Qsemble Capital Management LP Takes $1.18 Million Position in Jacobs Solutions Inc. (NYSE:J)

Qsemble Capital Management LP purchased a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,053 shares of the company's stock, valued at approximately $1,175,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Mirabella Financial Services LLP bought a new stake in shares of Jacobs Solutions during the third quarter valued at about $202,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of Jacobs Solutions during the fourth quarter valued at about $5,192,000. Wellington Management Group LLP raised its stake in shares of Jacobs Solutions by 62.7% during the third quarter. Wellington Management Group LLP now owns 61,010 shares of the company's stock valued at $8,328,000 after purchasing an additional 23,509 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Jacobs Solutions by 76.0% during the fourth quarter. Federated Hermes Inc. now owns 34,122 shares of the company's stock valued at $4,429,000 after purchasing an additional 14,740 shares in the last quarter. Finally, Raymond James & Associates raised its stake in shares of Jacobs Solutions by 14.7% during the third quarter. Raymond James & Associates now owns 80,498 shares of the company's stock valued at $10,988,000 after purchasing an additional 10,296 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Bank of America boosted their price target on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 2nd. Royal Bank of Canada boosted their price target 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. Robert W. Baird dropped their price target on shares of Jacobs Solutions from $168.00 to $163.00 and set an "outperform" rating on the stock in a research report on Wednesday. Truist Financial dropped their price target on shares of Jacobs Solutions from $154.00 to $153.00 and set a "hold" rating on the stock in a research report on Wednesday. Finally, Citigroup boosted their price target on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a "buy" rating in a research report on Monday, April 22nd. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $156.82.

Jacobs Solutions Trading Down 0.4 %

NYSE J traded down $0.55 on Friday, hitting $139.24. 472,520 shares of the company were exchanged, compared to its average volume of 601,329. The firm has a market capitalization of $17.43 billion, a P/E ratio of 26.88, a price-to-earnings-growth ratio of 1.61 and a beta of 0.74. Jacobs Solutions Inc. has a twelve month low of $109.00 and a twelve month high of $154.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.37. The company's 50 day moving average price is $146.89 and its 200-day moving average price is $138.37.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.84 by $0.07. The business had revenue of $4.27 billion during the quarter, compared to analysts' expectations of $4.33 billion. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $1.81 earnings per share. Analysts predict that Jacobs Solutions Inc. will post 7.98 earnings per share for the current fiscal 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 paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, May 23rd. Jacobs Solutions's dividend payout ratio (DPR) is presently 22.39%.

Insider Buying and Selling

In other news, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction dated Monday, April 1st. The stock was 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 approximately $35,711,532.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Patrick Hill sold 5,486 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $149.00, for a total transaction of $817,414.00. Following the transaction, the executive vice president now owns 57,233 shares of the company's stock, valued at approximately $8,527,717. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevin C. Berryman sold 1,500 shares of the business'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 $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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,338 shares of company stock worth $3,618,695. Corporate insiders own 1.00% of the company's stock.

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.

Want to see what other hedge funds are holding J? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jacobs Solutions Inc. (NYSE:J - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.