Insider Selling: Jacobs Solutions Inc. (NYSE:J) Insider Sells 7,000 Shares of Stock

Jacobs Solutions Inc. (NYSE:J - Get Free Report) insider Steven J. Demetriou sold 7,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $143.86, for a total transaction of $1,007,020.00. Following the transaction, the insider now owns 548,138 shares in the company, valued at approximately $78,855,132.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Jacobs Solutions Trading Up 2.2 %

NYSE J traded up $3.26 on Friday, hitting $148.19. 668,452 shares of the stock were exchanged, compared to its average volume of 632,808. The company's 50-day moving average price is $147.38 and its two-hundred day moving average price is $138.05. The company has a market capitalization of $18.62 billion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 1.52 and a beta of 0.74. Jacobs Solutions Inc. has a 52-week low of $109.00 and a 52-week high of $154.50. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.37.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.46. The business had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.02 billion. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. Jacobs Solutions's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 earnings per share. Research analysts predict that Jacobs Solutions Inc. will post 8.07 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 24th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.16 annualized dividend and a yield of 0.78%. Jacobs Solutions's dividend payout ratio is presently 20.71%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Argus increased their price target on Jacobs Solutions from $161.00 to $174.00 and gave the company a "buy" rating in a research note on Thursday, March 14th. KeyCorp started coverage on Jacobs Solutions in a report on Wednesday, January 10th. They set a "sector weight" rating on the stock. Royal Bank of Canada upped their price target on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an "outperform" rating in a report on Wednesday, February 7th. Truist Financial assumed coverage on shares of Jacobs Solutions in a research note on Thursday, March 14th. They issued a "hold" rating and a $154.00 price objective on the stock. Finally, Bank of America increased their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the company a "neutral" rating in a research note on Tuesday, April 2nd. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $155.25.

Hedge Funds Weigh In On Jacobs Solutions

Several institutional investors and hedge funds have recently modified their holdings of the stock. Capital World Investors lifted its stake in shares of Jacobs Solutions by 0.8% in the 4th quarter. Capital World Investors now owns 6,398,776 shares of the company's stock valued at $830,561,000 after purchasing an additional 49,545 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Jacobs Solutions by 0.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,446,374 shares of the company's stock worth $447,339,000 after acquiring an additional 14,821 shares in the last quarter. Boston Partners increased its holdings in shares of Jacobs Solutions by 268.4% during the 4th quarter. Boston Partners now owns 2,891,429 shares of the company's stock valued at $375,623,000 after acquiring an additional 2,106,589 shares during the last quarter. Ninety One UK Ltd raised its stake in shares of Jacobs Solutions by 5.9% in the 4th quarter. Ninety One UK Ltd now owns 2,044,031 shares of the company's stock valued at $265,315,000 after acquiring an additional 114,076 shares in the last quarter. Finally, Third Point LLC lifted its holdings in Jacobs Solutions by 32.8% in the 3rd quarter. Third Point LLC now owns 1,800,000 shares of the company's stock worth $245,700,000 after purchasing an additional 445,018 shares during 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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