1,696 Shares in Jacobs Solutions Inc. (NYSE:J) Bought by Camden National Bank

Camden National Bank purchased a new stake in Jacobs Solutions Inc. (NYSE:J) during the third quarter, Holdings Channel reports. The institutional investor purchased 1,696 shares of the company’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Tlwm grew its stake in shares of Jacobs Solutions by 1.2% during the second quarter. Tlwm now owns 6,046 shares of the company’s stock worth $845,000 after purchasing an additional 74 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of Jacobs Solutions by 44.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after acquiring an additional 74 shares in the last quarter. Hudson Edge Investment Partners Inc. increased its holdings in shares of Jacobs Solutions by 1.4% in the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock valued at $834,000 after acquiring an additional 82 shares during the last quarter. Empirical Finance LLC raised its position in shares of Jacobs Solutions by 1.9% during the 3rd quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock worth $570,000 after acquiring an additional 82 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its stake in Jacobs Solutions by 4.0% during the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock worth $293,000 after purchasing an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Trading Up 1.4 %

Shares of J stock opened at $137.36 on Friday. The company has a market capitalization of $17.07 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 2.04 and a beta of 0.71. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $142.11 and its two-hundred day moving average is $142.29. Jacobs Solutions Inc. has a twelve month low of $101.64 and a twelve month high of $150.54.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business earned $1.90 earnings per share. Equities analysts forecast that Jacobs Solutions Inc. will post 6.08 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions’s dividend payout ratio is presently 18.33%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Benchmark cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday. Royal Bank of Canada reduced their price target on shares of Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating for the company in a research report on Thursday. Raymond James upgraded 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 note on Friday, October 4th. StockNews.com began coverage on Jacobs Solutions in a research report on Monday, November 18th. They set a “buy” rating on the stock. Finally, Citigroup decreased their target price on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Jacobs Solutions presently has an average rating of “Moderate Buy” and an average price target of $156.50.

Insiders Place Their Bets

In related news, Director Christopher M.T. Thompson sold 1,898 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 42,069 shares in the company, valued at $6,346,108.65. This trade represents a 4.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.14, for a total transaction of $625,633.38. Following the transaction, the executive vice president now owns 24,564 shares in the company, valued at $3,688,038.96. The trade was a 14.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

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.