Jacobs Solutions Inc. (NYSE:J) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC increased its position in shares of Jacobs Solutions Inc. (NYSE:J) by 1,794.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,240 shares of the company’s stock after purchasing an additional 3,069 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Jacobs Solutions were worth $465,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC acquired a new position in Jacobs Solutions in the fourth quarter valued at approximately $27,000. ICA Group Wealth Management LLC acquired a new position in Jacobs Solutions in the fourth quarter valued at approximately $30,000. Union Savings Bank lifted its holdings in Jacobs Solutions by 78.1% in the fourth quarter. Union Savings Bank now owns 285 shares of the company’s stock valued at $37,000 after acquiring an additional 125 shares during the period. Northwest Financial Advisors acquired a new position in Jacobs Solutions in the fourth quarter valued at approximately $39,000. Finally, Quarry LP lifted its holdings in Jacobs Solutions by 108.9% in the fourth quarter. Quarry LP now owns 305 shares of the company’s stock valued at $40,000 after acquiring an additional 159 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insider Buying and Selling

In related news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $139.94, for a total transaction of $979,580.00. Following the transaction, the insider now owns 534,138 shares of the company’s stock, valued at approximately $74,747,271.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Jacobs Solutions Trading Down 1.7 %

Shares of Jacobs Solutions stock traded down $2.52 during trading hours on Friday, hitting $142.24. The company’s stock had a trading volume of 595,391 shares, compared to its average volume of 601,598. Jacobs Solutions Inc. has a twelve month low of $120.71 and a twelve month high of $154.50. The firm has a fifty day moving average of $141.45 and a 200-day moving average of $142.96. The stock has a market cap of $17.81 billion, a price-to-earnings ratio of 27.46, a P/E/G ratio of 1.67 and a beta of 0.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.84 by $0.07. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The business had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the prior year, the company posted $1.81 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Research analysts forecast that Jacobs Solutions Inc. will post 7.98 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, July 26th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Friday, July 26th. Jacobs Solutions’s payout ratio is 22.39%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on J. Citigroup upped their target price on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. StockNews.com downgraded Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd. William Blair downgraded Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Robert W. Baird reduced their target price on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Finally, Truist Financial reduced their target price on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $156.82.

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.