Zurcher Kantonalbank Zurich Cantonalbank Boosts Holdings in Jacobs Solutions Inc. (NYSE:J)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Jacobs Solutions Inc. (NYSE:J) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 89,331 shares of the company’s stock after purchasing an additional 1,383 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.07% of Jacobs Solutions worth $11,595,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in J. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Jacobs Solutions in the first quarter worth approximately $125,000. Panagora Asset Management Inc. lifted its stake in Jacobs Solutions by 22.6% in the first quarter. Panagora Asset Management Inc. now owns 3,472 shares of the company’s stock worth $478,000 after acquiring an additional 641 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Jacobs Solutions by 5.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,290 shares of the company’s stock worth $2,383,000 after acquiring an additional 933 shares during the last quarter. Cibc World Market Inc. lifted its stake in Jacobs Solutions by 4.8% in the first quarter. Cibc World Market Inc. now owns 14,801 shares of the company’s stock worth $2,040,000 after acquiring an additional 680 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in Jacobs Solutions by 5.6% in the first quarter. Vontobel Holding Ltd. now owns 8,445 shares of the company’s stock worth $1,179,000 after acquiring an additional 448 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insiders Place Their Bets

In other Jacobs Solutions 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 in the company, valued at approximately $4,261,068. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Shelette M. Gustafson sold 1,852 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $148.00, for a total value of $274,096.00. Following the sale, the executive vice president now directly owns 28,791 shares in the company, valued at approximately $4,261,068. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Patrick Hill sold 5,486 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $149.00, for a total transaction of $817,414.00. Following the completion of the transaction, the executive vice president now owns 57,233 shares in the company, valued at $8,527,717. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,838 shares of company stock worth $2,393,710. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of J opened at $143.83 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $18.07 billion, a P/E ratio of 25.68, a P/E/G ratio of 1.52 and a beta of 0.73. The company’s fifty day moving average is $147.62 and its two-hundred day moving average is $137.61. Jacobs Solutions Inc. has a 1 year low of $109.00 and a 1 year high of $154.50.

Jacobs Solutions (NYSE:J) last announced 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. The company had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. Jacobs Solutions’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 EPS. On average, sell-side analysts predict that Jacobs Solutions Inc. will post 8.07 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were given a dividend of $0.29 per share. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Thursday, February 22nd. Jacobs Solutions’s payout ratio is presently 20.71%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. KeyCorp assumed coverage on shares of Jacobs Solutions in a research report on Wednesday, January 10th. They set a “sector weight” rating for the company. Bank of America boosted their price objective on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Truist Financial assumed coverage on shares of Jacobs Solutions in a research report on Thursday, March 14th. They set a “hold” rating and a $154.00 price objective for the company. Argus boosted their price objective on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Finally, Royal Bank of Canada boosted 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. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $154.08.

About Jacobs Solutions

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.