Tidal Investments LLC Purchases 6,371 Shares of Jacobs Solutions Inc. (NYSE:J)

Tidal Investments LLC raised its position in shares of Jacobs Solutions Inc. (NYSE:J) by 62.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,647 shares of the company’s stock after acquiring an additional 6,371 shares during the period. Tidal Investments LLC’s holdings in Jacobs Solutions were worth $2,559,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of J. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Jacobs Solutions by 7.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,021 shares of the company’s stock valued at $133,000 after buying an additional 75 shares during the period. Private Trust Co. NA lifted its stake in shares of Jacobs Solutions by 17.8% in the fourth 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. Souders Financial Advisors lifted its stake in shares of Jacobs Solutions by 2.3% in the fourth quarter. Souders Financial Advisors now owns 4,351 shares of the company’s stock valued at $565,000 after buying an additional 96 shares during the period. Pinnacle Financial Partners Inc lifted its stake in shares of Jacobs Solutions by 4.2% in the fourth quarter. Pinnacle Financial Partners Inc now owns 2,631 shares of the company’s stock valued at $342,000 after buying an additional 105 shares during the period. Finally, NBC Securities Inc. lifted its stake in shares of Jacobs Solutions by 5.0% in the fourth quarter. NBC Securities Inc. now owns 2,512 shares of the company’s stock valued at $326,000 after buying an additional 119 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Stock Down 1.5 %

J traded down $2.20 during trading on Thursday, hitting $144.15. The company had a trading volume of 104,456 shares, compared to its average volume of 653,305. The company has a market capitalization of $18.05 billion, a PE ratio of 28.25, a PEG ratio of 1.68 and a beta of 0.70. Jacobs Solutions Inc. has a one year low of $120.71 and a one year high of $154.50. The firm’s 50-day moving average price is $141.29 and its 200 day moving average price is $142.89. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32.

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

Jacobs Solutions Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on J. StockNews.com lowered shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 22nd. William Blair lowered shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Truist Financial dropped their price target on shares of Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a research report on Wednesday, May 8th. Robert W. Baird dropped their price objective 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. Finally, Citigroup raised their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.82.

Insider Buying and Selling

In related news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction dated 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 approximately $75,450,871.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by insiders.

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.