River Global Investors LLP Acquires 520 Shares of Jacobs Solutions Inc. (NYSE:J)

River Global Investors LLP boosted its holdings in Jacobs Solutions Inc. (NYSE:J) by 7.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,820 shares of the company’s stock after acquiring an additional 520 shares during the quarter. River Global Investors LLP’s holdings in Jacobs Solutions were worth $1,015,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Mirabella Financial Services LLP purchased a new stake in Jacobs Solutions during the 3rd quarter valued at $202,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in Jacobs Solutions during the 4th quarter valued at $5,192,000. Wellington Management Group LLP raised its stake in Jacobs Solutions by 62.7% during the 3rd quarter. Wellington Management Group LLP now owns 61,010 shares of the company’s stock valued at $8,328,000 after buying an additional 23,509 shares during the last quarter. Federated Hermes Inc. raised its stake in Jacobs Solutions by 76.0% during the 4th quarter. Federated Hermes Inc. now owns 34,122 shares of the company’s stock valued at $4,429,000 after buying an additional 14,740 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Jacobs Solutions by 9.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 691,955 shares of the company’s stock valued at $94,452,000 after buying an additional 62,259 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on J shares. Bank of America boosted their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. KeyCorp began coverage on Jacobs Solutions in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company. Truist Financial began coverage on Jacobs Solutions in a research note on Thursday, March 14th. They issued a “hold” rating and a $154.00 price objective for the company. Citigroup upped their price objective on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, Argus upped their price objective on Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $155.25.

Insider Activity

In other news, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $229,800.00. Following the completion of the transaction, the chief financial officer now owns 233,104 shares in the company, valued at $35,711,532.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $229,800.00. Following the completion of the transaction, the chief financial officer now owns 233,104 shares in the company, valued at $35,711,532.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $1,072,400.00. Following the completion of the transaction, the insider now owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The disclosure for this sale can be found here. Insiders sold a total of 24,338 shares of company stock worth $3,618,695 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions Price Performance

NYSE:J traded up $3.17 on Friday, reaching $148.10. 668,452 shares of the company’s stock traded hands, compared to its average volume of 449,142. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. The stock has a 50-day simple moving average of $147.41 and a 200-day simple moving average of $138.13. The firm has a market cap of $18.61 billion, a PE ratio of 26.45, a P/E/G ratio of 1.57 and a beta of 0.74. Jacobs Solutions Inc. has a 12 month low of $109.00 and a 12 month high of $154.50.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.46. The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm earned $1.67 earnings per share. Equities research analysts forecast that Jacobs Solutions Inc. will post 8.07 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 24th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.78%. Jacobs Solutions’s payout ratio is 20.71%.

About Jacobs Solutions

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.