Jacobs Solutions Inc. (NYSE:J) Shares Acquired by Cwm LLC

Cwm LLC raised its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 9,149.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 176,115 shares of the company’s stock after acquiring an additional 174,211 shares during the period. Cwm LLC owned approximately 0.14% of Jacobs Solutions worth $22,860,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew 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 worth $1,929,175,000 after buying an additional 250,587 shares in the last quarter. Select Equity Group L.P. grew its holdings in shares of Jacobs Solutions by 12.6% during the first quarter. Select Equity Group L.P. now owns 4,717,432 shares of the company’s stock worth $554,345,000 after buying an additional 529,557 shares in the last quarter. Capital International Investors boosted its position in shares of Jacobs Solutions by 8.1% during the 1st quarter. Capital International Investors now owns 4,049,450 shares of the company’s stock valued at $558,055,000 after acquiring an additional 304,996 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Jacobs Solutions by 0.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,446,374 shares of the company’s stock valued at $447,339,000 after acquiring an additional 14,821 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in shares of Jacobs Solutions by 10.1% during the 4th quarter. Mackenzie Financial Corp now owns 3,271,522 shares of the company’s stock valued at $392,812,000 after acquiring an additional 300,725 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Up 0.2 %

Shares of J stock traded up $0.33 during trading hours on Friday, reaching $143.83. 382,757 shares of the stock were exchanged, compared to its average volume of 500,067. The business’s fifty day moving average is $147.62 and its two-hundred day moving average is $137.64. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.37. Jacobs Solutions Inc. has a 12-month low of $109.00 and a 12-month high of $154.50. The firm has a market capitalization of $18.07 billion, a P/E ratio of 25.68, a P/E/G ratio of 1.52 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 for the quarter, topping 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 firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period in the prior year, the firm earned $1.67 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, research analysts expect that Jacobs Solutions Inc. will post 8.07 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The business also recently declared 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 positive change from Jacobs Solutions’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Thursday, February 22nd. Jacobs Solutions’s dividend payout ratio is currently 20.71%.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 1,852 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $148.00, for a total value of $274,096.00. Following the transaction, the executive vice president now directly owns 28,791 shares in the company, valued at $4,261,068. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Patrick Hill sold 5,486 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $149.00, for a total transaction of $817,414.00. Following the transaction, the executive vice president now owns 57,233 shares of the company’s stock, valued at $8,527,717. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Shelette M. Gustafson sold 1,852 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $148.00, for a total value of $274,096.00. Following the transaction, the executive vice president now directly owns 28,791 shares in the company, valued at approximately $4,261,068. The disclosure for this sale can be found here. Insiders have sold 15,838 shares of company stock worth $2,393,710 over the last three months. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on J shares. Argus boosted their price target on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. KeyCorp started coverage on shares of Jacobs Solutions in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Truist Financial initiated coverage on shares of Jacobs Solutions in a research report on Thursday, March 14th. They set a “hold” rating and a $154.00 price target on the stock. Royal Bank of Canada upped their target price on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Finally, Bank of America upped their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the company 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 given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.08.

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.