7,353 Shares in Jacobs Solutions Inc. (NYSE:J) Acquired by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,353 shares of the company’s stock, valued at approximately $954,000.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its position in Jacobs Solutions by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 13,998,808 shares of the company’s stock valued at $1,929,175,000 after buying an additional 250,587 shares during the last quarter. Select Equity Group L.P. boosted its position in Jacobs Solutions by 12.6% in the 1st quarter. Select Equity Group L.P. now owns 4,717,432 shares of the company’s stock valued at $554,345,000 after buying an additional 529,557 shares during the last quarter. Capital International Investors boosted its position in Jacobs Solutions by 8.1% in the 1st quarter. Capital International Investors now owns 4,049,450 shares of the company’s stock valued at $558,055,000 after buying an additional 304,996 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Jacobs Solutions by 0.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,446,374 shares of the company’s stock valued at $447,339,000 after purchasing an additional 14,821 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in shares of Jacobs Solutions by 10.1% in the 4th quarter. Mackenzie Financial Corp now owns 3,271,522 shares of the company’s stock valued at $392,812,000 after purchasing an additional 300,725 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the sale, the insider now owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $1,072,400.00. Following the sale, the insider now owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Patrick Hill sold 5,486 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $149.00, for a total transaction of $817,414.00. Following the sale, the executive vice president now directly owns 57,233 shares in the company, valued at approximately $8,527,717. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,838 shares of company stock valued at $2,393,710. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

J has been the topic of a number of analyst reports. Royal Bank of Canada increased their price target on Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Argus raised their price objective on Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Bank of America raised their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. KeyCorp initiated coverage on Jacobs Solutions in a research note on Wednesday, January 10th. They set a “sector weight” rating on the stock. Finally, Truist Financial initiated coverage on Jacobs Solutions in a research note on Thursday, March 14th. They set a “hold” rating and a $154.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $154.08.

Jacobs Solutions Stock Down 0.4 %

NYSE J opened at $144.04 on Tuesday. 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 Inc. has a 1-year low of $109.00 and a 1-year high of $154.50. The company has a 50 day moving average of $147.55 and a 200-day moving average of $137.41. The company has a market cap of $18.10 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 1.53 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.46. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The company had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the previous year, the business earned $1.67 earnings per share. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. On average, equities research analysts expect that Jacobs Solutions Inc. will post 8.07 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were given a dividend of $0.29 per share. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a yield of 0.81%. The ex-dividend date was Thursday, February 22nd. Jacobs Solutions’s payout ratio is currently 20.71%.

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.