First Horizon Advisors Inc. Increases Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

First Horizon Advisors Inc. increased its stake in Jacobs Solutions Inc. (NYSE:J) by 44.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 241 shares of the company’s stock after acquiring an additional 74 shares during the quarter. First Horizon Advisors Inc.’s holdings in Jacobs Solutions were worth $32,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in J. Advisors Asset Management Inc. raised its holdings in Jacobs Solutions by 0.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 79,238 shares of the company’s stock valued at $10,372,000 after acquiring an additional 338 shares during the last quarter. Commerce Bank increased its holdings in shares of Jacobs Solutions by 2.6% in the third quarter. Commerce Bank now owns 6,623 shares of the company’s stock valued at $867,000 after purchasing an additional 165 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Jacobs Solutions by 16.7% during the third quarter. PNC Financial Services Group Inc. now owns 43,343 shares of the company’s stock worth $5,674,000 after buying an additional 6,201 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Jacobs Solutions during the third quarter worth $1,575,000. Finally, Quest Partners LLC grew its holdings in Jacobs Solutions by 1,989.8% in the 3rd quarter. Quest Partners LLC now owns 24,848 shares of the company’s stock valued at $3,253,000 after buying an additional 23,659 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Jacobs Solutions

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

Jacobs Solutions Price Performance

J stock opened at $139.36 on Tuesday. The business’s fifty day moving average price is $142.01 and its 200 day moving average price is $142.31. Jacobs Solutions Inc. has a 12-month low of $101.64 and a 12-month high of $150.54. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $17.32 billion, a PE ratio of 22.02, a P/E/G ratio of 2.07 and a beta of 0.71.

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

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.83%. Jacobs Solutions’s dividend payout ratio (DPR) is 18.33%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on J shares. Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Robert W. Baird lifted their target price on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Citigroup dropped their price target on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. Truist Financial decreased their price objective on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Finally, StockNews.com initiated coverage on Jacobs Solutions in a research note on Tuesday. They set a “buy” rating for the company. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and a consensus price target of $156.50.

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.