Steven J. Demetriou Sells 7,000 Shares of Jacobs Solutions Inc. (NYSE:J) Stock

Jacobs Solutions Inc. (NYSE:J) insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $143.86, for a total transaction of $1,007,020.00. Following the completion of the transaction, the insider now owns 548,138 shares in the company, valued at approximately $78,855,132.68. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $148.10 on Friday. The firm’s 50-day simple moving average is $147.41 and its 200 day simple moving average is $138.12. The stock has a market cap of $18.61 billion, a P/E ratio of 26.45, 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 Inc. has a fifty-two week low of $109.00 and a fifty-two week high of $154.50.

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

Jacobs Solutions Dividend Announcement

The company also recently declared 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 dividend on an annualized basis 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%.

Institutional Trading of Jacobs Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of J. Boston Partners boosted its stake in Jacobs Solutions by 268.4% during the fourth quarter. Boston Partners now owns 2,891,429 shares of the company’s stock valued at $375,623,000 after buying an additional 2,106,589 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Jacobs Solutions by 134.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,658,049 shares of the company’s stock valued at $215,215,000 after acquiring an additional 951,369 shares during the last quarter. Baupost Group LLC MA bought a new position in shares of Jacobs Solutions during the 3rd quarter valued at about $66,583,000. Third Point LLC grew its stake in shares of Jacobs Solutions by 32.8% in the 3rd quarter. Third Point LLC now owns 1,800,000 shares of the company’s stock worth $245,700,000 after purchasing an additional 445,018 shares during the last quarter. Finally, Ceredex Value Advisors LLC raised its holdings in shares of Jacobs Solutions by 117.2% in the 4th quarter. Ceredex Value Advisors LLC now owns 615,289 shares of the company’s stock worth $79,865,000 after purchasing an additional 332,053 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on J shares. Royal Bank of Canada lifted their price target 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. Truist Financial assumed coverage on Jacobs Solutions in a report on Thursday, March 14th. They set a “hold” rating and a $154.00 target price for the company. Citigroup raised their price target on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. KeyCorp started coverage on Jacobs Solutions in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company. Finally, Bank of America boosted their price target on shares of Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $155.25.

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.