Jacobs Solutions Inc. (NYSE:J - Get Free Report) CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $229,800.00. Following the sale, the chief financial officer now directly owns 233,104 shares of the company's stock, valued at approximately $35,711,532.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Jacobs Solutions Stock Performance
Shares of J opened at $149.85 on Thursday. The company has a market capitalization of $18.83 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 1.59 and a beta of 0.73. Jacobs Solutions Inc. has a one year low of $109.00 and a one year high of $154.50. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.37. The company's fifty day moving average price is $146.10 and its 200 day moving average price is $136.65.
Jacobs Solutions (NYSE:J - Get Free Report) last announced its earnings results on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $4.02 billion. During the same quarter last year, the firm posted $1.67 EPS. The business's quarterly revenue was up 10.6% on a year-over-year basis. As a group, analysts expect that Jacobs Solutions Inc. will post 8.06 earnings per share for the current year.
Jacobs Solutions Increases Dividend
Charles Payne’s Gift to Stock Investors
From Unstoppable Prosperity | Ad
Right now, millions of good honest folks are feeling the squeeze.
Last year's terrible market did a number on their accounts.
Stock values plunged.
Retirement accounts lost too.
Watch Insider's Advantage Event Tuesday at 4:00 PM ET
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were issued a dividend of $0.29 per share. This is an increase from Jacobs Solutions's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.16 annualized dividend and a dividend yield of 0.77%. Jacobs Solutions's payout ratio is presently 20.71%.
Institutional Trading of Jacobs Solutions
Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Jacobs Solutions by 1.8% during the 1st 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 in the last quarter. Capital World Investors lifted its position in shares of Jacobs Solutions by 0.8% during the fourth quarter. Capital World Investors now owns 6,398,776 shares of the company's stock worth $830,561,000 after purchasing an additional 49,545 shares in the last quarter. Select Equity Group L.P. lifted its position 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 purchasing an additional 529,557 shares in the last quarter. Capital International Investors lifted its position in shares of Jacobs Solutions by 8.1% during 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Jacobs Solutions by 0.4% during 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 in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on J shares. Truist Financial started coverage on shares of Jacobs Solutions in a research note on Thursday, March 14th. They set a "hold" rating and a $154.00 target price for the company. Argus lifted their target price on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a "buy" rating in a research note on Thursday, March 14th. Royal Bank of Canada lifted their target price on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an "outperform" rating in a research note on Wednesday, February 7th. KeyCorp assumed coverage on shares of Jacobs Solutions in a research note on Wednesday, January 10th. They set a "sector weight" rating for the company. Finally, Bank of America lifted their price objective on shares of Jacobs Solutions from $145.00 to $152.00 and gave the company a "neutral" rating in a research note on Tuesday. 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, Jacobs Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.08.
Get Our Latest Stock Report on Jacobs Solutions
Jacobs Solutions Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
