Schechter Investment Advisors LLC Grows Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Schechter Investment Advisors LLC increased its position in shares of Jacobs Solutions Inc. (NYSE:J) by 9.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,237 shares of the company’s stock after buying an additional 626 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Jacobs Solutions were worth $939,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Clear Street Markets LLC grew its stake in shares of Jacobs Solutions by 93.8% in the first quarter. Clear Street Markets LLC now owns 250 shares of the company’s stock worth $29,000 after acquiring an additional 121 shares in the last quarter. Park Place Capital Corp lifted its position in Jacobs Solutions by 473.9% in the third quarter. Park Place Capital Corp now owns 264 shares of the company’s stock valued at $36,000 after acquiring an additional 218 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Jacobs Solutions in the third quarter valued at $42,000. Money Concepts Capital Corp purchased a new stake in Jacobs Solutions in the fourth quarter valued at $46,000. Finally, Quarry LP lifted its position in Jacobs Solutions by 78.9% in the first quarter. Quarry LP now owns 442 shares of the company’s stock valued at $52,000 after acquiring an additional 195 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insider Activity at Jacobs Solutions

In related news, EVP Shelette M. Gustafson sold 1,852 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $148.00, for a total transaction of $274,096.00. Following the completion of the sale, the executive vice president now directly owns 28,791 shares of the company’s stock, valued at approximately $4,261,068. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Patrick Hill sold 5,486 shares of Jacobs Solutions stock in a transaction dated Friday, March 8th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Shelette M. Gustafson sold 1,852 shares of Jacobs Solutions stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $148.00, for a total transaction of $274,096.00. Following the completion of the transaction, the executive vice president now directly owns 28,791 shares of the company’s stock, valued at $4,261,068. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Performance

NYSE:J opened at $152.90 on Thursday. 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 market cap of $19.21 billion, a P/E ratio of 27.30, a P/E/G ratio of 1.59 and a beta of 0.73. Jacobs Solutions Inc. has a fifty-two week low of $109.00 and a fifty-two week high of $153.01. The firm’s 50 day moving average is $143.80 and its two-hundred day moving average is $135.84.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.46. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The business had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter last year, the firm posted $1.67 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. Analysts expect that Jacobs Solutions Inc. will post 8.06 EPS for the current year.

Jacobs Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Thursday, February 22nd. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.26. Jacobs Solutions’s dividend payout ratio (DPR) is currently 20.71%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on J. Royal Bank of Canada boosted their price target on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. KeyCorp initiated coverage on shares of Jacobs Solutions in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Argus upped their target price on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Finally, Truist Financial initiated coverage on shares of Jacobs Solutions in a report on Thursday, March 14th. They set a “hold” rating and a $154.00 price target for the company. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $154.27.

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.