Swiss National Bank Sells 14,200 Shares of Jacobs Solutions Inc. (NYSE:J)

Swiss National Bank decreased its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 393,800 shares of the company's stock after selling 14,200 shares during the quarter. Swiss National Bank owned approximately 0.31% of Jacobs Solutions worth $51,115,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. First Pacific Financial acquired a new position in Jacobs Solutions in the fourth quarter valued at about $27,000. GAMMA Investing LLC purchased a new stake in Jacobs Solutions during the fourth quarter worth about $27,000. Tennessee Valley Asset Management Partners purchased a new stake in Jacobs Solutions during the fourth quarter worth about $59,000. Private Trust Co. NA increased its stake in Jacobs Solutions by 17.8% during the fourth quarter. Private Trust Co. NA now owns 575 shares of the company's stock worth $75,000 after purchasing an additional 87 shares during the period. Finally, Evolution Advisers Inc. purchased a new stake in Jacobs Solutions during the fourth quarter worth about $77,000. Institutional investors and hedge funds own 85.65% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 7th. KeyCorp assumed coverage on shares of Jacobs Solutions in a research note on Wednesday, January 10th. They set a "sector weight" rating on the stock. Citigroup upped their target price on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a "buy" rating in a research note on Monday, April 22nd. Bank of America upped their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 2nd. Finally, Truist Financial assumed coverage on shares of Jacobs Solutions in a research note on Thursday, March 14th. They set a "hold" rating and a $154.00 target price on the stock. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $155.25.

Jacobs Solutions Price Performance

J traded down $7.38 on Tuesday, hitting $141.70. 1,386,742 shares of the company were exchanged, compared to its average volume of 646,521. The business's fifty day moving average is $147.34 and its 200 day moving average is $138.31. Jacobs Solutions Inc. has a fifty-two week low of $109.00 and a fifty-two week high of $154.50. 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 firm has a market capitalization of $17.80 billion, a P/E ratio of 25.30, a price-to-earnings-growth ratio of 1.57 and a beta of 0.74.

Jacobs Solutions (NYSE:J - Get Free Report) last announced 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. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The business had revenue of $4.20 billion during the quarter, compared to analysts' expectations of $4.02 billion. During the same quarter last year, the business posted $1.67 earnings per share. The business's revenue for the quarter was up 10.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Jacobs Solutions Inc. will post 8.07 EPS for the current year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 24th will be issued a $0.29 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.82%. Jacobs Solutions's dividend payout ratio (DPR) is 20.71%.

Insider Activity

In other news, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $229,800.00. Following the completion of the sale, the chief financial officer now directly owns 233,104 shares in the company, valued at $35,711,532.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Kevin C. Berryman sold 1,500 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 value of $229,800.00. Following the completion of the sale, the chief financial officer now owns 233,104 shares of the company's stock, valued at $35,711,532.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Patrick Hill sold 5,486 shares of the company's stock in a transaction on Friday, March 8th. The shares were sold at an average price of $149.00, for a total value of $817,414.00. Following the completion of the transaction, the executive vice president now owns 57,233 shares of the company's stock, valued at $8,527,717. The disclosure for this sale can be found here. Insiders have sold 24,338 shares of company stock worth $3,618,695 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

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.