1,696 Shares in Jacobs Solutions Inc. (NYSE:J) Bought by Camden National Bank

Camden National Bank acquired a new stake in Jacobs Solutions Inc. (NYSE:J) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,696 shares of the company’s stock, valued at approximately $222,000.

A number of other large investors have also modified their holdings of J. O Shaughnessy Asset Management LLC lifted its position in shares of Jacobs Solutions by 37.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,839 shares of the company’s stock valued at $590,000 after buying an additional 1,036 shares in the last quarter. Natixis increased its stake in shares of Jacobs Solutions by 55.0% during the first quarter. Natixis now owns 3,242 shares of the company’s stock worth $498,000 after purchasing an additional 1,150 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Jacobs Solutions during the 1st quarter worth about $223,000. LRI Investments LLC purchased a new position in Jacobs Solutions in the 1st quarter valued at about $48,000. Finally, Mount Yale Investment Advisors LLC lifted its stake in Jacobs Solutions by 20.7% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 3,162 shares of the company’s stock valued at $486,000 after buying an additional 542 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Stock Up 1.4 %

Shares of NYSE J opened at $137.36 on Friday. The company has a market capitalization of $17.07 billion, a P/E ratio of 21.70, a P/E/G ratio of 2.04 and a beta of 0.71. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.14. The company has a 50 day simple moving average of $142.11 and a 200-day simple moving average of $142.29. Jacobs Solutions Inc. has a 1 year low of $101.64 and a 1 year high of $150.54.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same period last year, the business earned $1.90 EPS. Jacobs Solutions’s revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts predict that Jacobs Solutions Inc. will post 6.08 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is presently 18.33%.

Analyst Ratings Changes

J has been the subject of a number of research analyst reports. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a report on Friday, October 4th. Citigroup decreased their price objective on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a report on Wednesday. UBS Group upped their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Truist Financial decreased their price target on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada dropped their price objective on shares of Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating for the company in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $156.50.

Insider Buying and Selling at Jacobs Solutions

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