1,066 Shares in Jacobs Solutions Inc. (NYSE:J) Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. purchased a new stake in Jacobs Solutions Inc. (NYSE:J) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,066 shares of the company’s stock, valued at approximately $138,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Stratos Wealth Partners LTD. lifted its position in shares of Jacobs Solutions by 0.9% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 9,346 shares of the company’s stock worth $1,276,000 after buying an additional 86 shares during the period. Private Trust Co. NA boosted its stake in shares of Jacobs Solutions by 17.8% in the 4th quarter. Private Trust Co. NA now owns 575 shares of the company’s stock valued at $75,000 after purchasing an additional 87 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Jacobs Solutions by 11.4% in the 3rd quarter. Signaturefd LLC now owns 887 shares of the company’s stock worth $121,000 after purchasing an additional 91 shares during the last quarter. Janney Capital Management LLC increased its position in shares of Jacobs Solutions by 2.8% during the 3rd quarter. Janney Capital Management LLC now owns 3,430 shares of the company’s stock worth $468,000 after purchasing an additional 93 shares in the last quarter. Finally, Souders Financial Advisors lifted its holdings in Jacobs Solutions by 2.3% during the 4th quarter. Souders Financial Advisors now owns 4,351 shares of the company’s stock valued at $565,000 after purchasing an additional 96 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Insider Buying and Selling

In other news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction 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 transaction, the insider now owns 555,138 shares in the company, valued at approximately $85,047,141.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the completion of the transaction, the chief financial officer now owns 233,104 shares of the company’s stock, valued at approximately $35,711,532.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the sale, the insider now directly owns 555,138 shares in the company, valued at approximately $85,047,141.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,338 shares of company stock worth $3,618,695. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Performance

NYSE:J opened at $148.10 on Friday. The stock has a 50 day simple moving average of $147.41 and a 200 day simple moving average of $138.12. The stock has a market cap of $18.61 billion, a P/E ratio of 26.45, a PEG ratio of 1.57 and a beta of 0.74. Jacobs Solutions Inc. has a 1-year low of $109.00 and a 1-year high of $154.50. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter in the previous year, the company earned $1.67 EPS. The business’s revenue was up 10.6% on a year-over-year basis. Research analysts anticipate that Jacobs Solutions Inc. will post 8.07 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 24th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, May 23rd. Jacobs Solutions’s dividend payout ratio (DPR) is presently 20.71%.

Analysts Set New Price Targets

A number of equities analysts have commented on J shares. Argus increased their target price on Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Royal Bank of Canada raised their price objective on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Truist Financial started coverage on shares of Jacobs Solutions in a research note on Thursday, March 14th. They issued a “hold” rating and a $154.00 target price for the company. KeyCorp began coverage on shares of Jacobs Solutions in a research note on Wednesday, January 10th. They set a “sector weight” rating on the stock. Finally, Citigroup boosted their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Jacobs Solutions presently has an average rating of “Moderate Buy” and an average price target of $155.25.

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.