ICA Group Wealth Management LLC Has $42,000 Stock Position in Jacobs Solutions Inc. (NYSE:J)

ICA Group Wealth Management LLC reduced its position in Jacobs Solutions Inc. (NYSE:J) by 43.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 300 shares of the company’s stock after selling 230 shares during the period. ICA Group Wealth Management LLC’s holdings in Jacobs Solutions were worth $42,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Securities Inc. acquired a new stake in shares of Jacobs Solutions during the fourth quarter worth $117,000. Jump Financial LLC acquired a new stake in shares of Jacobs Solutions during the fourth quarter worth $459,000. Dimensional Fund Advisors LP grew its stake in shares of Jacobs Solutions by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,089,158 shares of the company’s stock worth $141,375,000 after purchasing an additional 19,541 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of Jacobs Solutions by 19.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 8,136 shares of the company’s stock worth $1,056,000 after purchasing an additional 1,307 shares during the period. Finally, ING Groep NV grew its stake in shares of Jacobs Solutions by 26,893.2% during the fourth quarter. ING Groep NV now owns 83,139 shares of the company’s stock worth $10,791,000 after purchasing an additional 82,831 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 4,167 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total value of $625,633.38. Following the sale, the executive vice president now owns 24,564 shares in the company, valued at $3,688,038.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.94, for a total value of $979,580.00. Following the sale, the insider now owns 534,138 shares in the company, valued at $74,747,271.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value of $625,633.38. Following the completion of the sale, the executive vice president now owns 24,564 shares in the company, valued at approximately $3,688,038.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,516 shares of company stock worth $3,132,273. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock opened at $143.96 on Monday. The firm has a market cap of $18.03 billion, a price-to-earnings ratio of 27.79, a price-to-earnings-growth ratio of 1.63 and a beta of 0.72. The stock’s 50-day moving average is $145.42 and its 200-day moving average is $144.10. Jacobs Solutions Inc. has a one year low of $120.71 and a one year high of $154.50. 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 (NYSE:J) last released its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.96. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same quarter in the prior year, the company posted $1.82 earnings per share. Jacobs Solutions’s revenue was up 1.1% on a year-over-year basis. Equities analysts predict that Jacobs Solutions Inc. will post 7.97 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, July 26th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $1.16 annualized dividend and a yield of 0.81%. Jacobs Solutions’s payout ratio is presently 22.39%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Robert W. Baird decreased their price objective on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. StockNews.com cut Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 15th. Truist Financial reissued a “hold” rating and issued a $158.00 target price (up from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. Royal Bank of Canada boosted their target price on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, UBS Group boosted 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. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $161.67.

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.