Empirical Finance LLC Sells 315 Shares of Jacobs Solutions Inc. (NYSE:J)

Empirical Finance LLC lessened its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 6.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,276 shares of the company’s stock after selling 315 shares during the quarter. Empirical Finance LLC’s holdings in Jacobs Solutions were worth $597,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. EdgeRock Capital LLC bought a new stake in Jacobs Solutions during the second quarter valued at about $26,000. GAMMA Investing LLC purchased a new stake in shares of Jacobs Solutions during the fourth quarter valued at about $27,000. Bruce G. Allen Investments LLC boosted its holdings in shares of Jacobs Solutions by 427.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after buying an additional 171 shares in the last quarter. ICA Group Wealth Management LLC purchased a new position in shares of Jacobs Solutions in the 4th quarter worth approximately $30,000. Finally, Union Savings Bank raised its stake in shares of Jacobs Solutions by 78.1% during the 4th quarter. Union Savings Bank now owns 285 shares of the company’s stock worth $37,000 after acquiring an additional 125 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP William B. Allen, Jr. sold 1,451 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 26,699 shares in the company, valued at $3,911,670.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Steven J. Demetriou sold 7,000 shares of the company’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 completion of the transaction, the insider now owns 527,138 shares in the company, valued at approximately $77,426,029.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 sale, the senior vice president now owns 26,699 shares in the company, valued at $3,911,670.49. The disclosure for this sale can be found here. Insiders have sold 22,451 shares of company stock worth $3,196,336 in the last ninety days. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on J shares. UBS Group raised their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Truist Financial reiterated a “hold” rating and set a $158.00 price objective (up previously from $153.00) on shares of Jacobs Solutions in a report on Wednesday, August 7th. StockNews.com downgraded Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 15th. William Blair lowered Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Finally, Robert W. Baird dropped their price target on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $160.40.

Jacobs Solutions Stock Up 0.6 %

Shares of J stock opened at $150.88 on Friday. Jacobs Solutions Inc. has a twelve month low of $120.71 and a twelve month high of $154.50. The stock has a market cap of $18.89 billion, a P/E ratio of 29.13, a P/E/G ratio of 1.67 and a beta of 0.70. The stock has a 50 day moving average of $144.08 and a 200 day moving average of $144.19. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32.

Jacobs Solutions (NYSE:J) last posted its 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 3.83% and a return on equity of 14.59%. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.39 billion. During the same period in the previous year, the firm earned $1.82 EPS. The business’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts expect that Jacobs Solutions Inc. will post 7.98 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, July 26th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Friday, July 26th. Jacobs Solutions’s dividend payout ratio (DPR) is presently 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.