First National Bank of Omaha purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 109,085 shares of the company’s stock, valued at approximately $13,588,000.
Several other hedge funds also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Jacobs Solutions in the second quarter valued at approximately $1,372,610,000. State Street Corp boosted its holdings in Jacobs Solutions by 3.4% during the fourth quarter. State Street Corp now owns 7,367,828 shares of the company’s stock worth $975,942,000 after purchasing an additional 243,345 shares during the last quarter. Morgan Stanley grew its position in Jacobs Solutions by 19.5% in the fourth quarter. Morgan Stanley now owns 3,379,681 shares of the company’s stock valued at $447,673,000 after purchasing an additional 552,277 shares in the last quarter. Geode Capital Management LLC grew its position in Jacobs Solutions by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 3,219,481 shares of the company’s stock valued at $424,846,000 after purchasing an additional 28,076 shares in the last quarter. Finally, Boston Partners increased its stake in Jacobs Solutions by 3.7% in the 3rd quarter. Boston Partners now owns 3,040,383 shares of the company’s stock valued at $456,746,000 after buying an additional 108,134 shares during the last quarter. 85.65% of the stock is owned by institutional investors.
Jacobs Solutions Stock Performance
J opened at $143.09 on Wednesday. Jacobs Solutions Inc. has a 12-month low of $105.68 and a 12-month high of $168.44. The stock has a market cap of $16.90 billion, a price-to-earnings ratio of 50.74, a PEG ratio of 1.39 and a beta of 0.68. The business has a 50 day moving average of $131.79 and a 200-day moving average of $129.60. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10.
Jacobs Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st. Jacobs Solutions’s dividend payout ratio is currently 51.06%.
Insider Buying and Selling at Jacobs Solutions
In other news, President Patrick Hill sold 17,201 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the transaction, the president owned 67,356 shares in the company, valued at approximately $9,705,999.60. This trade represents a 20.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.48% of the company’s stock.
Analyst Upgrades and Downgrades
J has been the topic of several analyst reports. Royal Bank Of Canada boosted their price target on shares of Jacobs Solutions from $171.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Jacobs Solutions in a report on Monday, August 3rd. KeyCorp lowered their target price on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Truist Financial dropped their target price on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a report on Thursday, July 2nd. Finally, UBS Group raised their price target on Jacobs Solutions from $156.00 to $167.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.70.
Read Our Latest Stock Analysis on J
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.
Featured Articles
- Five stocks we like better than Jacobs Solutions
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Want to see what other hedge funds are holding J? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jacobs Solutions Inc. (NYSE:J – Free Report).
Receive News & Ratings for Jacobs Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
