First Horizon Advisors Inc. Grows Stake in Jacobs Solutions Inc. (NYSE:J)

First Horizon Advisors Inc. grew its stake in Jacobs Solutions Inc. (NYSE:J) by 44.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 241 shares of the company’s stock after purchasing an additional 74 shares during the period. First Horizon Advisors Inc.’s holdings in Jacobs Solutions were worth $32,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of J. Tlwm lifted its stake in Jacobs Solutions by 1.2% in the second quarter. Tlwm now owns 6,046 shares of the company’s stock worth $845,000 after purchasing an additional 74 shares during the last quarter. Hudson Edge Investment Partners Inc. lifted its stake in shares of Jacobs Solutions by 1.4% during the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock worth $834,000 after acquiring an additional 82 shares during the last quarter. Empirical Finance LLC boosted its holdings in Jacobs Solutions by 1.9% during the 3rd quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock valued at $570,000 after acquiring an additional 82 shares during the period. OneDigital Investment Advisors LLC grew its position in Jacobs Solutions by 4.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock valued at $293,000 after acquiring an additional 86 shares during the last quarter. Finally, American National Bank increased its stake in Jacobs Solutions by 1.4% in the second quarter. American National Bank now owns 6,488 shares of the company’s stock worth $906,000 after purchasing an additional 88 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on J. Benchmark cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Royal Bank of Canada reduced their target price on shares of Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating on the stock in a research report on Thursday, November 21st. Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a report on Friday, October 4th. Truist Financial reduced their price objective on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Finally, Citigroup lowered their target price on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $156.50.

Insiders Place Their Bets

In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions 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 completion of the transaction, the executive vice president now owns 24,564 shares in the company, valued at approximately $3,688,038.96. This trade represents a 14.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Christopher M.T. Thompson sold 1,898 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were 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 represents a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions Trading Up 1.5 %

Shares of NYSE J opened at $139.36 on Tuesday. Jacobs Solutions Inc. has a 1-year low of $101.64 and a 1-year high of $150.54. The business has a fifty day moving average price of $142.01 and a 200 day moving average price of $142.31. The stock has a market capitalization of $17.32 billion, a P/E ratio of 22.02, a price-to-earnings-growth ratio of 2.07 and a beta of 0.71. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.14.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter in the prior year, the business posted $1.90 earnings per share. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts expect that Jacobs Solutions Inc. will post 6.07 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is presently 18.33%.

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.