Jacobs Solutions Inc. (NYSE:J) Stock Holdings Lifted by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC raised its stake in Jacobs Solutions Inc. (NYSE:J) by 6.0% in the second quarter, HoldingsChannel.com reports. The fund owned 60,423 shares of the company’s stock after buying an additional 3,445 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Jacobs Solutions were worth $8,442,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in J. Tlwm increased its stake in shares of Jacobs Solutions by 1.2% in the second quarter. Tlwm now owns 6,046 shares of the company’s stock valued at $845,000 after purchasing an additional 74 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Jacobs Solutions by 7.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,021 shares of the company’s stock valued at $133,000 after acquiring an additional 75 shares during the period. American National Bank raised its stake in Jacobs Solutions by 1.4% during the 2nd quarter. American National Bank now owns 6,488 shares of the company’s stock valued at $906,000 after acquiring an additional 88 shares in the last quarter. Global Financial Private Client LLC boosted its position in Jacobs Solutions by 2.6% during the 2nd quarter. Global Financial Private Client LLC now owns 3,944 shares of the company’s stock worth $551,000 after acquiring an additional 100 shares during the period. Finally, Fifth Third Bancorp grew its stake in shares of Jacobs Solutions by 3.3% in the second quarter. Fifth Third Bancorp now owns 3,697 shares of the company’s stock worth $517,000 after purchasing an additional 117 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Trading Up 0.6 %

Shares of Jacobs Solutions stock traded up $0.88 on Friday, reaching $150.88. 830,758 shares of the company were exchanged, compared to its average volume of 662,556. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. Jacobs Solutions Inc. has a fifty-two week low of $120.71 and a fifty-two week high of $154.50. The firm has a market capitalization of $18.89 billion, a price-to-earnings ratio of 29.13, a price-to-earnings-growth ratio of 1.67 and a beta of 0.70. The stock has a fifty day moving average price of $144.08 and a 200-day moving average price of $144.19.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, meeting analysts’ consensus estimates of $1.96. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.39 billion. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.82 earnings per share. On average, analysts expect that Jacobs Solutions Inc. will post 7.98 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, July 26th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.77%. The ex-dividend date was Friday, July 26th. Jacobs Solutions’s payout ratio is 22.39%.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $139.43, for a total transaction of $976,010.00. Following the completion of the sale, the insider now directly owns 541,138 shares in the company, valued at approximately $75,450,871.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $139.43, for a total value of $976,010.00. Following the transaction, the insider now owns 541,138 shares in the company, valued at approximately $75,450,871.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction on Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction of $212,586.01. Following the sale, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. The disclosure for this sale can be found here. Insiders have sold a total of 22,451 shares of company stock valued at $3,196,336 in the last three months. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. UBS Group upped their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Robert W. Baird lowered their price objective on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. StockNews.com downgraded Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 15th. Finally, William Blair cut Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $160.40.

Jacobs Solutions 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.