Total Wealth Planning & Management Inc. acquired a new stake in Jacobs Solutions Inc. (NYSE:J – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,479 shares of the company’s stock, valued at approximately $991,000.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. J.W. Cole Advisors Inc. boosted its holdings in shares of Jacobs Solutions by 3.6% in the fourth quarter. J.W. Cole Advisors Inc. now owns 5,686 shares of the company’s stock valued at $752,000 after acquiring an additional 198 shares in the last quarter. Vise Technologies Inc. boosted its holdings in shares of Jacobs Solutions by 158.4% in the fourth quarter. Vise Technologies Inc. now owns 3,470 shares of the company’s stock valued at $460,000 after acquiring an additional 2,127 shares in the last quarter. State of Wyoming boosted its holdings in shares of Jacobs Solutions by 111.6% in the fourth quarter. State of Wyoming now owns 2,922 shares of the company’s stock valued at $387,000 after acquiring an additional 1,541 shares in the last quarter. TD Asset Management Inc boosted its holdings in shares of Jacobs Solutions by 13.5% in the fourth quarter. TD Asset Management Inc now owns 73,133 shares of the company’s stock valued at $9,687,000 after acquiring an additional 8,702 shares in the last quarter. Finally, Cibc World Market Inc. boosted its holdings in shares of Jacobs Solutions by 85.4% in the fourth quarter. Cibc World Market Inc. now owns 12,349 shares of the company’s stock valued at $1,636,000 after acquiring an additional 5,690 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.
Jacobs Solutions Trading Up 2.1%
Shares of NYSE:J opened at $123.83 on Friday. The stock has a market capitalization of $14.62 billion, a price-to-earnings ratio of 38.46, a PEG ratio of 1.18 and a beta of 0.69. Jacobs Solutions Inc. has a 1-year low of $105.68 and a 1-year high of $168.44. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.43 and a current ratio of 1.43. The company has a 50 day moving average price of $122.97 and a 200 day moving average price of $131.72.
Jacobs Solutions Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, May 22nd will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, May 22nd. Jacobs Solutions’s dividend payout ratio (DPR) is presently 44.72%.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. Zacks Research upgraded shares of Jacobs Solutions from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $169.00 price target on shares of Jacobs Solutions in a research report on Tuesday, May 19th. KeyCorp dropped their price target on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings cut shares of Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Finally, Robert W. Baird reduced their target price on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $153.40.
Read Our Latest Analysis on Jacobs Solutions
Insider Buying and Selling
In other news, Director Manuel J. Fernandez purchased 253 shares of Jacobs Solutions stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average price of $112.56 per share, for a total transaction of $28,477.68. Following the transaction, the director owned 12,504 shares in the company, valued at $1,407,450.24. The trade was a 2.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert V. Pragada purchased 3,601 shares of Jacobs Solutions stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of $111.09 per share, with a total value of $400,035.09. Following the transaction, the chief executive officer owned 333,755 shares in the company, valued at $37,076,842.95. This represents a 1.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 4,257 shares of company stock valued at $477,651 over the last 90 days. 0.48% of the stock is currently owned by insiders.
Jacobs Solutions Company Profile
Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.
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