Jacobs Solutions Inc. (NYSE:J) Shares Purchased by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. increased its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 5,498.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,265 shares of the company's stock after buying an additional 41,510 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Jacobs Solutions were worth $5,486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in J. Cambridge Investment Research Advisors Inc. boosted its holdings in Jacobs Solutions by 29.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 20,320 shares of the company's stock valued at $2,774,000 after acquiring an additional 4,565 shares in the last quarter. Raymond James & Associates grew its holdings in Jacobs Solutions by 14.7% in the third quarter. Raymond James & Associates now owns 80,498 shares of the company's stock worth $10,988,000 after purchasing an additional 10,296 shares during the period. Mackenzie Financial Corp increased its stake in shares of Jacobs Solutions by 106.8% during the third quarter. Mackenzie Financial Corp now owns 100,791 shares of the company's stock valued at $13,420,000 after purchasing an additional 52,063 shares in the last quarter. Strs Ohio lifted its holdings in shares of Jacobs Solutions by 555.6% during the third quarter. Strs Ohio now owns 104,279 shares of the company's stock valued at $14,234,000 after purchasing an additional 88,372 shares during the last quarter. Finally, IFM Investors Pty Ltd raised its stake in Jacobs Solutions by 3.0% during the third quarter. IFM Investors Pty Ltd now owns 12,551 shares of the company's stock valued at $1,713,000 after buying an additional 364 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on J shares. Bank of America upped their price target 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. Truist Financial decreased their price target on Jacobs Solutions from $154.00 to $153.00 and set a "hold" rating for the company in a research note on Wednesday. William Blair lowered Jacobs Solutions from an "outperform" rating to a "market perform" rating in a research report on Wednesday. Royal Bank of Canada raised 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. Finally, Robert W. Baird reduced their price target on shares of Jacobs Solutions from $168.00 to $163.00 and set an "outperform" rating for the company in a research note on Wednesday. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $156.25.

Jacobs Solutions Stock Performance

NYSE:J traded up $1.28 during mid-day trading on Thursday, hitting $139.79. 1,086,217 shares of the company traded hands, compared to its average volume of 658,571. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. The stock's fifty day moving average price is $147.17 and its 200-day moving average price is $138.31. The firm has a market cap of $17.56 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 1.57 and a beta of 0.74. Jacobs Solutions Inc. has a one year low of $109.00 and a one year high of $154.50.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.07. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period in the prior year, the firm posted $1.81 EPS. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. Research analysts anticipate that Jacobs Solutions Inc. will post 8.07 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 24th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.83%. The ex-dividend date is Thursday, May 23rd. Jacobs Solutions's dividend payout ratio is currently 20.71%.

Insider Buying and Selling at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 shares of the firm's stock in a transaction dated 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 owns 555,138 shares in the company, valued at $85,047,141.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Steven J. Demetriou sold 7,000 shares of the business's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $1,072,400.00. Following the sale, the insider now directly owns 555,138 shares in the company, valued at approximately $85,047,141.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kevin C. Berryman sold 1,500 shares of the company's 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 sale, the chief financial officer now owns 233,104 shares in the company, valued at $35,711,532.80. The disclosure for this sale can be found here. Insiders have sold a total of 24,338 shares of company stock valued at $3,618,695 over the last ninety days. 1.00% of the stock is currently owned by company insiders.

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.