D.A. Davidson & CO. Acquires 265 Shares of Jacobs Solutions Inc. (NYSE:J)

D.A. Davidson & CO. increased its position in shares of Jacobs Solutions Inc. (NYSE:JFree Report) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,991 shares of the company’s stock after purchasing an additional 265 shares during the quarter. D.A. Davidson & CO.’s holdings in Jacobs Solutions were worth $818,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Covestor Ltd lifted its position in Jacobs Solutions by 64.9% during the second quarter. Covestor Ltd now owns 666 shares of the company’s stock worth $79,000 after purchasing an additional 262 shares during the period. Cibc World Market Inc. lifted its position in Jacobs Solutions by 1.1% during the second quarter. Cibc World Market Inc. now owns 15,233 shares of the company’s stock worth $1,811,000 after purchasing an additional 167 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Jacobs Solutions by 9.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 691,955 shares of the company’s stock worth $94,452,000 after purchasing an additional 62,259 shares during the period. Baird Financial Group Inc. lifted its position in Jacobs Solutions by 11.7% during the second quarter. Baird Financial Group Inc. now owns 31,410 shares of the company’s stock worth $3,734,000 after purchasing an additional 3,286 shares during the period. Finally, Raymond James & Associates lifted its position in Jacobs Solutions by 14.7% during the third quarter. Raymond James & Associates now owns 80,498 shares of the company’s stock worth $10,988,000 after purchasing an additional 10,296 shares during the period. Institutional investors own 84.77% of the company’s stock.

Wall Street Analysts Forecast Growth

J has been the subject of several recent analyst reports. Royal Bank of Canada upped their price objective on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Stifel Nicolaus reissued a “buy” rating and issued a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, November 21st. Raymond James cut shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 22nd. KeyCorp began coverage on shares of Jacobs Solutions in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Finally, Benchmark reissued a “buy” rating and issued a $160.00 target price on shares of Jacobs Solutions in a report on Wednesday, November 22nd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $152.11.

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Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, insider Steven J. Demetriou sold 6,666 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $127.75, for a total transaction of $851,581.50. Following the completion of the sale, the insider now owns 581,138 shares of the company’s stock, valued at approximately $74,240,379.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Jacobs Solutions news, insider Steven J. Demetriou sold 6,666 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $127.75, for a total transaction of $851,581.50. Following the completion of the sale, the insider now owns 581,138 shares of the company’s stock, valued at approximately $74,240,379.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William B. Allen, Jr. sold 1,500 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $129.50, for a total transaction of $194,250.00. Following the sale, the senior vice president now directly owns 28,150 shares of the company’s stock, valued at approximately $3,645,425. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,832 shares of company stock valued at $3,112,190. 1.00% of the stock is currently owned by company insiders.

Jacobs Solutions Stock Performance

Jacobs Solutions stock opened at $145.52 on Tuesday. The business has a 50 day moving average of $132.16 and a 200-day moving average of $132.63. Jacobs Solutions Inc. has a 1 year low of $109.00 and a 1 year high of $145.77. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $18.28 billion, a P/E ratio of 25.99, a P/E/G ratio of 1.54 and a beta of 0.73.

Jacobs Solutions (NYSE:JGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.46. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. 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 prior year, the firm posted $1.67 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts predict that Jacobs Solutions Inc. will post 8.06 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, February 22nd. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.26. Jacobs Solutions’s dividend payout ratio is currently 20.71%.

Jacobs Solutions Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Jacobs Solutions (NYSE:J)

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