Boston Partners Raises Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Boston Partners boosted its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 268.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,891,429 shares of the company's stock after acquiring an additional 2,106,589 shares during the period. Boston Partners owned 2.29% of Jacobs Solutions worth $375,623,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Mirabella Financial Services LLP bought a new stake in shares of Jacobs Solutions during the third quarter valued at approximately $202,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in shares of Jacobs Solutions in the 4th quarter worth about $5,192,000. Wellington Management Group LLP increased its stake in shares of Jacobs Solutions by 62.7% in the 3rd quarter. Wellington Management Group LLP now owns 61,010 shares of the company's stock worth $8,328,000 after acquiring an additional 23,509 shares in the last quarter. Federated Hermes Inc. lifted its position in Jacobs Solutions by 76.0% during the 4th quarter. Federated Hermes Inc. now owns 34,122 shares of the company's stock valued at $4,429,000 after acquiring an additional 14,740 shares during the period. Finally, Raymond James & Associates boosted its stake in Jacobs Solutions by 14.7% during the third quarter. Raymond James & Associates now owns 80,498 shares of the company's stock worth $10,988,000 after acquiring an additional 10,296 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Jacobs Solutions

In related news, insider Steven J. Demetriou sold 7,000 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 value 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $145.31, for a total value of $217,965.00. Following the sale, the chief financial officer now owns 231,604 shares of the company's stock, valued at $33,654,377.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Steven J. Demetriou sold 7,000 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 $1,072,400.00. Following the transaction, the insider now directly owns 555,138 shares of the company's stock, valued at $85,047,141.60. 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 90 days. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

J has been the subject of several analyst reports. Robert W. Baird reduced their price target on Jacobs Solutions from $168.00 to $163.00 and set an "outperform" rating for the company in a report on Wednesday. William Blair lowered shares of Jacobs Solutions from an "outperform" rating to a "market perform" rating in a research note on Wednesday. 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. 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 research report on Wednesday, February 7th. Finally, Argus boosted their price objective on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a "buy" rating in a report on Thursday, March 14th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $156.82.

Jacobs Solutions Price Performance

J traded down $0.55 on Friday, hitting $139.24. 472,520 shares of the company's stock traded hands, compared to its average volume of 601,329. The company's 50 day simple moving average is $146.89 and its 200-day simple moving average is $138.41. The company has a current ratio of 1.17, a quick ratio of 1.37 and a debt-to-equity ratio of 0.32. Jacobs Solutions Inc. has a one year low of $109.00 and a one year high of $154.50. The firm has a market cap of $17.43 billion, a price-to-earnings ratio of 26.88, a P/E/G ratio of 1.60 and a beta of 0.74.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.07. The company 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%. Jacobs Solutions's quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $1.81 earnings per share. As a group, research analysts anticipate that Jacobs Solutions Inc. will post 7.98 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 24th will be given 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 presently 22.39%.

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.