Hsbc Holdings PLC boosted its stake in Jacobs Solutions Inc. (NYSE:J – Free Report) by 2.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 232,708 shares of the company’s stock after buying an additional 6,419 shares during the period. Hsbc Holdings PLC owned 0.20% of Jacobs Solutions worth $30,885,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Vident Advisory LLC lifted its stake in shares of Jacobs Solutions by 0.8% in the 2nd quarter. Vident Advisory LLC now owns 9,794 shares of the company’s stock worth $1,287,000 after acquiring an additional 75 shares during the period. Gratus Wealth Advisors LLC increased its stake in shares of Jacobs Solutions by 1.3% during the fourth quarter. Gratus Wealth Advisors LLC now owns 6,193 shares of the company’s stock valued at $820,000 after acquiring an additional 81 shares during the period. Compound Planning Inc. raised its holdings in Jacobs Solutions by 3.8% during the third quarter. Compound Planning Inc. now owns 2,250 shares of the company’s stock worth $337,000 after purchasing an additional 83 shares in the last quarter. Parallel Advisors LLC raised its holdings in Jacobs Solutions by 10.4% during the third quarter. Parallel Advisors LLC now owns 915 shares of the company’s stock worth $137,000 after purchasing an additional 86 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted its position in Jacobs Solutions by 2.2% in the third quarter. Kestra Private Wealth Services LLC now owns 4,414 shares of the company’s stock worth $661,000 after purchasing an additional 93 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.
Jacobs Solutions Stock Performance
Jacobs Solutions stock opened at $122.32 on Thursday. Jacobs Solutions Inc. has a fifty-two week low of $105.68 and a fifty-two week high of $168.44. The firm’s 50 day simple moving average is $121.70 and its 200-day simple moving average is $130.28. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market cap of $14.44 billion, a P/E ratio of 37.99, a price-to-earnings-growth ratio of 1.17 and a beta of 0.69.
Jacobs Solutions Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, May 22nd were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, May 22nd. Jacobs Solutions’s dividend payout ratio (DPR) is 44.72%.
Wall Street Analyst Weigh In
J has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 7th. Citigroup raised their target price on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. KeyCorp lowered their target price on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $169.00 price target on shares of Jacobs Solutions in a research report on Tuesday, May 19th. Finally, Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $153.40.
Get Our Latest Stock Report on J
Insiders Place Their Bets
In other Jacobs Solutions news, CEO Robert V. Pragada purchased 3,601 shares of the stock in a transaction dated Friday, May 15th. The shares were acquired at an average price of $111.09 per share, for a total transaction of $400,035.09. Following the completion of the acquisition, the chief executive officer owned 333,755 shares of the company’s stock, valued at $37,076,842.95. This represents a 1.09% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Manuel J. Fernandez acquired 403 shares of Jacobs Solutions stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average cost of $121.93 per share, with a total value of $49,137.79. Following the completion of the purchase, the director owned 12,251 shares in the company, valued at approximately $1,493,764.43. This represents a 3.40% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 4,257 shares of company stock worth $477,651 in the last quarter. 0.48% of the stock is currently owned by corporate insiders.
About Jacobs Solutions
Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.
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