Robeco Institutional Asset Management B.V. Boosts Stock Position in Jacobs Solutions Inc. (NYSE:J)

Robeco Institutional Asset Management B.V. raised its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 300.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,443 shares of the company’s stock after buying an additional 31,100 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Jacobs Solutions were worth $5,425,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Empirical Finance LLC grew its holdings in shares of Jacobs Solutions by 3.5% during the first quarter. Empirical Finance LLC now owns 4,591 shares of the company’s stock valued at $706,000 after buying an additional 154 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Jacobs Solutions by 2.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 16,336 shares of the company’s stock valued at $2,511,000 after purchasing an additional 370 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Jacobs Solutions by 23.5% in the 1st quarter. Empowered Funds LLC now owns 2,925 shares of the company’s stock worth $450,000 after purchasing an additional 557 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Jacobs Solutions by 126.9% in the first quarter. SG Americas Securities LLC now owns 48,633 shares of the company’s stock worth $7,476,000 after purchasing an additional 27,202 shares during the last quarter. Finally, Wealthspire Advisors LLC bought a new position in shares of Jacobs Solutions during the first quarter valued at $220,000. 85.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on J shares. StockNews.com lowered Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. 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 report on Friday, October 4th. Royal Bank of Canada raised their target price 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. Robert W. Baird decreased their target price on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, Truist Financial dropped 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 stock. According to MarketBeat, Jacobs Solutions currently has an average rating of “Moderate Buy” and an average price target of $159.30.

Insiders Place Their Bets

In related news, Director Christopher M.T. Thompson sold 1,898 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the sale, the director now directly owns 42,069 shares in the company, valued at approximately $6,346,108.65. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value of $625,633.38. Following the transaction, the executive vice president now owns 24,564 shares of the company’s stock, valued at approximately $3,688,038.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,516 shares of company stock worth $1,124,533. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of J opened at $146.44 on Friday. The business has a 50-day simple moving average of $143.07 and a two-hundred day simple moving average of $142.61. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. Jacobs Solutions Inc. has a 52 week low of $100.59 and a 52 week high of $148.89. The stock has a market cap of $18.20 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 1.49 and a beta of 0.71.

Jacobs Solutions (NYSE:J) last issued its quarterly 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 business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.82 earnings per share. On average, analysts expect that Jacobs Solutions Inc. will post 7.95 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.79%. The ex-dividend date is Friday, October 25th. Jacobs Solutions’s dividend payout ratio is currently 22.92%.

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.