750 Shares in Jacobs Solutions Inc. (NYSE:J) Purchased by Denver PWM LLC

Denver PWM LLC acquired a new position in shares of Jacobs Solutions Inc. (NYSE:J) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 750 shares of the company’s stock, valued at approximately $105,000.

Several other large investors have also recently added to or reduced their stakes in J. Tlwm boosted its holdings in shares of Jacobs Solutions by 1.2% in the 2nd 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. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Jacobs Solutions by 7.9% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,021 shares of the company’s stock worth $133,000 after purchasing an additional 75 shares during the last quarter. American National Bank increased its stake in shares of Jacobs Solutions by 1.4% in the second quarter. American National Bank now owns 6,488 shares of the company’s stock valued at $906,000 after buying an additional 88 shares in the last quarter. Global Financial Private Client LLC raised its holdings in shares of Jacobs Solutions by 2.6% in the second quarter. Global Financial Private Client LLC now owns 3,944 shares of the company’s stock valued at $551,000 after buying an additional 100 shares during the last quarter. Finally, Advisors Management Group Inc. ADV lifted its position in Jacobs Solutions by 1.5% during the 2nd quarter. Advisors Management Group Inc. ADV now owns 7,053 shares of the company’s stock worth $985,000 after buying an additional 101 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the transaction, the director now owns 42,069 shares in the company, valued at approximately $6,346,108.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Christopher M.T. Thompson sold 1,898 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total transaction of $286,313.30. Following the sale, the director now directly owns 42,069 shares in the company, valued at $6,346,108.65. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Shelette M. Gustafson sold 4,167 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 24,564 shares in the company, valued at $3,688,038.96. The disclosure for this sale can be found here. Insiders sold 21,516 shares of company stock worth $3,132,273 over the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on J shares. Truist Financial restated a “hold” rating and issued a $158.00 price objective (up previously from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. Royal Bank of Canada boosted their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Robert W. Baird reduced their price objective on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. UBS Group lifted their target price on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Finally, StockNews.com lowered Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 15th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Jacobs Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $160.40.

Jacobs Solutions Stock Performance

Shares of J stock opened at $143.94 on Friday. The stock has a market cap of $18.02 billion, a PE ratio of 27.79, a price-to-earnings-growth ratio of 1.73 and a beta of 0.72. The stock has a 50-day moving average of $144.85 and a 200-day moving average of $144.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14. Jacobs Solutions Inc. has a one year low of $120.71 and a one year high of $154.50.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, meeting the consensus estimate of $1.96. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.82 earnings per share. As a group, sell-side analysts expect that Jacobs Solutions Inc. will post 7.97 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, July 26th were paid a $0.29 dividend. The ex-dividend date was Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a yield of 0.81%. Jacobs Solutions’s payout ratio is 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.