Ninety One SA PTY Ltd Takes $5.25 Million Position in Jacobs Solutions Inc. (NYSE:J)

Ninety One SA PTY Ltd purchased a new stake in Jacobs Solutions Inc. (NYSE:J) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 40,462 shares of the company’s stock, valued at approximately $5,252,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Ninety One UK Ltd increased its holdings in shares of Jacobs Solutions by 5.9% in the fourth quarter. Ninety One UK Ltd now owns 2,044,031 shares of the company’s stock valued at $265,315,000 after purchasing an additional 114,076 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Jacobs Solutions by 76.0% in the fourth quarter. Federated Hermes Inc. now owns 34,122 shares of the company’s stock valued at $4,429,000 after purchasing an additional 14,740 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Jacobs Solutions by 9.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 22,589 shares of the company’s stock valued at $2,932,000 after purchasing an additional 1,959 shares during the last quarter. Telos Capital Management Inc. increased its holdings in shares of Jacobs Solutions by 7.7% in the fourth quarter. Telos Capital Management Inc. now owns 78,002 shares of the company’s stock valued at $10,125,000 after purchasing an additional 5,596 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Jacobs Solutions by 1.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,331 shares of the company’s stock valued at $11,595,000 after purchasing an additional 1,383 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Bank of America raised their target price on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada raised their target price on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Argus raised their target price on Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Truist Financial assumed coverage on Jacobs Solutions in a research note on Thursday, March 14th. They set a “hold” rating and a $154.00 target price for the company. Finally, KeyCorp assumed coverage on Jacobs Solutions in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $154.08.

Jacobs Solutions Trading Up 0.2 %

Shares of NYSE J traded up $0.30 during trading on Thursday, reaching $143.27. The stock had a trading volume of 109,695 shares, compared to its average volume of 659,926. 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 debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. The business’s 50-day moving average price is $147.64 and its 200-day moving average price is $137.51. The company has a market cap of $18.00 billion, a P/E ratio of 25.53, a PEG ratio of 1.54 and a beta of 0.73.

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

Jacobs Solutions Increases Dividend

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

Insider Activity at Jacobs Solutions

In related news, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions 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 in the company, valued at $35,711,532.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Jacobs Solutions news, 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 transaction of $1,072,400.00. Following the completion of the sale, the insider now directly owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the chief financial officer now directly owns 233,104 shares of the company’s stock, valued at $35,711,532.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,838 shares of company stock worth $2,393,710. Company insiders own 1.00% of the company’s stock.

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.