International Assets Investment Management LLC Invests $3.62 Million in Jacobs Solutions Inc. (NYSE:J)

International Assets Investment Management LLC acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 27,907 shares of the company’s stock, valued at approximately $3,622,000.

Several other institutional investors have also modified their holdings of J. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Jacobs Solutions during the 1st quarter valued at about $125,000. Panagora Asset Management Inc. lifted its holdings in shares of Jacobs Solutions by 22.6% during the 1st quarter. Panagora Asset Management Inc. now owns 3,472 shares of the company’s stock valued at $478,000 after purchasing an additional 641 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Jacobs Solutions by 5.7% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,290 shares of the company’s stock valued at $2,383,000 after acquiring an additional 933 shares in the last quarter. Cibc World Market Inc. lifted its stake in Jacobs Solutions by 4.8% in the 1st quarter. Cibc World Market Inc. now owns 14,801 shares of the company’s stock valued at $2,040,000 after acquiring an additional 680 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in Jacobs Solutions by 5.6% in the 1st quarter. Vontobel Holding Ltd. now owns 8,445 shares of the company’s stock valued at $1,179,000 after acquiring an additional 448 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Down 1.4 %

J stock opened at $142.97 on Thursday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $17.96 billion, a PE ratio of 25.53, a PEG ratio of 1.53 and a beta of 0.73. Jacobs Solutions Inc. has a 1-year low of $109.00 and a 1-year high of $154.50. The business’s 50 day simple moving average is $147.64 and its 200 day simple moving average is $137.51.

Jacobs Solutions (NYSE:J) last posted 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 return on equity of 14.57% and a net margin of 4.20%. The business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period in the previous year, the firm earned $1.67 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. As a group, research analysts anticipate that Jacobs Solutions Inc. will post 8.07 EPS for the current year.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.81%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.26. The ex-dividend date 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, CFO Kevin C. Berryman sold 1,500 shares of the company’s 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 transaction, 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 legal filing with the SEC, which is accessible through this link. In other news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $85,047,141.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the sale, the chief financial officer now owns 233,104 shares of the company’s stock, valued at $35,711,532.80. The disclosure for this sale can be found here. Insiders have sold a total of 15,838 shares of company stock valued at $2,393,710 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.