McGlone Suttner Wealth Management Inc. Purchases Shares of 2,088 Jacobs Solutions Inc. (NYSE:J)

McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Jacobs Solutions Inc. (NYSE:J) in the fourth quarter, HoldingsChannel reports. The firm purchased 2,088 shares of the company’s stock, valued at approximately $271,000.

A number of other institutional investors have also made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Jacobs Solutions in the first quarter valued at approximately $125,000. Panagora Asset Management Inc. grew its holdings in shares of Jacobs Solutions by 22.6% in the first quarter. Panagora Asset Management Inc. now owns 3,472 shares of the company’s stock valued at $478,000 after purchasing an additional 641 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Jacobs Solutions by 5.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,290 shares of the company’s stock worth $2,383,000 after acquiring an additional 933 shares during the last quarter. Cibc World Market Inc. lifted its stake in Jacobs Solutions by 4.8% in the first quarter. Cibc World Market Inc. now owns 14,801 shares of the company’s stock worth $2,040,000 after acquiring an additional 680 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in Jacobs Solutions by 5.6% in the first quarter. Vontobel Holding Ltd. now owns 8,445 shares of the company’s stock worth $1,179,000 after acquiring an additional 448 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on J shares. Truist Financial started coverage on shares of Jacobs Solutions in a research note on Thursday, March 14th. They issued a “hold” rating and a $154.00 price target for the company. Argus lifted their price target on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Royal Bank of Canada lifted their price target on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Finally, KeyCorp assumed coverage on shares of Jacobs Solutions in a research report on Wednesday, January 10th. They set a “sector weight” rating for the company. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $154.27.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock traded up $0.94 during trading on Thursday, reaching $153.87. The company’s stock had a trading volume of 496,695 shares, compared to its average volume of 693,123. The company has a 50-day moving average price of $144.25 and a two-hundred day moving average price of $135.96. The firm has a market cap of $19.33 billion, a PE ratio of 27.48, a P/E/G ratio of 1.59 and a beta of 0.73. Jacobs Solutions Inc. has a fifty-two week low of $109.00 and a fifty-two week high of $154.50. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.46. The company had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. Jacobs Solutions’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 EPS. On average, analysts forecast that Jacobs Solutions Inc. will post 8.06 EPS for the current year.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were paid a $0.29 dividend. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Thursday, February 22nd. Jacobs Solutions’s payout ratio is currently 20.71%.

Insider Buying and Selling at Jacobs Solutions

In other news, EVP Patrick Hill sold 5,486 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $149.00, for a total transaction of $817,414.00. Following the transaction, the executive vice president now directly owns 57,233 shares of the company’s stock, valued at approximately $8,527,717. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Patrick Hill sold 5,486 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $149.00, for a total value of $817,414.00. Following the sale, the executive vice president now directly owns 57,233 shares in the company, valued at approximately $8,527,717. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Shelette M. Gustafson sold 1,852 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $148.00, for a total transaction of $274,096.00. Following the completion of the sale, the executive vice president now owns 28,791 shares in the company, valued at $4,261,068. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

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.