Mount Yale Investment Advisors LLC Buys 274 Shares of Jacobs Solutions Inc. (NYSE:J)

Mount Yale Investment Advisors LLC increased its stake in Jacobs Solutions Inc. (NYSE:J) by 7.8% in the third quarter, HoldingsChannel reports. The fund owned 3,787 shares of the company’s stock after purchasing an additional 274 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Jacobs Solutions were worth $496,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of J. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Jacobs Solutions by 36.4% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 4,212 shares of the company’s stock valued at $648,000 after acquiring an additional 1,123 shares during the last quarter. LVW Advisors LLC increased its holdings in Jacobs Solutions by 10.5% during the 1st quarter. LVW Advisors LLC now owns 4,194 shares of the company’s stock valued at $645,000 after purchasing an additional 397 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Jacobs Solutions by 1.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 373,814 shares of the company’s stock valued at $57,466,000 after purchasing an additional 6,117 shares during the period. Bourgeon Capital Management LLC increased its holdings in Jacobs Solutions by 0.7% during the 1st quarter. Bourgeon Capital Management LLC now owns 51,750 shares of the company’s stock valued at $7,956,000 after purchasing an additional 346 shares during the period. Finally, First Trust Direct Indexing L.P. purchased a new position in Jacobs Solutions during the 1st quarter valued at about $232,000. Institutional investors own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

J has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price target on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. UBS Group boosted their price target on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Truist Financial reduced their price target on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Robert W. Baird reduced their target price on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, Citigroup upped their target price on Jacobs Solutions from $138.60 to $166.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.30.

Jacobs Solutions Stock Performance

Jacobs Solutions stock opened at $140.52 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $17.46 billion, a P/E ratio of 27.77, a PEG ratio of 1.43 and a beta of 0.72. The stock’s 50 day moving average is $144.30 and its 200 day moving average is $142.72. Jacobs Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $144.56.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, hitting the consensus estimate of $1.96. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.82 EPS. On average, equities research analysts predict that Jacobs Solutions Inc. will post 7.95 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be paid a $0.29 dividend. The ex-dividend date is Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.83%. Jacobs Solutions’s payout ratio is currently 22.92%.

Insider Activity at Jacobs Solutions

In related news, SVP William B. Allen, Jr. sold 1,451 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $146.51, for a total value of $212,586.01. Following the transaction, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, SVP William B. Allen, Jr. sold 1,451 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $146.51, for a total value of $212,586.01. Following the transaction, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 Thursday, August 1st. The shares were sold at an average price of $146.88, for a total value of $1,028,160.00. Following the completion of the transaction, the insider now directly owns 527,138 shares in the company, valued at $77,426,029.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,516 shares of company stock valued at $2,152,693. 1.00% of the stock is owned by corporate insiders.

Jacobs Solutions 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.