Rafferty Asset Management LLC raised its holdings in shares of Jacobs Solutions Inc. (NYSE:J – Free Report) by 9.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,011 shares of the company’s stock after acquiring an additional 846 shares during the quarter. Rafferty Asset Management LLC’s holdings in Jacobs Solutions were worth $1,367,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Covestor Ltd grew its position in Jacobs Solutions by 64.9% in the second quarter. Covestor Ltd now owns 666 shares of the company’s stock worth $79,000 after acquiring an additional 262 shares in the last quarter. Cibc World Market Inc. grew its position in Jacobs Solutions by 1.1% in the second quarter. Cibc World Market Inc. now owns 15,233 shares of the company’s stock worth $1,811,000 after acquiring an additional 167 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Jacobs Solutions by 9.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 691,955 shares of the company’s stock worth $94,452,000 after acquiring an additional 62,259 shares in the last quarter. Baird Financial Group Inc. grew its position in Jacobs Solutions by 11.7% in the second quarter. Baird Financial Group Inc. now owns 31,410 shares of the company’s stock worth $3,734,000 after acquiring an additional 3,286 shares in the last quarter. Finally, Raymond James & Associates grew its position in Jacobs Solutions by 14.7% in the third quarter. Raymond James & Associates now owns 80,498 shares of the company’s stock worth $10,988,000 after acquiring an additional 10,296 shares in the last quarter. 84.77% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other news, EVP Shelette M. Gustafson sold 1,852 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 28,791 shares of the company’s stock, valued at $4,261,068. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Ralph E. Eberhart sold 3,500 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $129.86, for a total transaction of $454,510.00. Following the sale, the director now directly owns 26,754 shares of the company’s stock, valued at $3,474,274.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Shelette M. Gustafson sold 1,852 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 28,791 shares in the company, valued at $4,261,068. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,018 shares of company stock valued at $2,475,578. 1.00% of the stock is currently owned by insiders.
Jacobs Solutions Stock Performance
Shares of NYSE:J opened at $146.99 on Friday. The company has a market capitalization of $18.47 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 1.53 and a beta of 0.73. Jacobs Solutions Inc. has a 52 week low of $109.00 and a 52 week high of $149.17. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $135.34 and a 200 day moving average of $133.73.
Jacobs Solutions (NYSE:J – Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The company had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter in the previous year, the firm posted $1.67 earnings per share. Jacobs Solutions’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, sell-side analysts predict that Jacobs Solutions Inc. will post 8.06 earnings per share for the current fiscal year.
Jacobs Solutions Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd will be issued a $0.29 dividend. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a yield of 0.79%. The ex-dividend date is Thursday, February 22nd. Jacobs Solutions’s payout ratio is currently 18.57%.
Analysts Set New Price Targets
Several analysts have issued reports on J shares. Stifel Nicolaus reissued a “buy” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, November 21st. Raymond James downgraded shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 22nd. KeyCorp started coverage on shares of Jacobs Solutions in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company. Benchmark reissued a “buy” rating and issued a $160.00 price objective on shares of Jacobs Solutions in a research note on Wednesday, November 22nd. Finally, Royal Bank of Canada raised their price objective on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $152.11.
Check Out Our Latest Analysis on Jacobs Solutions
Jacobs Solutions Company Profile
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.
See Also
Want to see what other hedge funds are holding J? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jacobs Solutions Inc. (NYSE:J – Free Report).
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.