Todd Asset Management LLC Trims Stock Position in Jacobs Solutions Inc. (NYSE:J)

Todd Asset Management LLC trimmed its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 336,143 shares of the company’s stock after selling 3,133 shares during the period. Jacobs Solutions comprises approximately 1.0% of Todd Asset Management LLC’s holdings, making the stock its 19th biggest holding. Todd Asset Management LLC owned 0.27% of Jacobs Solutions worth $43,631,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its stake in shares of Jacobs Solutions by 0.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,446,374 shares of the company’s stock valued at $447,339,000 after buying an additional 14,821 shares during the period. Ninety One UK Ltd boosted its holdings in shares of Jacobs Solutions by 5.9% during the fourth quarter. Ninety One UK Ltd now owns 2,044,031 shares of the company’s stock worth $265,315,000 after purchasing an additional 114,076 shares during the last quarter. Third Point LLC grew its position in shares of Jacobs Solutions by 32.8% in the third quarter. Third Point LLC now owns 1,800,000 shares of the company’s stock valued at $245,700,000 after purchasing an additional 445,018 shares during the period. Invesco Ltd. lifted its position in Jacobs Solutions by 0.4% during the third quarter. Invesco Ltd. now owns 1,714,552 shares of the company’s stock worth $234,036,000 after buying an additional 7,548 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Jacobs Solutions by 1.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 869,567 shares of the company’s stock worth $118,696,000 after buying an additional 10,427 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

Jacobs Solutions stock traded up $3.17 during midday trading on Friday, reaching $148.10. 668,452 shares of the stock traded hands, compared to its average volume of 449,142. The firm has a fifty day moving average price of $147.41 and a two-hundred day moving average price of $138.12. Jacobs Solutions Inc. has a fifty-two week low of $109.00 and a fifty-two week high of $154.50. The firm has a market cap of $18.61 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 1.57 and a beta of 0.74. 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 (NYSE:J) last posted its earnings results on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.56 by $0.46. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same period last year, the firm earned $1.67 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts forecast that Jacobs Solutions Inc. will post 8.07 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 24th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, May 23rd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.78%. Jacobs Solutions’s dividend payout ratio (DPR) is 20.71%.

Insider Transactions at Jacobs Solutions

In other news, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $229,800.00. Following the transaction, the chief financial officer now directly owns 233,104 shares in the company, valued at approximately $35,711,532.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other 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 transaction, the insider now directly owns 555,138 shares in the company, valued at approximately $85,047,141.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $229,800.00. Following the transaction, the chief financial officer now directly owns 233,104 shares in the company, valued at approximately $35,711,532.80. The disclosure for this sale can be found here. In the last three months, insiders sold 24,338 shares of company stock valued at $3,618,695. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on J. Bank of America increased their price objective on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. KeyCorp started coverage on Jacobs Solutions in a report on Wednesday, January 10th. They set a “sector weight” rating for the company. Argus boosted their price target on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Citigroup raised their price objective on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Finally, Royal Bank of Canada boosted their price objective on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Jacobs Solutions has a consensus rating of “Moderate Buy” and an average price target of $155.25.

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.