Lecap Asset Management Ltd. Buys Shares of 11,734 Jacobs Solutions Inc. (NYSE:J)

Lecap Asset Management Ltd. bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J) during the 2nd quarter, HoldingsChannel reports. The firm bought 11,734 shares of the company’s stock, valued at approximately $1,639,000.

Several other institutional investors have also added to or reduced their stakes in the business. Tlwm lifted its holdings in shares of Jacobs Solutions by 1.2% during the 2nd quarter. Tlwm now owns 6,046 shares of the company’s stock valued at $845,000 after buying an additional 74 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Jacobs Solutions by 7.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,021 shares of the company’s stock valued at $133,000 after buying an additional 75 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Jacobs Solutions by 3.3% during the 2nd quarter. Fifth Third Bancorp now owns 3,697 shares of the company’s stock valued at $517,000 after buying an additional 117 shares during the period. NBC Securities Inc. lifted its holdings in shares of Jacobs Solutions by 5.0% during the 4th quarter. NBC Securities Inc. now owns 2,512 shares of the company’s stock valued at $326,000 after buying an additional 119 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Jacobs Solutions by 3.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,401 shares of the company’s stock valued at $475,000 after buying an additional 119 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

J stock traded up $0.98 during trading on Wednesday, reaching $148.44. The company’s stock had a trading volume of 426,315 shares, compared to its average volume of 669,228. The company has a market capitalization of $18.59 billion, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 1.67 and a beta of 0.70. The company’s fifty day moving average is $142.97 and its 200-day moving average is $143.88. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. Jacobs Solutions Inc. has a 1 year low of $120.71 and a 1 year high of $154.50.

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

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, July 26th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.78%. Jacobs Solutions’s payout ratio is 22.39%.

Wall Street Analyst Weigh In

J has been the topic of several research analyst reports. Robert W. Baird lowered their price target on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada raised their target price on Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. William Blair cut Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Truist Financial reaffirmed a “hold” rating and issued a $158.00 target price (up from $153.00) on shares of Jacobs Solutions in a report on Wednesday, August 7th. Finally, UBS Group raised their target price on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.40.

Insider Activity

In other news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $139.94, for a total transaction of $979,580.00. Following the completion of the transaction, the insider now owns 534,138 shares in the company, valued at $74,747,271.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $139.94, for a total value of $979,580.00. Following the completion of the transaction, the insider now owns 534,138 shares in the company, valued at $74,747,271.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the transaction, the senior vice president now 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 sold a total of 22,451 shares of company stock worth $3,196,336 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

About Jacobs Solutions

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.