Telos Capital Management Inc. Has $10.13 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

Telos Capital Management Inc. raised its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 7.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 78,002 shares of the company's stock after acquiring an additional 5,596 shares during the period. Jacobs Solutions accounts for about 1.2% of Telos Capital Management Inc.'s holdings, making the stock its 24th biggest position. Telos Capital Management Inc. owned 0.06% of Jacobs Solutions worth $10,125,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. First Pacific Financial acquired a new stake in shares of Jacobs Solutions during the 4th quarter worth $27,000. Clear Street Markets LLC raised its holdings in shares of Jacobs Solutions by 93.8% in the 1st quarter. Clear Street Markets LLC now owns 250 shares of the company's stock worth $29,000 after purchasing an additional 121 shares during the period. Park Place Capital Corp lifted its stake in shares of Jacobs Solutions by 473.9% in the 3rd quarter. Park Place Capital Corp now owns 264 shares of the company's stock valued at $36,000 after purchasing an additional 218 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new position in Jacobs Solutions during the third quarter valued at approximately $42,000. Finally, Money Concepts Capital Corp acquired a new stake in shares of Jacobs Solutions in the fourth quarter worth $46,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Insider Buying and Selling at Jacobs Solutions

In related news, EVP Shelette M. Gustafson sold 1,852 shares of the business's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $148.00, for a total transaction of $274,096.00. Following the completion of the transaction, the executive vice president now owns 28,791 shares in the company, valued at approximately $4,261,068. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $229,800.00. Following the completion of the transaction, the chief financial officer now directly owns 233,104 shares of the company's stock, valued at approximately $35,711,532.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Shelette M. Gustafson sold 1,852 shares of the firm's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $148.00, for a total value of $274,096.00. Following the completion of the sale, the executive vice president now owns 28,791 shares in the company, valued at $4,261,068. The disclosure for this sale can be found here. Insiders sold a total of 15,838 shares of company stock worth $2,393,710 over the last ninety days. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Bank of America lifted their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the company a "neutral" rating in a report on Tuesday, April 2nd. Argus boosted their price target on Jacobs Solutions from $161.00 to $174.00 and gave the stock a "buy" rating in a research report on Thursday, March 14th. Truist Financial initiated coverage on shares of Jacobs Solutions in a research report on Thursday, March 14th. They issued a "hold" rating and a $154.00 price objective for the company. Royal Bank of Canada boosted their target price on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 7th. Finally, KeyCorp began coverage on shares of Jacobs Solutions in a research note on Wednesday, January 10th. They issued a "sector weight" rating for the company. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Jacobs Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $154.08.

Jacobs Solutions Stock Performance

Shares of NYSE J traded down $2.01 during trading on Wednesday, reaching $142.97. The stock had a trading volume of 478,492 shares, compared to its average volume of 667,432. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market cap of $17.96 billion, a PE ratio of 25.89, a P/E/G ratio of 1.53 and a beta of 0.73. Jacobs Solutions Inc. has a one year low of $109.00 and a one year high of $154.50. The firm's 50 day moving average price is $147.66 and its two-hundred day moving average price is $137.47.

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

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were paid a dividend of $0.29 per share. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.16 annualized dividend and a yield of 0.81%. Jacobs Solutions's dividend payout ratio is 20.71%.

Jacobs Solutions 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.