Jacobs Levy Equity Management Inc. Sells 279 Shares of Jacobs Solutions Inc. (NYSE:J)

Jacobs Levy Equity Management Inc. lowered its position in Jacobs Solutions Inc. (NYSE:J) by 0.5% in the first quarter, Holdings Channel.com reports. The fund owned 57,310 shares of the company’s stock after selling 279 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Jacobs Solutions were worth $8,810,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of J. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Jacobs Solutions by 7.9% in 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 raised its holdings in shares of Jacobs Solutions by 17.8% in 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. Souders Financial Advisors increased its holdings in Jacobs Solutions by 2.3% during the 4th quarter. Souders Financial Advisors now owns 4,351 shares of the company’s stock valued at $565,000 after purchasing an additional 96 shares in the last quarter. Pinnacle Financial Partners Inc increased its holdings in Jacobs Solutions by 4.2% during the 4th quarter. Pinnacle Financial Partners Inc now owns 2,631 shares of the company’s stock valued at $342,000 after purchasing an additional 105 shares in the last quarter. Finally, NBC Securities Inc. increased its holdings in Jacobs Solutions by 5.0% during the 4th quarter. NBC Securities Inc. now owns 2,512 shares of the company’s stock valued at $326,000 after purchasing an additional 119 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on J shares. William Blair cut Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Truist Financial dropped their price target on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. Bank of America lifted their target price on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. StockNews.com cut Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd. Finally, Robert W. Baird lowered their target price on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $156.82.

Insiders Place Their Bets

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $143.86, for a total transaction of $1,007,020.00. Following the transaction, the insider now directly owns 548,138 shares in the company, valued at $78,855,132.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 21,000 shares of company stock worth $2,962,610. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions Trading Up 0.3 %

Shares of NYSE:J traded up $0.40 during midday trading on Tuesday, hitting $146.20. The company had a trading volume of 541,454 shares, compared to its average volume of 657,455. The firm has a fifty day simple moving average of $140.98 and a 200 day simple moving average of $142.78. 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 stock has a market cap of $18.31 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 1.68 and a beta of 0.70. Jacobs Solutions Inc. has a 12 month low of $120.71 and a 12 month high of $154.50.

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

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, July 26th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, July 26th. This represents a $1.16 annualized dividend and a yield of 0.79%. Jacobs Solutions’s dividend payout ratio is presently 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.