Jacobs Solutions Inc. (NYSE:J) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 12,990.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 13,614 shares of the company’s stock after acquiring an additional 13,510 shares during the period. International Assets Investment Management LLC’s holdings in Jacobs Solutions were worth $1,782,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Trust Direct Indexing L.P. purchased a new position in Jacobs Solutions in the first quarter valued at approximately $232,000. J.W. Cole Advisors Inc. purchased a new position in Jacobs Solutions in the first quarter valued at about $287,000. Private Advisor Group LLC lifted its stake in shares of Jacobs Solutions by 4.3% during the first quarter. Private Advisor Group LLC now owns 11,985 shares of the company’s stock worth $1,843,000 after purchasing an additional 497 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Jacobs Solutions by 2.6% in the first quarter. Janney Montgomery Scott LLC now owns 72,851 shares of the company’s stock valued at $11,199,000 after buying an additional 1,823 shares in the last quarter. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Jacobs Solutions during the 1st quarter valued at about $149,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analysts Set New Price Targets

J has been the subject of several recent research reports. UBS Group increased their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Robert W. Baird lowered their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Royal Bank of Canada boosted their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research report on Friday, October 4th. Finally, Truist Financial cut their price target on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $159.30.

Jacobs Solutions Price Performance

Shares of J opened at $139.62 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. The firm has a market cap of $17.35 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 1.42 and a beta of 0.71. Jacobs Solutions Inc. has a 52 week low of $100.59 and a 52 week high of $144.56. The stock has a 50 day moving average of $143.58 and a 200-day moving average of $142.60.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, meeting the consensus estimate of $1.96. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.39 billion. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.82 earnings per share. As a group, analysts forecast that Jacobs Solutions Inc. will post 7.95 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be issued a $0.29 dividend. The ex-dividend date is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 0.83%. Jacobs Solutions’s dividend payout ratio is currently 22.92%.

Insider Buying and Selling at Jacobs Solutions

In related news, SVP William B. Allen, Jr. sold 1,451 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $146.51, for a total transaction of $212,586.01. Following the completion of the transaction, the senior vice president now directly owns 26,699 shares in the company, valued at $3,911,670.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the sale, the senior vice president now directly owns 26,699 shares in the company, valued at $3,911,670.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher M.T. Thompson sold 1,898 shares of the company’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 transaction, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,516 shares of company stock worth $1,124,533 over the last ninety days. Company insiders own 1.00% of the company’s stock.

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.