upgraded shares of Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Wells Fargo & Company dropped their price target on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 7th. Royal Bank Of Canada upped their price target on shares of Jacobs Solutions from $171.00 to $174.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Citigroup raised their price objective on shares of Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, KeyCorp dropped their target price on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $153.70.
About Jacobs Solutions
Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.
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