Kevin C. Berryman Sells 1,500 Shares of Jacobs Solutions Inc. (NYSE:J) Stock

Jacobs Solutions Inc. (NYSE:J) CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $145.31, for a total value of $217,965.00. Following the transaction, the chief financial officer now directly owns 231,604 shares of the company’s stock, valued at $33,654,377.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Jacobs Solutions Price Performance

NYSE J traded up $1.74 during mid-day trading on Thursday, hitting $144.93. The stock had a trading volume of 423,633 shares, compared to its average volume of 632,389. Jacobs Solutions Inc. has a 52-week low of $109.00 and a 52-week high of $154.50. The company has a market cap of $18.21 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 1.52 and a beta of 0.74. The company has a 50 day simple moving average of $147.40 and a 200 day simple moving average of $138.00. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 earnings per share 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 firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period last year, the business posted $1.67 EPS. Jacobs Solutions’s quarterly revenue was up 10.6% on a year-over-year basis. Equities analysts forecast that Jacobs Solutions Inc. will post 8.07 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 24th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.80%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 20.71%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on J shares. KeyCorp started coverage on Jacobs Solutions in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Truist Financial started coverage on Jacobs Solutions in a research report on Thursday, March 14th. They issued a “hold” rating and a $154.00 target price for the company. Argus upped their target price on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Royal Bank of Canada increased their price objective on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, Bank of America increased their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.25.

Institutional Investors Weigh In On Jacobs Solutions

Several hedge funds have recently made changes to their positions in J. Exchange Traded Concepts LLC purchased a new position in Jacobs Solutions in the third quarter valued at about $342,000. Commonwealth Equity Services LLC increased its position in shares of Jacobs Solutions by 2.9% during the third quarter. Commonwealth Equity Services LLC now owns 60,623 shares of the company’s stock worth $8,275,000 after acquiring an additional 1,722 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Jacobs Solutions by 29.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 20,320 shares of the company’s stock worth $2,774,000 after acquiring an additional 4,565 shares during the last quarter. Xponance Inc. increased its position in shares of Jacobs Solutions by 1.8% during the third quarter. Xponance Inc. now owns 16,771 shares of the company’s stock worth $2,289,000 after acquiring an additional 290 shares during the last quarter. Finally, Pinnacle Associates Ltd. bought a new stake in Jacobs Solutions in the third quarter valued at about $204,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Company 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.