Lathrop Investment Management Corp Has $16.65 Million Stock Position in Jacobs Solutions Inc. (NYSE:J)

Lathrop Investment Management Corp decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 1.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 127,169 shares of the company’s stock after selling 1,553 shares during the period. Jacobs Solutions accounts for 3.1% of Lathrop Investment Management Corp’s portfolio, making the stock its 10th largest position. Lathrop Investment Management Corp owned approximately 0.10% of Jacobs Solutions worth $16,646,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. EdgeRock Capital LLC bought a new position in Jacobs Solutions in the second quarter valued at about $26,000. Bruce G. Allen Investments LLC lifted its holdings in Jacobs Solutions by 427.5% in the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after acquiring an additional 171 shares during the period. First Horizon Advisors Inc. lifted its holdings in Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after acquiring an additional 74 shares during the period. LRI Investments LLC bought a new position in Jacobs Solutions in the first quarter valued at about $48,000. Finally, Capital Performance Advisors LLP bought a new position in Jacobs Solutions in the third quarter valued at about $42,000. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

Shares of J stock opened at $135.82 on Friday. Jacobs Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $150.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.14 and a current ratio of 1.20. The firm has a market capitalization of $16.88 billion, a P/E ratio of 21.46, a P/E/G ratio of 2.04 and a beta of 0.71. The stock has a 50 day moving average price of $142.25 and a 200 day moving average price of $142.37.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $1.90 earnings per share. As a group, sell-side analysts predict that Jacobs Solutions Inc. will post 6 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions’s payout ratio is 18.33%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a research note on Friday, October 4th. Royal Bank of Canada decreased their price objective on Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating on the stock in a research note on Thursday. StockNews.com started coverage on Jacobs Solutions in a research note on Monday. They issued a “buy” rating on the stock. Robert W. Baird lifted their target price on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, UBS Group lifted their target price on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $156.89.

Insider Transactions at Jacobs Solutions

In related news, Director Christopher M.T. Thompson sold 1,898 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the transaction, the director now directly owns 42,069 shares in the company, valued at $6,346,108.65. The trade was a 4.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total value of $625,633.38. Following the transaction, the executive vice president now owns 24,564 shares in the company, valued at approximately $3,688,038.96. This trade represents a 14.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.