Guardian Capital Advisors LP Purchases New Position in Jacobs Solutions Inc. (NYSE:J)

Guardian Capital Advisors LP acquired a new position in Jacobs Solutions Inc. (NYSE:J) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,400 shares of the company’s stock, valued at approximately $200,000.

Several other hedge funds have also modified their holdings of the company. Westwood Holdings Group Inc. increased its holdings in shares of Jacobs Solutions by 7,306.2% in the 1st quarter. Westwood Holdings Group Inc. now owns 138,051 shares of the company’s stock worth $21,223,000 after buying an additional 136,187 shares during the last quarter. Toronto Dominion Bank grew its position in Jacobs Solutions by 2.0% in the first quarter. Toronto Dominion Bank now owns 70,973 shares of the company’s stock worth $10,911,000 after acquiring an additional 1,382 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Jacobs Solutions by 5.9% during the first quarter. Advisors Asset Management Inc. now owns 74,910 shares of the company’s stock worth $11,516,000 after acquiring an additional 4,180 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in Jacobs Solutions during the first quarter worth approximately $223,000. Finally, Vident Advisory LLC raised its position in Jacobs Solutions by 124.0% during the first quarter. Vident Advisory LLC now owns 18,954 shares of the company’s stock valued at $2,914,000 after purchasing an additional 10,494 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Trading Up 0.4 %

Jacobs Solutions stock traded up $0.59 during trading hours on Friday, hitting $145.98. The company had a trading volume of 527,153 shares, compared to its average volume of 596,347. The company has a 50-day moving average price of $140.80 and a two-hundred day moving average price of $142.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17. Jacobs Solutions Inc. has a 1 year low of $120.71 and a 1 year high of $154.50. The firm has a market cap of $18.28 billion, a P/E ratio of 28.18, a P/E/G ratio of 1.68 and a beta of 0.70.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, May 7th. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.84 by $0.07. The company had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.33 billion. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. Jacobs Solutions’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted $1.81 EPS. On average, sell-side analysts anticipate that Jacobs Solutions Inc. will post 7.98 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, July 26th will be issued a $0.29 dividend. The ex-dividend date is Friday, July 26th. This represents a $1.16 annualized dividend and a dividend yield of 0.79%. Jacobs Solutions’s dividend payout ratio is currently 22.39%.

Analyst Upgrades and Downgrades

J has been the subject of a number of recent research reports. William Blair cut Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Truist Financial cut their price objective on shares of Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Citigroup increased their target price on shares of Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Bank of America lifted their price target on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Finally, Robert W. Baird reduced their price objective on shares of Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $156.82.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $145.31, for a total transaction of $217,965.00. Following the sale, the chief financial officer now owns 231,604 shares of the company’s stock, valued at approximately $33,654,377.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $139.43, for a total transaction of $976,010.00. Following the completion of the sale, the insider now owns 541,138 shares of the company’s stock, valued at $75,450,871.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $145.31, for a total transaction of $217,965.00. Following the completion of the transaction, the chief financial officer now directly owns 231,604 shares in the company, valued at $33,654,377.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,500 shares of company stock valued at $3,180,575. Company insiders own 1.00% of the company’s stock.

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.