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 on Tuesday, April 30th. The stock was sold at an average price of $145.31, for a total transaction of $217,965.00. Following the sale, 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 available at the SEC website.

Jacobs Solutions Stock Up 2.2 %

Shares of NYSE J opened at $148.19 on Friday. Jacobs Solutions Inc. has a 1 year low of $109.00 and a 1 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 firm has a market cap of $18.62 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 1.52 and a beta of 0.74. The company has a 50 day simple moving average of $147.38 and a 200 day simple moving average of $138.05.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.02 billion. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. Jacobs Solutions’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 earnings per share. On average, research analysts forecast that Jacobs Solutions Inc. will post 8.07 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 24th will be given a $0.29 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.78%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 20.71%.

Wall Street Analyst Weigh In

J has been the subject of a number of recent research reports. KeyCorp started coverage on shares of Jacobs Solutions in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company. Bank of America upped their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Argus boosted their price target on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Citigroup boosted their target price on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, Royal Bank of Canada upped their price objective 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. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.25.

Hedge Funds Weigh In On Jacobs Solutions

Hedge funds have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. increased its holdings in Jacobs Solutions by 7.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,021 shares of the company’s stock worth $133,000 after purchasing an additional 75 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Jacobs Solutions by 0.9% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 9,346 shares of the company’s stock valued at $1,276,000 after acquiring an additional 86 shares in the last quarter. Private Trust Co. NA increased its stake in shares of Jacobs Solutions by 17.8% in the 4th quarter. Private Trust Co. NA now owns 575 shares of the company’s stock valued at $75,000 after acquiring an additional 87 shares in the last quarter. Signaturefd LLC lifted its position in shares of Jacobs Solutions by 11.4% during the 3rd quarter. Signaturefd LLC now owns 887 shares of the company’s stock valued at $121,000 after acquiring an additional 91 shares during the period. Finally, Janney Capital Management LLC boosted its stake in Jacobs Solutions by 2.8% during the third quarter. Janney Capital Management LLC now owns 3,430 shares of the company’s stock worth $468,000 after acquiring an additional 93 shares in the last quarter. Institutional investors 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.