Jacobs Solutions Inc. (NYSE:J) Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its holdings in Jacobs Solutions Inc. (NYSE:J) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,608 shares of the company’s stock after purchasing an additional 1,172 shares during the period. QRG Capital Management Inc.’s holdings in Jacobs Solutions were worth $8,920,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Boston Partners increased its position in shares of Jacobs Solutions by 27.9% in the first quarter. Boston Partners now owns 3,697,086 shares of the company’s stock worth $567,436,000 after acquiring an additional 805,657 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Jacobs Solutions by 5,170.1% in the second quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock valued at $58,550,000 after purchasing an additional 411,123 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Jacobs Solutions by 6.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock worth $464,736,000 after buying an additional 192,166 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Jacobs Solutions by 305.4% during the first quarter. Russell Investments Group Ltd. now owns 182,135 shares of the company’s stock valued at $27,910,000 after buying an additional 137,213 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its position in Jacobs Solutions by 7,306.2% during the first quarter. Westwood Holdings Group Inc. now owns 138,051 shares of the company’s stock valued at $21,223,000 after buying an additional 136,187 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP William B. Allen, Jr. sold 1,451 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the sale, the senior vice president now owns 26,699 shares of the company’s stock, valued at $3,911,670.49. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, 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 sale, the senior vice president now directly owns 26,699 shares in the company, valued at $3,911,670.49. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Shelette M. Gustafson sold 4,167 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,516 shares of company stock worth $1,124,533. 1.00% of the stock is owned by corporate insiders.

Jacobs Solutions Trading Up 0.2 %

Shares of Jacobs Solutions stock opened at $139.84 on Tuesday. Jacobs Solutions Inc. has a 12-month low of $100.59 and a 12-month high of $144.56. The stock has a market capitalization of $17.38 billion, a P/E ratio of 27.64, a price-to-earnings-growth ratio of 1.41 and a beta of 0.71. The company has a 50-day simple moving average of $143.38 and a 200 day simple moving average of $142.57. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, hitting the consensus estimate of $1.96. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.39 billion. During the same period in the previous year, the business earned $1.82 EPS. Jacobs Solutions’s revenue was up 1.1% compared to the same quarter last year. Research analysts expect that Jacobs Solutions Inc. will post 7.95 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions’s payout ratio is presently 22.92%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on J shares. StockNews.com lowered shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Truist Financial cut their price objective on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Royal Bank of Canada upped their price target on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. UBS Group boosted their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Finally, Citigroup boosted their price objective on shares of Jacobs Solutions from $138.60 to $166.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $159.30.

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.