Toth Financial Advisory Corp Raises Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Toth Financial Advisory Corp raised its position in shares of Jacobs Solutions Inc. (NYSE:J) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,068 shares of the company’s stock after buying an additional 2,165 shares during the period. Toth Financial Advisory Corp’s holdings in Jacobs Solutions were worth $6,423,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in J. Boston Partners raised its holdings in shares of Jacobs Solutions by 27.9% during the first quarter. Boston Partners now owns 3,697,086 shares of the company’s stock valued at $567,436,000 after acquiring an additional 805,657 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Jacobs Solutions by 6.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock worth $464,736,000 after purchasing an additional 192,166 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Jacobs Solutions by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock valued at $169,366,000 after purchasing an additional 127,605 shares in the last quarter. American Century Companies Inc. increased its position in shares of Jacobs Solutions by 12.0% during the second quarter. American Century Companies Inc. now owns 632,868 shares of the company’s stock valued at $88,418,000 after buying an additional 67,821 shares during the period. Finally, Ceredex Value Advisors LLC raised its stake in Jacobs Solutions by 5.5% in the second quarter. Ceredex Value Advisors LLC now owns 601,944 shares of the company’s stock worth $84,098,000 after buying an additional 31,225 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on J. Robert W. Baird cut their price objective on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a research report on Friday, October 4th. Truist Financial decreased their price objective on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. UBS Group raised their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, StockNews.com started coverage on shares of Jacobs Solutions in a research report on Wednesday, October 2nd. They issued a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $159.60.

Insider Activity

In other news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $146.88, for a total transaction of $1,028,160.00. Following the sale, the insider now owns 527,138 shares of the company’s stock, valued at $77,426,029.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $146.88, for a total transaction of $1,028,160.00. Following the completion of the sale, the insider now directly owns 527,138 shares in the company, valued at approximately $77,426,029.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William B. Allen, Jr. sold 1,451 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $3,911,670.49. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,516 shares of company stock valued at $2,152,693 over the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Jacobs Solutions Stock Down 0.2 %

J stock traded down $0.27 during trading on Monday, hitting $143.63. 128,398 shares of the stock traded hands, compared to its average volume of 810,091. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $17.98 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 1.39 and a beta of 0.72. Jacobs Solutions Inc. has a 1 year low of $100.59 and a 1 year high of $144.55. The firm’s 50 day moving average is $144.64 and its two-hundred day moving average is $142.90.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, meeting the consensus estimate of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.39 billion. During the same quarter last year, the firm earned $1.82 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Jacobs Solutions Inc. will post 7.95 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Friday, October 25th. Jacobs Solutions’s dividend payout ratio is currently 22.39%.

Jacobs Solutions Company 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.