Amalgamated Bank Raises Holdings in Jacobs Solutions Inc. (NYSE:J)

Amalgamated Bank boosted its position in shares of Jacobs Solutions Inc. (NYSE:J) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,897 shares of the company’s stock after purchasing an additional 1,256 shares during the quarter. Amalgamated Bank’s holdings in Jacobs Solutions were worth $4,400,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. GAMMA Investing LLC acquired a new position in shares of Jacobs Solutions during the 4th quarter valued at about $27,000. First Pacific Financial acquired a new stake in shares of Jacobs Solutions during the fourth quarter valued at about $27,000. Tennessee Valley Asset Management Partners purchased a new stake in Jacobs Solutions during the 4th quarter worth approximately $59,000. Private Trust Co. NA increased its stake 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 worth $75,000 after buying an additional 87 shares during the last quarter. Finally, Evolution Advisers Inc. acquired a new stake in shares of Jacobs Solutions in the 4th quarter valued at about $77,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Down 2.2 %

J stock opened at $138.52 on Thursday. The company has a market cap of $17.40 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 1.57 and a beta of 0.74. Jacobs Solutions Inc. has a 12-month low of $109.00 and a 12-month high of $154.50. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average of $147.34 and a two-hundred day moving average of $138.31.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, May 7th. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.84 by $0.07. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the firm posted $1.81 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts anticipate that Jacobs Solutions Inc. will post 8.07 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 24th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, May 23rd. Jacobs Solutions’s dividend payout ratio is currently 20.71%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on J. Argus boosted their price target on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Truist Financial decreased their price objective on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a report on Wednesday. William Blair downgraded shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Robert W. Baird dropped their price objective on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Citigroup raised their target price on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $156.25.

Insider Activity

In related news, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $229,800.00. Following the completion of the transaction, the chief financial officer now directly owns 233,104 shares in the company, valued at approximately $35,711,532.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Patrick Hill sold 5,486 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $149.00, for a total value of $817,414.00. Following the completion of the transaction, the executive vice president now directly owns 57,233 shares of the company’s stock, valued at approximately $8,527,717. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the transaction, the chief financial officer now directly owns 233,104 shares of the company’s stock, valued at $35,711,532.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,338 shares of company stock valued at $3,618,695. 1.00% of the stock is owned by insiders.

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.