Jacobs Solutions Inc. (NYSE:J) Stock Holdings Reduced by Optimum Investment Advisors

Posted by Defense World Staff on Mar 18th, 2023

Optimum Investment Advisors lessened its stake in shares of Jacobs Solutions Inc. (NYSE:J – Get Rating) by 16.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 500 shares of the company’s stock after selling 100 shares during the quarter. Optimum Investment Advisors’ holdings in Jacobs Solutions were worth $60,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in J. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Jacobs Solutions during the 1st quarter worth about $125,000. Panagora Asset Management Inc. boosted its stake in shares of Jacobs Solutions by 22.6% during the 1st quarter. Panagora Asset Management Inc. now owns 3,472 shares of the company’s stock worth $478,000 after acquiring an additional 641 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Jacobs Solutions by 5.7% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,290 shares of the company’s stock worth $2,383,000 after acquiring an additional 933 shares in the last quarter. Cibc World Market Inc. lifted its position in shares of Jacobs Solutions by 4.8% during the 1st quarter. Cibc World Market Inc. now owns 14,801 shares of the company’s stock worth $2,040,000 after purchasing an additional 680 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its position in shares of Jacobs Solutions by 5.6% during the 1st quarter. Vontobel Holding Ltd. now owns 8,445 shares of the company’s stock worth $1,179,000 after purchasing an additional 448 shares during the last quarter. Institutional investors own 85.96% of the company’s stock.

Jacobs Solutions Trading Down 3.7 %

Shares of J opened at $113.06 on Friday. Jacobs Solutions Inc. has a 1 year low of $106.78 and a 1 year high of $150.32. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.55. The stock has a 50 day simple moving average of $121.70 and a 200-day simple moving average of $119.89. The stock has a market cap of $14.33 billion, a PE ratio of 22.57, a PEG ratio of 1.57 and a beta of 0.86.

Jacobs Solutions (NYSE:J – Get Rating) last issued its earnings results on Tuesday, February 7th. The company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.06. Jacobs Solutions had a return on equity of 14.84% and a net margin of 4.21%. The business had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same period in the prior year, the firm posted $1.56 EPS. Jacobs Solutions’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, sell-side analysts predict that Jacobs Solutions Inc. will post 7.39 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, February 24th will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, February 23rd. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 0.92%. Jacobs Solutions’s dividend payout ratio is 20.76%.

Jacobs Solutions declared that its board has authorized a share buyback plan on Wednesday, January 25th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 6.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on J. Bank of America cut Jacobs Solutions from a “buy” rating to a “neutral” rating and set a $137.00 price objective for the company. in a research report on Friday, January 13th. Royal Bank of Canada boosted their price objective on Jacobs Solutions from $150.00 to $151.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 8th. StockNews.com started coverage on Jacobs Solutions in a report on Thursday. They issued a “buy” rating for the company. Robert W. Baird raised Jacobs Solutions from a “neutral” rating to an “outperform” rating and upped their price target for the company from $136.00 to $150.00 in a report on Friday, January 6th. Finally, Credit Suisse Group cut their price target on Jacobs Solutions from $161.00 to $155.00 in a report on Wednesday, February 8th. One investment analyst has rated the stock with a hold rating and five have assigned 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 $148.80.

Insider Buying and Selling

In related news, insider Steven J. Demetriou sold 6,666 shares of the stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $121.94, for a total transaction of $812,852.04. Following the sale, the insider now directly owns 621,288 shares in the company, valued at approximately $75,759,858.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Steven J. Demetriou sold 6,666 shares of the stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $121.94, for a total transaction of $812,852.04. Following the sale, the insider now directly owns 621,288 shares in the company, valued at approximately $75,759,858.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher M.T. Thompson sold 3,500 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $119.64, for a total value of $418,740.00. Following the sale, the director now owns 34,682 shares in the company, valued at $4,149,354.48. The disclosure for this sale can be found here. Insiders have sold a total of 23,498 shares of company stock worth $2,849,564 in the last three months. Insiders own 1.00% of the company’s stock.

Jacobs Solutions Profile

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Jacobs Solutions, Inc is a holding company, which engages in the designing and deployment of technology-centric solutions. It operates through the following business segments: Critical Mission Solutions, People and Places Solutions, and PA Consulting. The Critical Mission Solutions segment offer broad sectors, including U.S.