Jacobs Solutions Inc. (NYSE:J) Insider Steven J. Demetriou Sells 7,000 Shares

Jacobs Solutions Inc. (NYSE:J) insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $146.88, for a total transaction of $1,028,160.00. Following the transaction, the insider now owns 527,138 shares of the company’s stock, valued at approximately $77,426,029.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock traded down $2.05 during midday trading on Monday, reaching $140.19. The company had a trading volume of 1,023,389 shares, compared to its average volume of 660,513. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $17.55 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 1.67 and a beta of 0.70. The stock has a fifty day simple moving average of $141.45 and a 200 day simple moving average of $143.13. Jacobs Solutions Inc. has a 1-year low of $120.71 and a 1-year high of $154.50.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, May 7th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the previous year, the business earned $1.81 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts forecast that Jacobs Solutions Inc. will post 7.98 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company 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. This represents a $1.16 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, July 26th. Jacobs Solutions’s dividend payout ratio (DPR) is 22.39%.

Hedge Funds Weigh In On Jacobs Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the company. Tlwm lifted its position in Jacobs Solutions by 1.2% in the 2nd quarter. Tlwm now owns 6,046 shares of the company’s stock valued at $845,000 after acquiring an additional 74 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Jacobs Solutions by 7.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,021 shares of the company’s stock worth $133,000 after buying an additional 75 shares in the last quarter. Private Trust Co. NA lifted its position in Jacobs Solutions by 17.8% during the 4th quarter. Private Trust Co. NA now owns 575 shares of the company’s stock worth $75,000 after buying an additional 87 shares in the last quarter. American National Bank lifted its position in Jacobs Solutions by 1.4% during the 2nd quarter. American National Bank now owns 6,488 shares of the company’s stock worth $906,000 after buying an additional 88 shares in the last quarter. Finally, Souders Financial Advisors lifted its position in Jacobs Solutions by 2.3% during the 4th quarter. Souders Financial Advisors now owns 4,351 shares of the company’s stock worth $565,000 after buying an additional 96 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analysts Set New Price Targets

J has been the subject of a number of research analyst reports. Robert W. Baird cut their target price on shares of Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. William Blair cut shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. StockNews.com cut shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd. Citigroup lifted 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. Finally, Truist Financial cut their target price on shares of Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $156.82.

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.