Jacobs Solutions Inc. (NYSE:J) Shares Bought by Savant Capital LLC

Savant Capital LLC increased its stake in Jacobs Solutions Inc. (NYSE:J) by 44.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,638 shares of the company’s stock after acquiring an additional 2,638 shares during the period. Savant Capital LLC’s holdings in Jacobs Solutions were worth $1,121,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Mirabella Financial Services LLP acquired a new position in shares of Jacobs Solutions in the 3rd quarter valued at $202,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in Jacobs Solutions during the fourth quarter worth about $5,192,000. Wellington Management Group LLP raised its holdings in shares of Jacobs Solutions by 62.7% in the 3rd quarter. Wellington Management Group LLP now owns 61,010 shares of the company’s stock worth $8,328,000 after purchasing an additional 23,509 shares during the period. Federated Hermes Inc. lifted its stake in shares of Jacobs Solutions by 76.0% in the 4th quarter. Federated Hermes Inc. now owns 34,122 shares of the company’s stock valued at $4,429,000 after purchasing an additional 14,740 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Jacobs Solutions by 9.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 691,955 shares of the company’s stock valued at $94,452,000 after purchasing an additional 62,259 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $229,800.00. Following the transaction, the chief financial officer now directly owns 233,104 shares in the company, valued at $35,711,532.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the completion of the transaction, the insider now owns 555,138 shares in the company, valued at approximately $85,047,141.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $229,800.00. Following the transaction, the chief financial officer now owns 233,104 shares of the company’s stock, valued at $35,711,532.80. The disclosure for this sale can be found here. Insiders have sold a total of 24,338 shares of company stock valued at $3,618,695 in the last quarter. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on J. Citigroup increased their target price on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Truist Financial began coverage on shares of Jacobs Solutions in a research report on Thursday, March 14th. They issued a “hold” rating and a $154.00 price objective for the company. Royal Bank of Canada lifted their target price on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. KeyCorp initiated coverage on shares of Jacobs Solutions in a research report on Wednesday, January 10th. They set a “sector weight” rating for the company. Finally, Bank of America raised their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $155.25.

Jacobs Solutions Price Performance

J stock opened at $148.19 on Friday. The stock’s 50 day moving average is $147.38 and its two-hundred day moving average is $138.05. Jacobs Solutions Inc. has a 52-week low of $109.00 and a 52-week high of $154.50. The company has a market capitalization of $18.62 billion, a PE ratio of 26.46, a P/E/G ratio of 1.54 and a beta of 0.74. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. The business had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.02 billion. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 earnings per share. Analysts predict that Jacobs Solutions Inc. will post 8.07 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 24th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, May 23rd. Jacobs Solutions’s payout ratio is currently 20.71%.

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.