MAI Capital Management grew its stake in Jacobs Solutions Inc. (NYSE:J – Free Report) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,557 shares of the company’s stock after acquiring an additional 105 shares during the period. MAI Capital Management’s holdings in Jacobs Solutions were worth $418,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the stock. Financial Management Professionals Inc. bought a new position in Jacobs Solutions in the first quarter valued at about $25,000. OLD Mission Capital LLC bought a new position in shares of Jacobs Solutions in the 4th quarter valued at about $26,000. BerganKDV Wealth Management LLC acquired a new stake in shares of Jacobs Solutions during the 1st quarter worth approximately $26,000. AlphaMark Advisors LLC bought a new stake in shares of Jacobs Solutions during the fourth quarter worth approximately $30,000. Finally, Money Concepts Capital Corp acquired a new position in Jacobs Solutions in the fourth quarter valued at approximately $46,000. 85.11% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. Credit Suisse Group lowered their target price on shares of Jacobs Solutions from $153.00 to $151.00 and set an “outperform” rating for the company in a report on Wednesday, August 9th. Citigroup lifted their price objective on Jacobs Solutions from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Sanford C. Bernstein cut their target price on Jacobs Solutions from $165.00 to $150.00 in a research note on Wednesday, May 10th. StockNews.com initiated coverage on Jacobs Solutions in a report on Thursday, August 17th. They set a “buy” rating on the stock. Finally, TD Cowen upped their price target on Jacobs Solutions from $128.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $149.00.
Jacobs Solutions Stock Down 0.2 %
NYSE:J opened at $136.13 on Thursday. The stock has a market cap of $17.14 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 1.83 and a beta of 0.84. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average price of $125.10 and a two-hundred day moving average price of $119.60. Jacobs Solutions Inc. has a 1 year low of $106.78 and a 1 year high of $137.61.
Jacobs Solutions (NYSE:J – Get Free Report) last posted its earnings results on Tuesday, August 8th. The company reported $1.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.82. The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.07 billion. Jacobs Solutions had a return on equity of 14.30% and a net margin of 4.65%. Jacobs Solutions’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.86 EPS. As a group, equities analysts expect that Jacobs Solutions Inc. will post 7.35 earnings per share for the current year.
Jacobs Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, July 28th will be issued a dividend of $0.26 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.04 dividend on an annualized basis and a yield of 0.76%. Jacobs Solutions’s payout ratio is currently 17.93%.
Insider Activity at Jacobs Solutions
In other Jacobs Solutions news, insider Steven J. Demetriou sold 6,666 shares of the firm’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 transaction, the insider now directly owns 581,292 shares in the company, valued at approximately $79,357,983.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Steven J. Demetriou sold 6,666 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $136.52, for a total value of $910,042.32. Following the completion of the transaction, 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 can be accessed through this link. Also, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $125.30, for a total transaction of $187,950.00. Following the completion of the transaction, 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. Insiders have sold 22,998 shares of company stock worth $2,856,475 in the last quarter. Company insiders own 1.00% of the company’s stock.
Jacobs Solutions Profile
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.
Featured Stories
- Five stocks we like better than Jacobs Solutions
- What is the Dow Jones Industrial Average (DJIA)?
- Bear Market vs Recession: What Are the Differences?
- How to Use the MarketBeat Stock Screener
- 7 Best AI Mutual Funds (and ETFs) to Sweep the AI Craze
- 3 Small Caps With Big Return Potential
- Auto Parts Stocks Shift Gears: Which is the Right One to Buy?
Receive News & Ratings for Jacobs Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
