Hartford Investment Management Co. Decreases Stock Position in Jacobs Solutions Inc. (NYSE:J)

Hartford Investment Management Co. decreased its position in Jacobs Solutions Inc. (NYSE:J) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,829 shares of the company’s stock after selling 164 shares during the quarter. Hartford Investment Management Co.’s holdings in Jacobs Solutions were worth $1,025,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Boston Partners grew its position in Jacobs Solutions by 27.9% in the first quarter. Boston Partners now owns 3,697,086 shares of the company’s stock valued at $567,436,000 after acquiring an additional 805,657 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Jacobs Solutions by 6.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock valued at $464,736,000 after buying an additional 192,166 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Jacobs Solutions by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock valued at $169,366,000 after buying an additional 127,605 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Jacobs Solutions by 12.0% during the 2nd quarter. American Century Companies Inc. now owns 632,868 shares of the company’s stock valued at $88,418,000 after buying an additional 67,821 shares during the last quarter. Finally, Ceredex Value Advisors LLC boosted its stake in shares of Jacobs Solutions by 5.5% during the 2nd quarter. Ceredex Value Advisors LLC now owns 601,944 shares of the company’s stock valued at $84,098,000 after buying an additional 31,225 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a research note on Friday, October 4th. StockNews.com upgraded Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Citigroup raised their price objective on Jacobs Solutions from $138.60 to $166.00 and gave the stock a “buy” rating in a research note on Tuesday. UBS Group raised their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Finally, Royal Bank of Canada raised their price objective on Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $159.30.

Jacobs Solutions Price Performance

Shares of J opened at $140.52 on Friday. The firm has a market capitalization of $17.46 billion, a price-to-earnings ratio of 27.77, a price-to-earnings-growth ratio of 1.43 and a beta of 0.72. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. Jacobs Solutions Inc. has a one year low of $100.59 and a one year high of $144.56. The stock’s fifty day moving average is $144.43 and its 200-day moving average is $142.80.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.96. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. Jacobs Solutions’s revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.82 earnings per share. Equities analysts anticipate that Jacobs Solutions Inc. will post 7.95 EPS for the current 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 given a $0.29 dividend. The ex-dividend date is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.83%. Jacobs Solutions’s dividend payout ratio (DPR) is 22.92%.

Insider Activity at Jacobs Solutions

In related news, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the transaction, the director now owns 42,069 shares in the company, valued at $6,346,108.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $146.88, for a total value of $1,028,160.00. Following the sale, the insider now owns 527,138 shares of the company’s stock, valued at $77,426,029.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,516 shares of company stock worth $2,152,693 in the last quarter. 1.00% of the stock is owned by company insiders.

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.