Manuel J. Fernandez Buys 145 Shares of Jacobs Solutions Inc. (NYSE:J) Stock

Jacobs Solutions Inc. (NYSE:J - Get Free Report) Director Manuel J. Fernandez acquired 145 shares of Jacobs Solutions stock in a transaction that occurred on Thursday, May 8th. The shares were purchased at an average price of $120.61 per share, for a total transaction of $17,488.45. Following the transaction, the director now directly owns 9,617 shares in the company, valued at $1,159,906.37. The trade was a 1.53% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Jacobs Solutions Stock Up 3.9%

Shares of J traded up $4.83 during trading hours on Monday, reaching $127.59. 1,132,875 shares of the stock traded hands, compared to its average volume of 798,307. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $156.31. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. The stock has a fifty day simple moving average of $120.47 and a 200 day simple moving average of $130.74. The company has a market cap of $15.64 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $3 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The business's revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.91 EPS. On average, equities analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Friday, May 23rd. Jacobs Solutions's dividend payout ratio (DPR) is presently 35.26%.

Jacobs Solutions announced that its Board of Directors has initiated a share repurchase plan on Tuesday, February 4th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 9% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Robert W. Baird dropped their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Citigroup cut their price target on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. UBS Group reduced their price objective on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a research report on Friday. Truist Financial increased their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research report on Monday. Finally, Royal Bank of Canada lifted their price target on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $150.86.

Hedge Funds Weigh In On Jacobs Solutions

Several hedge funds have recently made changes to their positions in J. Colonial Trust Co SC lifted its holdings in Jacobs Solutions by 10,250.0% during the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after purchasing an additional 205 shares in the last quarter. Avalon Trust Co purchased a new stake in shares of Jacobs Solutions in the fourth quarter worth about $33,000. Rossby Financial LCC purchased a new stake in shares of Jacobs Solutions in the first quarter worth about $33,000. Larson Financial Group LLC boosted its position in shares of Jacobs Solutions by 71.9% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after acquiring an additional 115 shares during the period. Finally, Assetmark Inc. grew its stake in Jacobs Solutions by 42.7% during the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after acquiring an additional 100 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

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.

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