Insider Selling: Jacobs Solutions Inc. (NYSE:J) Insider Sells $1,007,020.00 in Stock

Jacobs Solutions Inc. (NYSE:J) insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $143.86, for a total transaction of $1,007,020.00. Following the completion of the sale, the insider now directly owns 548,138 shares of the company’s stock, valued at approximately $78,855,132.68. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Jacobs Solutions Stock Up 2.2 %

Shares of Jacobs Solutions stock opened at $148.10 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.37. The company has a 50-day moving average of $147.41 and a 200 day moving average of $138.13. 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. Jacobs Solutions Inc. has a 1 year low of $109.00 and a 1 year high of $154.50.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.46. The company had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.02 billion. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. Jacobs Solutions’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the business earned $1.67 EPS. As a group, sell-side analysts anticipate that Jacobs Solutions Inc. will post 8.07 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

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

Analyst Ratings Changes

J has been the subject of a number of research reports. KeyCorp initiated coverage on shares of Jacobs Solutions in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company. Truist Financial initiated coverage on shares of Jacobs Solutions in a research note on Thursday, March 14th. They issued a “hold” rating and a $154.00 price objective for the company. Royal Bank of Canada upped their price objective on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Citigroup upped their price target on shares of Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Bank of America upped their price target 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. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $155.25.

Institutional Trading of Jacobs Solutions

Several institutional investors have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. grew its position in Jacobs Solutions by 7.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,021 shares of the company’s stock valued at $133,000 after purchasing an additional 75 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in shares of Jacobs Solutions by 0.9% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 9,346 shares of the company’s stock valued at $1,276,000 after acquiring an additional 86 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of Jacobs Solutions by 17.8% during the 4th quarter. Private Trust Co. NA now owns 575 shares of the company’s stock valued at $75,000 after acquiring an additional 87 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Jacobs Solutions by 11.4% during the 3rd quarter. Signaturefd LLC now owns 887 shares of the company’s stock valued at $121,000 after acquiring an additional 91 shares during the last quarter. Finally, Janney Capital Management LLC boosted its holdings in shares of Jacobs Solutions by 2.8% during the 3rd quarter. Janney Capital Management LLC now owns 3,430 shares of the company’s stock valued at $468,000 after acquiring an additional 93 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

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.