Jacobs Solutions Inc. (NYSE:J) Shares Bought by Marco Investment Management LLC

Marco Investment Management LLC grew its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 9.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,180 shares of the company’s stock after acquiring an additional 3,015 shares during the period. Marco Investment Management LLC’s holdings in Jacobs Solutions were worth $4,915,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tlwm raised its position in shares of Jacobs Solutions by 1.2% during the 2nd quarter. Tlwm now owns 6,046 shares of the company’s stock worth $845,000 after purchasing an additional 74 shares during the last quarter. Hudson Edge Investment Partners Inc. lifted its position in shares of Jacobs Solutions by 1.4% in the second quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock valued at $834,000 after acquiring an additional 82 shares in the last quarter. American National Bank boosted its stake in shares of Jacobs Solutions by 1.4% during the second quarter. American National Bank now owns 6,488 shares of the company’s stock valued at $906,000 after acquiring an additional 88 shares during the last quarter. Global Financial Private Client LLC increased its position in Jacobs Solutions by 2.6% during the 2nd quarter. Global Financial Private Client LLC now owns 3,944 shares of the company’s stock worth $551,000 after purchasing an additional 100 shares in the last quarter. Finally, Advisors Management Group Inc. ADV increased 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 purchasing an additional 101 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Trading Down 1.0 %

Shares of NYSE J opened at $143.14 on Wednesday. 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 stock’s 50 day moving average price is $145.12 and its two-hundred day moving average price is $144.19. Jacobs Solutions Inc. has a 52-week low of $120.71 and a 52-week high of $154.50. The stock has a market capitalization of $17.92 billion, a P/E ratio of 27.63, a PEG ratio of 1.63 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, meeting the consensus estimate of $1.96. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.39 billion. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.82 earnings per share. On average, analysts anticipate that Jacobs Solutions Inc. will post 7.97 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, July 26th were paid a dividend of $0.29 per share. 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 currently 22.39%.

Analysts Set New Price Targets

Several brokerages have weighed in on J. Robert W. Baird cut their price target on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. StockNews.com downgraded Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 15th. Truist Financial reaffirmed a “hold” rating and set a $158.00 price target (up from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. Royal Bank of Canada increased 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. Finally, UBS Group raised their target price 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. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $160.40.

Insiders Place Their Bets

In related news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $139.94, for a total value of $979,580.00. Following the sale, the insider now directly owns 534,138 shares in the company, valued at approximately $74,747,271.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the transaction, the director now owns 42,069 shares of the company’s stock, valued at $6,346,108.65. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $139.94, for a total transaction of $979,580.00. Following the sale, the insider now owns 534,138 shares in the company, valued at $74,747,271.72. The disclosure for this sale can be found here. Insiders have sold 21,516 shares of company stock valued at $3,132,273 over the last three months. Company insiders own 1.00% of the company’s stock.

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.