Jupiter Topco LLC bought a new position in Jacobs Solutions Inc. (NYSE:J – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 556,739 shares of the company’s stock, valued at approximately $70,124,000. Jupiter Topco LLC owned 0.47% of Jacobs Solutions at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC purchased a new stake in Jacobs Solutions during the 3rd quarter worth approximately $27,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Jacobs Solutions during the 2nd quarter valued at approximately $30,000. Wealth Watch Advisors INC acquired a new stake in shares of Jacobs Solutions during the third quarter worth approximately $33,000. International Assets Investment Management LLC acquired a new stake in shares of Jacobs Solutions during the fourth quarter worth approximately $38,000. Finally, Torren Management LLC bought a new stake in shares of Jacobs Solutions in the fourth quarter worth $41,000. Institutional investors and hedge funds own 85.65% of the company’s stock.
Jacobs Solutions Stock Down 0.7%
J stock opened at $150.41 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.29 and a quick ratio of 1.29. Jacobs Solutions Inc. has a 1-year low of $105.68 and a 1-year high of $168.44. The firm has a fifty day moving average price of $135.41 and a two-hundred day moving average price of $130.11. The firm has a market cap of $17.76 billion, a price-to-earnings ratio of 53.34, a PEG ratio of 1.46 and a beta of 0.68.
Jacobs Solutions Announces Dividend
The firm also recently announced 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. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 51.06%.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the stock. UBS Group boosted their target price on shares of Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Citigroup increased their price target on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada lifted their price target on Jacobs Solutions from $171.00 to $174.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Truist Financial lowered their price objective on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a report on Thursday, July 2nd. Finally, Wall Street Zen upgraded Jacobs Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.70.
Read Our Latest Stock Report on Jacobs Solutions
Insider Transactions at Jacobs Solutions
In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of Jacobs Solutions stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $144.10, for a total value of $2,478,664.10. Following the completion of the transaction, the president directly owned 67,356 shares in the company, valued at $9,705,999.60. The trade was a 20.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.48% of the stock is 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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