OneDigital Investment Advisors LLC Increases Holdings in Jacobs Solutions Inc. (NYSE:J)

OneDigital Investment Advisors LLC raised its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,239 shares of the company’s stock after purchasing an additional 86 shares during the period. OneDigital Investment Advisors LLC’s holdings in Jacobs Solutions were worth $293,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Sei Investments Co. raised its stake in Jacobs Solutions by 32.1% in the second quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock worth $37,968,000 after buying an additional 66,002 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of Jacobs Solutions in the third quarter worth $709,000. Asset Management One Co. Ltd. increased its holdings in shares of Jacobs Solutions by 6.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 76,308 shares of the company’s stock valued at $9,989,000 after purchasing an additional 4,858 shares in the last quarter. MBB Public Markets I LLC acquired a new position in shares of Jacobs Solutions in the second quarter worth about $1,302,000. Finally, Tidal Investments LLC raised its position in Jacobs Solutions by 62.0% during the first quarter. Tidal Investments LLC now owns 16,647 shares of the company’s stock worth $2,559,000 after acquiring an additional 6,371 shares during the period. Institutional investors own 85.65% of the company’s stock.

Insider Activity

In related news, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction that occurred 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 $6,346,108.65. This trade represents a 4.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of the business’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 completion of the transaction, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at approximately $3,688,038.96. The trade was a 14.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Benchmark lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday. Robert W. Baird lifted their target price on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research report on Wednesday. UBS Group increased their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Royal Bank of Canada decreased their price target on shares of Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, StockNews.com began coverage on Jacobs Solutions in a report on Monday. They issued a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $156.89.

Jacobs Solutions Stock Up 2.5 %

Shares of NYSE:J opened at $135.82 on Friday. The firm has a 50 day simple moving average of $142.25 and a 200 day simple moving average of $142.37. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.14 and a current ratio of 1.20. Jacobs Solutions Inc. has a 52 week low of $100.59 and a 52 week high of $150.54. The company has a market cap of $16.88 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 2.04 and a beta of 0.71.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same quarter in the prior year, the firm earned $1.90 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, research analysts expect that Jacobs Solutions Inc. will post 6 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 0.85%. Jacobs Solutions’s dividend payout ratio is 18.33%.

Jacobs Solutions Company 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.