Swiss National Bank Sells 17,300 Shares of Jacobs Solutions Inc. (NYSE:J)

Posted by Defense World Staff on Aug 20th, 2023

Swiss National Bank decreased its position in Jacobs Solutions Inc. (NYSE:J – Free Report) by 3.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 501,300 shares of the company’s stock after selling 17,300 shares during the period. Swiss National Bank owned about 0.40% of Jacobs Solutions worth $58,908,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Jacobs Solutions during the 1st quarter worth approximately $125,000. Panagora Asset Management Inc. raised 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 purchasing an additional 641 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised 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 purchasing an additional 933 shares in the last quarter. Cibc World Market Inc. raised its stake 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 in the last quarter. Finally, Vontobel Holding Ltd. raised its stake 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 in the last quarter. Institutional investors own 85.11% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of NYSE J opened at $133.55 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.46. The stock’s fifty day moving average price is $123.88 and its two-hundred day moving average price is $119.37. Jacobs Solutions Inc. has a one year low of $106.78 and a one year high of $137.61. The firm has a market cap of $16.82 billion, a price-to-earnings ratio of 23.03, a P/E/G ratio of 1.79 and a beta of 0.84.

Jacobs Solutions (NYSE:J – Get Free Report) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $1.82 EPS for the quarter, meeting analysts’ consensus estimates of $1.82. Jacobs Solutions had a return on equity of 14.30% and a net margin of 4.65%. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.07 billion. During the same period in the prior year, the firm posted $1.86 EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts forecast that Jacobs Solutions Inc. will post 7.34 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, July 28th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Thursday, July 27th. Jacobs Solutions’s dividend payout ratio (DPR) is currently 17.93%.

Insider Transactions at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 6,666 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $136.52, for a total transaction of $910,042.32. Following the sale, the insider now directly owns 581,292 shares of the company’s stock, valued at approximately $79,357,983.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Steven J. Demetriou sold 6,666 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $136.52, for a total transaction of $910,042.32. Following the completion of the sale, the insider now directly owns 581,292 shares in the company, valued at approximately $79,357,983.84. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $125.30, for a total value of $187,950.00. Following the sale, the chief financial officer now owns 249,132 shares of the company’s stock, valued at $31,216,239.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,998 shares of company stock valued at $2,856,475. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Credit Suisse Group dropped their price target on Jacobs Solutions from $153.00 to $151.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 9th. StockNews.com assumed coverage on Jacobs Solutions in a research note on Thursday. They issued a “buy” rating on the stock. Sanford C. Bernstein dropped their price target on Jacobs Solutions from $165.00 to $150.00 in a research note on Wednesday, May 10th. Robert W. Baird increased their price target on Jacobs Solutions from $135.00 to $150.00 in a research note on Wednesday, August 9th. Finally, Citigroup increased their price target on Jacobs Solutions from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $149.00.

Get Our Latest Report on Jacobs Solutions

Jacobs Solutions Company Profile

(Free Report)

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.