Great Lakes Retirement Inc. Increases Holdings in Jacobs Solutions Inc. (NYSE:J)

Great Lakes Retirement Inc. raised its holdings in Jacobs Solutions Inc. (NYSE:J) by 4.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,942 shares of the company’s stock after purchasing an additional 642 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Jacobs Solutions were worth $1,956,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in Jacobs Solutions by 12,990.4% in the 3rd quarter. International Assets Investment Management LLC now owns 13,614 shares of the company’s stock valued at $1,782,000 after purchasing an additional 13,510 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of Jacobs Solutions by 9.9% in the 3rd quarter. Private Advisor Group LLC now owns 13,447 shares of the company’s stock valued at $1,760,000 after purchasing an additional 1,210 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its stake in Jacobs Solutions by 11.8% during the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 19,000 shares of the company’s stock worth $2,487,000 after buying an additional 2,000 shares during the period. Argus Investors Counsel Inc. boosted its position in shares of Jacobs Solutions by 2.8% during the 3rd quarter. Argus Investors Counsel Inc. now owns 4,267 shares of the company’s stock worth $559,000 after purchasing an additional 117 shares during the period. Finally, Telos Capital Management Inc. grew its stake in shares of Jacobs Solutions by 1.6% in the third quarter. Telos Capital Management Inc. now owns 88,295 shares of the company’s stock valued at $11,558,000 after buying an additional 1,385 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on J. UBS Group upped their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. StockNews.com raised Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Citigroup raised their price target on Jacobs Solutions from $138.60 to $166.00 and gave the stock a “buy” rating in a research report on Tuesday. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research report on Friday, October 4th. Finally, Truist Financial reduced their target price on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $159.30.

Insider Transactions at Jacobs Solutions

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

Jacobs Solutions Stock Down 0.3 %

J opened at $141.38 on Thursday. The business has a 50 day moving average of $144.52 and a 200-day moving average of $142.80. Jacobs Solutions Inc. has a 1-year low of $100.59 and a 1-year high of $144.56. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $17.70 billion, a price-to-earnings ratio of 27.29, a P/E/G ratio of 1.39 and a beta of 0.72.

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

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be paid a $0.29 dividend. The ex-dividend date is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 0.82%. Jacobs Solutions’s payout ratio is 22.39%.

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.