Ninety One SA PTY Ltd Makes New Investment in Jacobs Solutions Inc. (NYSE:J)

Ninety One SA PTY Ltd purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 40,462 shares of the company's stock, valued at approximately $5,252,000.

Several other large investors have also recently made changes to their positions in the company. First Pacific Financial purchased a new stake in Jacobs Solutions in the 4th quarter valued at $27,000. Clear Street Markets LLC grew its holdings in Jacobs Solutions by 93.8% in the 1st quarter. Clear Street Markets LLC now owns 250 shares of the company's stock valued at $29,000 after buying an additional 121 shares in the last quarter. Park Place Capital Corp grew its holdings in 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 buying an additional 218 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Jacobs Solutions in the 3rd quarter valued at $42,000. Finally, Quilter Plc purchased a new stake in Jacobs Solutions in the 1st quarter valued at $349,536,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Steven J. Demetriou sold 7,000 shares of the firm's 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 $1,072,400.00. Following the completion of the sale, the insider now directly owns 555,138 shares of the company's stock, valued at approximately $85,047,141.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the completion of the transaction, the insider now directly owns 555,138 shares of the company's stock, valued at $85,047,141.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Shelette M. Gustafson sold 1,852 shares of Jacobs Solutions stock in a transaction on Friday, February 16th. The stock was sold at an average price of $148.00, for a total value of $274,096.00. Following the transaction, the executive vice president now directly owns 28,791 shares of the company's stock, valued at $4,261,068. The disclosure for this sale can be found here. Insiders sold 15,838 shares of company stock valued at $2,393,710 in the last three months. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

Jacobs Solutions Stock Performance

NYSE:J traded up $0.53 during mid-day trading on Thursday, reaching $143.50. 244,312 shares of the stock were exchanged, compared to its average volume of 662,692. The company has a 50 day simple moving average of $147.65 and a 200-day simple moving average of $137.55. The stock has a market capitalization of $18.03 billion, a P/E ratio of 25.63, a P/E/G ratio of 1.54 and a beta of 0.73. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. Jacobs Solutions Inc. has a 1 year low of $109.00 and a 1 year high of $154.50.

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

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were issued a $0.29 dividend. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Thursday, February 22nd. Jacobs Solutions's dividend payout ratio (DPR) is currently 20.71%.

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.