River Global Investors LLP Has $1.02 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

River Global Investors LLP grew its stake in Jacobs Solutions Inc. (NYSE:J) by 7.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,820 shares of the company’s stock after acquiring an additional 520 shares during the period. River Global Investors LLP’s holdings in Jacobs Solutions were worth $1,015,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Boston Partners bought a new stake in Jacobs Solutions during the 3rd quarter worth about $106,946,000. Baupost Group LLC MA acquired a new position in Jacobs Solutions in the third quarter valued at approximately $66,583,000. Third Point LLC boosted its stake in Jacobs Solutions by 32.8% in the third quarter. Third Point LLC now owns 1,800,000 shares of the company’s stock valued at $245,700,000 after acquiring an additional 445,018 shares during the last quarter. Ceredex Value Advisors LLC grew its holdings in Jacobs Solutions by 117.2% during the 4th quarter. Ceredex Value Advisors LLC now owns 615,289 shares of the company’s stock worth $79,865,000 after acquiring an additional 332,053 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Jacobs Solutions by 82.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 411,271 shares of the company’s stock worth $56,141,000 after acquiring an additional 186,030 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on J shares. Argus upped their price target on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Bank of America increased their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Truist Financial assumed coverage on shares of Jacobs Solutions in a report on Thursday, March 14th. They issued a “hold” rating and a $154.00 price target for the company. Citigroup raised their price objective on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, Royal Bank of Canada boosted their target price on Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Jacobs Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $155.25.

Jacobs Solutions Stock Performance

J traded up $3.17 during trading hours on Friday, reaching $148.10. The company’s stock had a trading volume of 668,452 shares, compared to its average volume of 449,142. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. The company’s 50-day moving average is $147.41 and its 200-day moving average is $138.13. Jacobs Solutions Inc. has a 52 week low of $109.00 and a 52 week high of $154.50. The firm has a market cap of $18.61 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 1.57 and a beta of 0.74.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.46. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same quarter in the prior year, the business earned $1.67 EPS. Jacobs Solutions’s quarterly revenue was up 10.6% on a year-over-year basis. On average, equities analysts forecast that Jacobs Solutions Inc. will post 8.07 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 24th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.78%. The ex-dividend date is Thursday, May 23rd. Jacobs Solutions’s dividend payout ratio (DPR) is 20.71%.

Insider Buying and Selling at Jacobs Solutions

In related news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $1,072,400.00. Following the completion of the sale, the insider now directly owns 555,138 shares in the company, valued at $85,047,141.60. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $1,072,400.00. Following the completion of the transaction, the insider now owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $145.31, for a total transaction of $217,965.00. Following the sale, the chief financial officer now directly owns 231,604 shares of the company’s stock, valued at approximately $33,654,377.24. The disclosure for this sale can be found here. Insiders sold 24,338 shares of company stock valued at $3,618,695 in the last quarter. Company insiders own 1.00% of the company’s stock.

Jacobs Solutions 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.