McKinley Carter Wealth Services Inc. Has $7.16 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

McKinley Carter Wealth Services Inc. lifted its stake in Jacobs Solutions Inc. (NYSE:J) by 1.1% during the third quarter, Holdings Channel.com reports. The fund owned 54,669 shares of the company’s stock after buying an additional 595 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Jacobs Solutions were worth $7,156,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of J. Tlwm increased its position in shares of Jacobs Solutions by 1.2% during the 2nd quarter. Tlwm now owns 6,046 shares of the company’s stock worth $845,000 after purchasing an additional 74 shares during the last quarter. Hudson Edge Investment Partners Inc. grew its stake in shares of Jacobs Solutions by 1.4% in the second quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock valued at $834,000 after buying an additional 82 shares in the last quarter. American National Bank raised its position in Jacobs Solutions by 1.4% during the second quarter. American National Bank now owns 6,488 shares of the company’s stock worth $906,000 after acquiring an additional 88 shares in the last quarter. Global Financial Private Client LLC lifted its stake in Jacobs Solutions by 2.6% in the second quarter. Global Financial Private Client LLC now owns 3,944 shares of the company’s stock valued at $551,000 after acquiring an additional 100 shares during the last quarter. Finally, Gabelli Funds LLC grew its position in shares of Jacobs Solutions by 6.9% in the 2nd quarter. Gabelli Funds LLC now owns 1,550 shares of the company’s stock valued at $217,000 after acquiring an additional 100 shares during the period. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of J traded up $2.62 during midday trading on Wednesday, reaching $140.96. 81,747 shares of the stock were exchanged, compared to its average volume of 687,245. The stock’s 50 day simple moving average is $144.58 and its 200 day simple moving average is $143.06. The company has a market cap of $17.65 billion, a P/E ratio of 26.71, a PEG ratio of 1.39 and a beta of 0.72. Jacobs Solutions Inc. has a twelve month low of $120.71 and a twelve month high of $156.31. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, hitting the consensus estimate of $1.96. The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.39 billion. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.82 EPS. On average, sell-side analysts expect that Jacobs Solutions Inc. will post 7.95 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is currently 22.39%.

Insiders Place Their Bets

In related news, SVP William B. Allen, Jr. sold 1,451 shares of the business’s 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 transaction, the senior vice president now owns 26,699 shares of the company’s stock, valued at $3,911,670.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP William B. Allen, Jr. sold 1,451 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction of $212,586.01. Following the sale, the senior vice president now owns 26,699 shares in the company, valued at approximately $3,911,670.49. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christopher M.T. Thompson sold 1,898 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total transaction of $286,313.30. Following the transaction, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,516 shares of company stock worth $2,152,693 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a report on Friday, October 4th. Royal Bank of Canada upped their price objective on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. UBS Group lifted their target price on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. 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. Finally, StockNews.com began coverage on shares of Jacobs Solutions in a research report on Wednesday, October 2nd. They set a “buy” rating for the company. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $159.60.

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.