DAVENPORT & Co LLC increased its holdings in shares of Jacobs Solutions Inc. (NYSE:J – Free Report) by 3.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,409 shares of the company’s stock after buying an additional 129 shares during the period. DAVENPORT & Co LLC’s holdings in Jacobs Solutions were worth $518,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in J. Madison Asset Management LLC increased its position in shares of Jacobs Solutions by 9.9% in the 1st quarter. Madison Asset Management LLC now owns 664,611 shares of the company’s stock valued at $78,098,000 after purchasing an additional 59,733 shares during the last quarter. ZWJ Investment Counsel Inc. increased its position in shares of Jacobs Solutions by 1.0% in the 1st quarter. ZWJ Investment Counsel Inc. now owns 325,480 shares of the company’s stock valued at $38,247,000 after purchasing an additional 3,076 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Jacobs Solutions in the 1st quarter valued at approximately $359,000. Fiera Capital Corp increased its position in shares of Jacobs Solutions by 2.0% in the 1st quarter. Fiera Capital Corp now owns 317,680 shares of the company’s stock valued at $37,331,000 after purchasing an additional 6,306 shares during the last quarter. Finally, Ceredex Value Advisors LLC increased its position in shares of Jacobs Solutions by 3.7% in the 1st quarter. Ceredex Value Advisors LLC now owns 295,231 shares of the company’s stock valued at $34,693,000 after purchasing an additional 10,445 shares during the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $114.25, for a total value of $171,375.00. Following the completion of the sale, the chief financial officer now owns 252,132 shares in the company, valued at approximately $28,806,081. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Steven J. Demetriou sold 6,666 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $115.10, for a total transaction of $767,256.60. Following the transaction, the insider now directly owns 594,624 shares in the company, valued at $68,441,222.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $114.25, for a total transaction of $171,375.00. Following the transaction, the chief financial officer now owns 252,132 shares in the company, valued at $28,806,081. The disclosure for this sale can be found here. Insiders sold a total of 21,498 shares of company stock worth $2,526,406 in the last 90 days. Company insiders own 1.00% of the company’s stock.
Jacobs Solutions Trading Down 0.3 %
Jacobs Solutions (NYSE:J – Get Free Report) last issued its quarterly earnings results on Tuesday, May 9th. The company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.03. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4 billion. Jacobs Solutions had a net margin of 4.96% and a return on equity of 14.78%. Jacobs Solutions’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.72 EPS. On average, sell-side analysts expect that Jacobs Solutions Inc. will post 7.35 earnings per share for the current fiscal year.
Jacobs Solutions Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, July 28th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, July 27th. Jacobs Solutions’s dividend payout ratio is currently 17.25%.
Analyst Ratings Changes
A number of equities research analysts have commented on J shares. StockNews.com assumed coverage on shares of Jacobs Solutions in a research report on Thursday, May 18th. They issued a “buy” rating on the stock. Sanford C. Bernstein dropped their target price on shares of Jacobs Solutions from $165.00 to $150.00 in a research report on Wednesday, May 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Jacobs Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $149.00.
About Jacobs Solutions
Jacobs Solutions Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. It operates through three segments: Critical Mission Solutions, People & Places Solutions, and PA Consulting.
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