Westover Capital Advisors LLC Grows Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Westover Capital Advisors LLC boosted its stake in Jacobs Solutions Inc. (NYSE:J) by 13.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,066 shares of the company’s stock after purchasing an additional 1,929 shares during the quarter. Westover Capital Advisors LLC’s holdings in Jacobs Solutions were worth $2,085,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. First Pacific Financial purchased a new stake in shares of Jacobs Solutions during the 4th quarter valued at about $27,000. GAMMA Investing LLC purchased a new stake in shares of Jacobs Solutions during the 4th quarter valued at about $27,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Jacobs Solutions during the 4th quarter valued at about $59,000. Private Trust Co. NA raised its position in shares of Jacobs Solutions by 17.8% during the 4th quarter. Private Trust Co. NA now owns 575 shares of the company’s stock valued at $75,000 after buying an additional 87 shares in the last quarter. Finally, Evolution Advisers Inc. purchased a new stake in shares of Jacobs Solutions during the 4th quarter valued at about $77,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

NYSE J traded up $1.24 on Thursday, reaching $144.43. 210,387 shares of the company’s stock traded hands, compared to its average volume of 629,704. The firm has a market cap of $18.15 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 1.52 and a beta of 0.74. The stock has a 50 day moving average price of $147.40 and a 200-day moving average price of $138.00. 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.

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 analysts’ consensus estimates of $1.56 by $0.46. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The company had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter in the previous year, the company earned $1.67 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Equities research analysts predict 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. Stockholders of record on Friday, May 24th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.80%. Jacobs Solutions’s dividend payout ratio is currently 20.71%.

Insider Transactions at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were 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 owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the transaction, the insider now directly owns 555,138 shares in the company, valued at $85,047,141.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $229,800.00. Following the transaction, the chief financial officer now owns 233,104 shares in the company, valued at $35,711,532.80. The disclosure for this sale can be found here. Insiders sold 15,838 shares of company stock valued at $2,393,710 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

J has been the topic of a number of recent analyst reports. Argus increased their price objective on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Citigroup increased their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Truist Financial began coverage on shares of Jacobs Solutions in a research report on Thursday, March 14th. They set a “hold” rating and a $154.00 target price on the stock. KeyCorp began coverage on shares of Jacobs Solutions in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Finally, Royal Bank of Canada raised their target price on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $155.25.

About Jacobs Solutions

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.