Jacobs Solutions Inc. $J Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. raised its stake in Jacobs Solutions Inc. (NYSE:J) by 3,316.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 398,487 shares of the company’s stock after purchasing an additional 386,822 shares during the quarter. Pacer Advisors Inc.’s holdings in Jacobs Solutions were worth $50,719,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vident Advisory LLC boosted its position in shares of Jacobs Solutions by 0.8% in the second quarter. Vident Advisory LLC now owns 9,794 shares of the company’s stock worth $1,287,000 after buying an additional 75 shares during the period. Gratus Wealth Advisors LLC raised its holdings in shares of Jacobs Solutions by 1.3% during the 4th quarter. Gratus Wealth Advisors LLC now owns 6,193 shares of the company’s stock valued at $820,000 after buying an additional 81 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its position in Jacobs Solutions by 0.7% during the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,456 shares of the company’s stock worth $1,585,000 after acquiring an additional 81 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Jacobs Solutions by 10.4% in the 3rd quarter. Parallel Advisors LLC now owns 915 shares of the company’s stock worth $137,000 after acquiring an additional 86 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its holdings in Jacobs Solutions by 2.2% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 4,414 shares of the company’s stock worth $661,000 after acquiring an additional 93 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

J has been the subject of several recent research reports. Robert W. Baird lowered their price objective on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Truist Financial decreased their target price on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a research note on Thursday, July 2nd. Royal Bank Of Canada raised their price target on shares of Jacobs Solutions from $169.00 to $171.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Citigroup lifted their price target on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings lowered shares of Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $153.30.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $138.72 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.24. Jacobs Solutions Inc. has a fifty-two week low of $105.68 and a fifty-two week high of $168.44. The business has a 50 day moving average price of $126.54 and a two-hundred day moving average price of $129.11. The firm has a market cap of $16.38 billion, a PE ratio of 43.08, a price-to-earnings-growth ratio of 1.31 and a beta of 0.68.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.28 billion. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.Jacobs Solutions’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 EPS. Sell-side analysts expect that Jacobs Solutions Inc. will post 7.22 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 44.72%.

Insiders Place Their Bets

In related news, CEO Robert V. Pragada acquired 3,601 shares of Jacobs Solutions stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $111.09 per share, for a total transaction of $400,035.09. Following the purchase, the chief executive officer directly owned 333,755 shares of the company’s stock, valued at $37,076,842.95. The trade was a 1.09% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Manuel J. Fernandez acquired 253 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of $112.56 per share, with a total value of $28,477.68. Following the completion of the acquisition, the director owned 12,504 shares in the company, valued at $1,407,450.24. This represents a 2.07% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 4,257 shares of company stock valued at $477,651. Insiders own 0.48% of the company’s stock.

About Jacobs Solutions

Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.