Chris Bulman Inc Acquires New Position in Jacobs Solutions Inc. (NYSE:J)

Chris Bulman Inc bought a new position in shares of Jacobs Solutions Inc. (NYSE:J) in the second quarter, Holdings Channel.com reports. The institutional investor bought 1,769 shares of the company’s stock, valued at approximately $247,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. EdgeRock Capital LLC acquired a new stake in Jacobs Solutions during the second quarter worth $26,000. Bruce G. Allen Investments LLC boosted its holdings in shares of Jacobs Solutions by 427.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after buying an additional 171 shares in the last quarter. ICA Group Wealth Management LLC purchased a new stake in Jacobs Solutions in the fourth quarter valued at $30,000. Union Savings Bank grew its stake in Jacobs Solutions by 78.1% during the 4th quarter. Union Savings Bank now owns 285 shares of the company’s stock worth $37,000 after buying an additional 125 shares during the last quarter. Finally, Northwest Financial Advisors acquired a new stake in shares of Jacobs Solutions in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insiders Place Their Bets

In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction of $212,586.01. Following the sale, the senior vice president now owns 26,699 shares of the company’s stock, valued at $3,911,670.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $146.51, for a total transaction of $212,586.01. Following the transaction, the senior vice president now directly owns 26,699 shares in the company, valued at approximately $3,911,670.49. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the completion of the sale, the director now directly owns 42,069 shares in the company, valued at approximately $6,346,108.65. The disclosure for this sale can be found here. Insiders have sold 21,516 shares of company stock worth $3,132,273 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

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

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $141.91 on Friday. Jacobs Solutions Inc. has a twelve month low of $120.71 and a twelve month high of $154.50. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. The company has a market cap of $17.77 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 1.73 and a beta of 0.72. The business has a 50 day moving average price of $144.89 and a 200 day moving average price of $144.22.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 earnings per share 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 firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.39 billion. During the same period in the previous year, the business posted $1.82 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. Research analysts predict that Jacobs Solutions Inc. will post 7.97 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, July 26th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $1.16 annualized dividend and a yield of 0.82%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 22.39%.

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.