1,769 Shares in Jacobs Solutions Inc. (NYSE:J) Bought by Chris Bulman Inc

Chris Bulman Inc acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,769 shares of the company’s stock, valued at approximately $247,000.

Other institutional investors have also added to or reduced their stakes in the company. Tlwm boosted its stake in Jacobs Solutions by 1.2% during the second quarter. Tlwm now owns 6,046 shares of the company’s stock worth $845,000 after acquiring an additional 74 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Jacobs Solutions by 7.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,021 shares of the company’s stock worth $133,000 after purchasing an additional 75 shares in the last quarter. American National Bank grew its stake in shares of Jacobs Solutions by 1.4% in the 2nd quarter. American National Bank now owns 6,488 shares of the company’s stock worth $906,000 after buying an additional 88 shares during the last quarter. Global Financial Private Client LLC increased its position in Jacobs Solutions by 2.6% during the 2nd quarter. Global Financial Private Client LLC now owns 3,944 shares of the company’s stock valued at $551,000 after buying an additional 100 shares in the last quarter. Finally, Advisors Management Group Inc. ADV increased its position in Jacobs Solutions by 1.5% during the 2nd quarter. Advisors Management Group Inc. ADV now owns 7,053 shares of the company’s stock valued at $985,000 after buying an additional 101 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction that occurred on Thursday, August 29th. The stock was 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 in the company, valued at approximately $6,346,108.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Christopher M.T. Thompson sold 1,898 shares of the 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 sale, the director now directly owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Shelette M. Gustafson sold 4,167 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value of $625,633.38. Following the transaction, the executive vice president now owns 24,564 shares of the company’s stock, valued at approximately $3,688,038.96. The disclosure for this sale can be found here. Insiders sold 21,516 shares of company stock valued at $3,132,273 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

J has been the subject of a number of analyst reports. Truist Financial restated a “hold” rating and set a $158.00 price objective (up from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. Royal Bank of Canada boosted their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. StockNews.com cut Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 15th. UBS Group lifted their target price on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Finally, Robert W. Baird decreased their price target on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $160.40.

Jacobs Solutions Stock Down 1.4 %

Shares of J opened at $141.91 on Friday. The business’s 50 day moving average is $144.89 and its 200 day moving average is $144.22. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. Jacobs Solutions Inc. has a 12-month low of $120.71 and a 12-month high of $154.50. The company has a market capitalization of $17.77 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 1.73 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 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.39 billion. During the same period in the previous year, the firm posted $1.82 EPS. Jacobs Solutions’s revenue for the quarter was up 1.1% compared to the same quarter last year. Research analysts expect that Jacobs Solutions Inc. will post 7.97 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, July 26th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $1.16 annualized dividend and a yield of 0.82%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 22.39%.

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.