Marks Group Wealth Management Inc Buys 7,695 Shares of Jacobs Solutions Inc. (NYSE:J)

Marks Group Wealth Management Inc increased its stake in Jacobs Solutions Inc. (NYSE:J) by 13.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,074 shares of the company’s stock after acquiring an additional 7,695 shares during the period. Marks Group Wealth Management Inc owned about 0.05% of Jacobs Solutions worth $8,387,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. EdgeRock Capital LLC bought a new stake in Jacobs Solutions in the 2nd quarter worth $26,000. Bruce G. Allen Investments LLC grew its stake in shares of Jacobs Solutions by 427.5% in the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after purchasing an additional 171 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in Jacobs Solutions during the 1st quarter valued at about $48,000. LRI Investments LLC bought a new position in Jacobs Solutions during the 1st quarter valued at approximately $48,000. Finally, GAMMA Investing LLC lifted its holdings in Jacobs Solutions by 55.8% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock worth $53,000 after buying an additional 145 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Performance

Shares of J opened at $141.68 on Wednesday. Jacobs Solutions Inc. has a 52 week low of $100.59 and a 52 week high of $144.56. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. The stock has a market cap of $17.60 billion, a P/E ratio of 28.00, a P/E/G ratio of 1.41 and a beta of 0.71. The business’s 50 day moving average price is $143.21 and its 200-day moving average price is $142.56.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, hitting analysts’ consensus estimates of $1.96. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.82 earnings per share. Equities research analysts anticipate that Jacobs Solutions Inc. will post 7.95 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.82%. The ex-dividend date is Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is 22.92%.

Insider Buying and Selling at Jacobs Solutions

In related news, 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 completion of the transaction, the executive vice president now directly owns 24,564 shares in the company, valued at $3,688,038.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.14, for a total value of $625,633.38. Following the completion of the sale, the executive vice president now directly owns 24,564 shares in the company, valued at approximately $3,688,038.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William B. Allen, Jr. sold 1,451 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the transaction, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,516 shares of company stock worth $1,124,533. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

J has been the topic of several research analyst reports. Truist Financial reduced their target price on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. StockNews.com lowered shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Robert W. Baird cut their target price on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a research report on Friday, October 4th. Finally, Royal Bank of Canada raised 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. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and a consensus target price of $159.30.

Jacobs Solutions 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.