Tennessee Valley Asset Management Partners Invests $59,000 in Jacobs Solutions Inc. (NYSE:J)

Tennessee Valley Asset Management Partners acquired a new position in Jacobs Solutions Inc. (NYSE:J) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 456 shares of the company’s stock, valued at approximately $59,000.

A number of other large investors also recently modified their holdings of the company. First Pacific Financial purchased a new stake in shares of Jacobs Solutions during the 4th quarter valued at about $27,000. Park Place Capital Corp raised its holdings in shares of Jacobs Solutions by 473.9% during the 3rd quarter. Park Place Capital Corp now owns 264 shares of the company’s stock valued at $36,000 after buying an additional 218 shares during the period. Global Wealth Strategies & Associates purchased a new stake in shares of Jacobs Solutions during the 3rd quarter valued at about $63,000. Private Trust Co. NA raised its holdings in shares of Jacobs Solutions by 17.8% during the 4th quarter. Private Trust Co. NA now owns 575 shares of the company’s stock valued at $75,000 after buying an additional 87 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Jacobs Solutions by 21.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 648 shares of the company’s stock valued at $88,000 after buying an additional 113 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

Shares of J opened at $144.65 on Wednesday. The firm has a market cap of $18.18 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 1.52 and a beta of 0.73. The stock has a 50 day moving average of $147.62 and a 200-day moving average of $137.78. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42. Jacobs Solutions Inc. has a 52 week low of $109.00 and a 52 week high of $154.50.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.56 by $0.46. The company had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.02 billion. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.67 EPS. As a group, analysts forecast that Jacobs Solutions Inc. will post 8.07 EPS for the current year.

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were given a dividend of $0.29 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.16 dividend on an annualized basis and a yield of 0.80%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.26. Jacobs Solutions’s payout ratio is currently 20.71%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Bank of America raised their target price on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Truist Financial assumed coverage on Jacobs Solutions in a research note on Thursday, March 14th. They set a “hold” rating and a $154.00 price objective for the company. KeyCorp assumed coverage on Jacobs Solutions in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company. Argus raised their price objective on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, Royal Bank of Canada raised their price objective on Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $155.25.

Insider Activity at Jacobs Solutions

In related news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the completion of the transaction, the insider now owns 555,138 shares in the company, valued at approximately $85,047,141.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $229,800.00. Following the completion of the transaction, the chief financial officer now owns 233,104 shares in the company, valued at approximately $35,711,532.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $1,072,400.00. Following the sale, the insider now directly owns 555,138 shares in the company, valued at approximately $85,047,141.60. The disclosure for this sale can be found here. Insiders sold 15,838 shares of company stock worth $2,393,710 in the last 90 days. 1.00% of the stock is currently owned by company insiders.

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.