Mount Yale Investment Advisors LLC Raises Position in Jacobs Solutions Inc. (NYSE:J)

Mount Yale Investment Advisors LLC raised its position in Jacobs Solutions Inc. (NYSE:J) by 20.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,162 shares of the company’s stock after acquiring an additional 542 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Jacobs Solutions were worth $486,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its stake in shares of Jacobs Solutions by 7.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 42,031 shares of the company’s stock worth $5,456,000 after buying an additional 2,836 shares in the last quarter. AGF Management Ltd. lifted its stake in shares of Jacobs Solutions by 1.5% in the fourth quarter. AGF Management Ltd. now owns 1,216,849 shares of the company’s stock worth $157,947,000 after buying an additional 18,484 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Jacobs Solutions by 8.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 139,469 shares of the company’s stock worth $21,441,000 after buying an additional 10,542 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Jacobs Solutions by 90.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 18,623 shares of the company’s stock worth $2,417,000 after buying an additional 8,848 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Jacobs Solutions by 76.0% during the fourth quarter. Federated Hermes Inc. now owns 34,122 shares of the company’s stock valued at $4,429,000 after purchasing an additional 14,740 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on J. StockNews.com cut shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd. Robert W. Baird reduced their target price on shares of Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Bank of America upped their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. William Blair cut shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Finally, Citigroup upped their price target on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Jacobs Solutions currently has an average rating of “Moderate Buy” and an average price target of $156.82.

Insiders Place Their Bets

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

Jacobs Solutions Stock Performance

NYSE:J traded down $0.18 during midday trading on Monday, reaching $145.80. The stock had a trading volume of 499,238 shares, compared to its average volume of 658,201. The firm has a fifty day simple moving average of $140.80 and a two-hundred day simple moving average of $142.69. Jacobs Solutions Inc. has a 12-month low of $120.71 and a 12-month high of $154.50. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The stock has a market cap of $18.26 billion, a P/E ratio of 28.29, a P/E/G ratio of 1.68 and a beta of 0.70.

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

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, July 26th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Friday, July 26th. Jacobs Solutions’s dividend payout ratio is presently 22.39%.

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.