Flynn Zito Capital Management LLC Takes Position in Jacobs Solutions Inc. (NYSE:J)

Flynn Zito Capital Management LLC purchased a new stake in shares of Jacobs Solutions Inc. (NYSE:J) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,763 shares of the company’s stock, valued at approximately $229,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Jacobs Solutions by 1.8% during the first quarter. Vanguard Group Inc. now owns 13,998,808 shares of the company’s stock valued at $1,929,175,000 after acquiring an additional 250,587 shares during the period. Select Equity Group L.P. lifted its holdings in Jacobs Solutions by 12.6% in the first quarter. Select Equity Group L.P. now owns 4,717,432 shares of the company’s stock worth $554,345,000 after purchasing an additional 529,557 shares during the period. Capital International Investors lifted its holdings in Jacobs Solutions by 8.1% in the first quarter. Capital International Investors now owns 4,049,450 shares of the company’s stock worth $558,055,000 after purchasing an additional 304,996 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Jacobs Solutions by 0.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,446,374 shares of the company’s stock worth $447,339,000 after purchasing an additional 14,821 shares during the period. Finally, Mackenzie Financial Corp lifted its holdings in Jacobs Solutions by 10.1% in the fourth quarter. Mackenzie Financial Corp now owns 3,271,522 shares of the company’s stock worth $392,812,000 after purchasing an additional 300,725 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

J has been the subject of several research analyst reports. Bank of America upped their price objective on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. KeyCorp initiated coverage on shares of Jacobs Solutions in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Argus upped their price objective on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Truist Financial initiated coverage on shares of Jacobs Solutions in a report on Thursday, March 14th. They issued a “hold” rating and a $154.00 price objective for the company. Finally, Royal Bank of Canada upped their price objective on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $154.08.

Insider Transactions at Jacobs Solutions

In related news, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction on 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 directly owns 233,104 shares of the company’s stock, valued at $35,711,532.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction on 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 directly owns 233,104 shares of the company’s stock, valued at $35,711,532.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Patrick Hill sold 5,486 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $149.00, for a total value of $817,414.00. Following the completion of the transaction, the executive vice president now directly owns 57,233 shares of the company’s stock, valued at $8,527,717. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,838 shares of company stock worth $2,393,710. Insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Performance

J stock traded up $0.53 during midday trading on Thursday, hitting $143.50. 244,312 shares of the company traded hands, compared to its average volume of 660,533. Jacobs Solutions Inc. has a twelve month low of $109.00 and a twelve month high of $154.50. 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 business has a 50 day simple moving average of $147.64 and a 200-day simple moving average of $137.51. The stock has a market capitalization of $18.03 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 1.54 and a beta of 0.73.

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

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were paid a $0.29 dividend. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 22nd. This represents a $1.16 annualized dividend and a dividend yield of 0.81%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 20.71%.

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.