Eastern Bank Buys 103 Shares of Jacobs Solutions Inc. (NYSE:J)

Eastern Bank raised its stake in Jacobs Solutions Inc. (NYSE:J) by 0.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 103,127 shares of the company’s stock after buying an additional 103 shares during the quarter. Eastern Bank owned about 0.08% of Jacobs Solutions worth $13,499,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Tlwm raised its position in Jacobs Solutions by 1.2% during the second quarter. Tlwm now owns 6,046 shares of the company’s stock worth $845,000 after acquiring an additional 74 shares in the last quarter. Hudson Edge Investment Partners Inc. raised its position in Jacobs Solutions by 1.4% during the second quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock worth $834,000 after acquiring an additional 82 shares in the last quarter. American National Bank raised its position in Jacobs Solutions by 1.4% during the second quarter. American National Bank now owns 6,488 shares of the company’s stock worth $906,000 after acquiring an additional 88 shares in the last quarter. Global Financial Private Client LLC raised its position in Jacobs Solutions by 2.6% during the second quarter. Global Financial Private Client LLC now owns 3,944 shares of the company’s stock worth $551,000 after acquiring an additional 100 shares in the last quarter. Finally, Gabelli Funds LLC raised its position in Jacobs Solutions by 6.9% during the second quarter. Gabelli Funds LLC now owns 1,550 shares of the company’s stock worth $217,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on J shares. Robert W. Baird decreased their price objective on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Citigroup upped their price objective on shares of Jacobs Solutions from $138.60 to $166.00 and gave the company a “buy” rating in a report on Tuesday. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a report on Friday, October 4th. Royal Bank of Canada upped their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, UBS Group upped their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and an average price target of $159.30.

Insider Transactions at Jacobs Solutions

In other news, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the transaction, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Christopher M.T. Thompson sold 1,898 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the transaction, the director now owns 42,069 shares in the company, valued at $6,346,108.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Shelette M. Gustafson sold 4,167 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the completion of the transaction, the executive vice president now owns 24,564 shares of the company’s stock, valued at approximately $3,688,038.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,516 shares of company stock valued at $2,152,693. 1.00% of the stock is currently owned by insiders.

Jacobs Solutions Price Performance

J traded down $1.32 on Tuesday, hitting $142.22. 204,427 shares of the stock were exchanged, compared to its average volume of 809,236. Jacobs Solutions Inc. has a 12 month low of $100.59 and a 12 month high of $144.56. The business has a 50-day moving average of $144.64 and a two-hundred day moving average of $142.86. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $17.81 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 1.39 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, hitting the consensus estimate of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.39 billion. During the same quarter in the prior year, the business posted $1.82 earnings per share. Jacobs Solutions’s revenue was up 1.1% compared to the same quarter last year. Sell-side analysts forecast that Jacobs Solutions Inc. will post 7.95 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be issued a $0.29 dividend. The ex-dividend date is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.82%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 22.39%.

Jacobs Solutions 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.