MAI Capital Management Sells 291 Shares of Jacobs Solutions Inc. (NYSE:J)

MAI Capital Management decreased its stake in Jacobs Solutions Inc. (NYSE:J) by 7.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,894 shares of the company’s stock after selling 291 shares during the period. MAI Capital Management’s holdings in Jacobs Solutions were worth $510,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in J. O Shaughnessy Asset Management LLC raised its stake in Jacobs Solutions by 37.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,839 shares of the company’s stock worth $590,000 after buying an additional 1,036 shares during the last quarter. Natixis raised its position in shares of Jacobs Solutions by 55.0% in the 1st quarter. Natixis now owns 3,242 shares of the company’s stock worth $498,000 after acquiring an additional 1,150 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of Jacobs Solutions in the 1st quarter worth about $223,000. Toronto Dominion Bank boosted its position in shares of Jacobs Solutions by 2.0% during the 1st quarter. Toronto Dominion Bank now owns 70,973 shares of the company’s stock valued at $10,911,000 after purchasing an additional 1,382 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in Jacobs Solutions during the first quarter worth approximately $48,000. 85.65% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Christopher M.T. Thompson sold 1,898 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were 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 4.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Shelette M. Gustafson sold 4,167 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.14, for a total transaction of $625,633.38. Following the sale, the executive vice president now owns 24,564 shares of the company’s stock, valued at $3,688,038.96. This trade represents a 14.50 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Jacobs Solutions Price Performance

J stock opened at $137.38 on Friday. The company has a market capitalization of $17.07 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 2.04 and a beta of 0.71. Jacobs Solutions Inc. has a 52-week low of $101.64 and a 52-week high of $150.54. The business has a 50-day simple moving average of $142.11 and a two-hundred day simple moving average of $142.29. 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 (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 return on equity of 14.82% and a net margin of 5.16%. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter last year, the company posted $1.90 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts expect that Jacobs Solutions Inc. will post 6 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is presently 18.33%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on J. Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a report on Friday, October 4th. StockNews.com assumed coverage on shares of Jacobs Solutions in a research note on Monday, November 18th. They set a “buy” rating on the stock. Robert W. Baird lifted their price target on shares of Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday. UBS Group increased their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada decreased their target price on Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating for the company in a research report on Thursday. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $156.50.

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.