Marks Group Wealth Management Inc Sells 1,401 Shares of Jacobs Solutions Inc. (NYSE:J)

Marks Group Wealth Management Inc decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,887 shares of the company’s stock after selling 1,401 shares during the period. Marks Group Wealth Management Inc’s holdings in Jacobs Solutions were worth $7,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of J. First Pacific Financial bought a new position in Jacobs Solutions in the 4th quarter worth $27,000. Park Place Capital Corp boosted its holdings in Jacobs Solutions by 473.9% in the 3rd quarter. Park Place Capital Corp now owns 264 shares of the company’s stock worth $36,000 after buying an additional 218 shares during the period. Tennessee Valley Asset Management Partners bought a new position in Jacobs Solutions in the 4th quarter worth $59,000. Global Wealth Strategies & Associates bought a new position in Jacobs Solutions in the 3rd quarter worth $63,000. Finally, Private Trust Co. NA boosted its holdings in Jacobs Solutions by 17.8% in the 4th quarter. Private Trust Co. NA now owns 575 shares of the company’s stock worth $75,000 after buying an additional 87 shares during the period. Institutional investors own 85.65% of the company’s stock.

Insider Transactions at Jacobs Solutions

In other news, EVP Shelette M. Gustafson sold 1,852 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $148.00, for a total transaction of $274,096.00. Following the transaction, the executive vice president now directly owns 28,791 shares in the company, valued at $4,261,068. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the completion of the sale, the insider now owns 555,138 shares in the company, valued at approximately $85,047,141.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Shelette M. Gustafson sold 1,852 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $148.00, for a total value of $274,096.00. Following the sale, the executive vice president now owns 28,791 shares of the company’s stock, valued at approximately $4,261,068. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,838 shares of company stock valued at $2,393,710. 1.00% of the stock is currently owned by company insiders.

Jacobs Solutions Stock Performance

Jacobs Solutions stock opened at $144.65 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.37. Jacobs Solutions Inc. has a 1-year low of $109.00 and a 1-year high of $154.50. The firm has a market capitalization of $18.18 billion, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 1.53 and a beta of 0.73. The company’s 50-day moving average is $147.62 and its 200 day moving average is $137.78.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $4.02 billion. During the same period in the prior year, the company posted $1.67 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Research analysts forecast that Jacobs Solutions Inc. will post 8.07 EPS for the current year.

Jacobs Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were given a dividend of $0.29 per share. The ex-dividend date was Thursday, February 22nd. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.80%. Jacobs Solutions’s dividend payout ratio (DPR) is 20.71%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Argus increased their price objective on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Royal Bank of Canada increased their price objective on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Bank of America increased their price objective on shares of Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. KeyCorp assumed coverage on shares of Jacobs Solutions in a report on Wednesday, January 10th. They set a “sector weight” rating for the company. Finally, Citigroup upped their target price on shares of Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a research report on Monday. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $155.25.

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.