Inceptionr LLC Purchases Shares of 5,930 Jacobs Solutions Inc. (NYSE:J)

Inceptionr LLC purchased a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,930 shares of the company's stock, valued at approximately $770,000. Jacobs Solutions makes up 0.5% of Inceptionr LLC's investment portfolio, making the stock its 25th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Thornburg Investment Management Inc. bought a new stake in shares of Jacobs Solutions in the 4th quarter worth $804,000. Janney Capital Management LLC boosted its holdings in shares of Jacobs Solutions by 24.0% in the 4th quarter. Janney Capital Management LLC now owns 4,254 shares of the company's stock worth $552,000 after buying an additional 824 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Jacobs Solutions by 19.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 8,136 shares of the company's stock worth $1,056,000 after buying an additional 1,307 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Jacobs Solutions by 6.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 120,936 shares of the company's stock worth $15,337,000 after buying an additional 6,854 shares during the last quarter. Finally, Hikari Tsushin Inc. purchased a new position in shares of Jacobs Solutions in the 4th quarter worth about $345,000. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock traded down $0.44 on Tuesday, reaching $137.88. The stock had a trading volume of 399,888 shares, compared to its average volume of 652,126. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. The business's 50 day moving average is $146.71 and its two-hundred day moving average is $138.49. The company has a market cap of $17.26 billion, a P/E ratio of 26.62, a price-to-earnings-growth ratio of 1.60 and a beta of 0.74. 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 posted its quarterly earnings data on Tuesday, May 7th. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.07. The company had revenue of $4.27 billion for 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 revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 24th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Thursday, May 23rd. Jacobs Solutions's payout ratio is currently 22.39%.

Analysts Set New Price Targets

Several equities research analysts have commented on J shares. Citigroup upped their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the company a "buy" rating in a report on Monday, April 22nd. Royal Bank of Canada upped their price objective 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. Robert W. Baird dropped their price objective on shares of Jacobs Solutions from $168.00 to $163.00 and set an "outperform" rating on the stock in a report on Wednesday, May 8th. Argus upped their price objective on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a "buy" rating in a report on Thursday, March 14th. Finally, William Blair downgraded shares of Jacobs Solutions from an "outperform" rating to a "market perform" rating in a report on Wednesday, May 8th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $156.82.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 1,852 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $148.00, for a total transaction of $274,096.00. Following the transaction, the executive vice president now directly owns 28,791 shares in the company, valued at $4,261,068. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Shelette M. Gustafson sold 1,852 shares of the firm's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $148.00, for a total value of $274,096.00. Following the transaction, the executive vice president now owns 28,791 shares in the company, valued at $4,261,068. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin C. Berryman sold 1,500 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 transaction of $229,800.00. Following the completion of the transaction, the chief financial officer now owns 233,104 shares in the company, valued at approximately $35,711,532.80. 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 ninety days. 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.

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