Flynn Zito Capital Management LLC Acquires New Shares in Jacobs Solutions Inc. (NYSE:J)

Flynn Zito Capital Management LLC acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,763 shares of the company’s stock, valued at approximately $229,000.

Several other large investors have also bought and sold shares of the stock. IFP Advisors Inc raised its position in Jacobs Solutions by 3.7% during the 3rd quarter. IFP Advisors Inc now owns 2,165 shares of the company’s stock worth $296,000 after purchasing an additional 78 shares during the last quarter. Creative Planning raised its position in Jacobs Solutions by 0.3% during the 3rd quarter. Creative Planning now owns 29,141 shares of the company’s stock worth $3,978,000 after purchasing an additional 84 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in Jacobs Solutions by 0.9% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 9,346 shares of the company’s stock worth $1,276,000 after purchasing an additional 86 shares during the last quarter. Private Trust Co. NA raised its position in Jacobs Solutions by 17.8% during the 4th quarter. Private Trust Co. NA now owns 575 shares of the company’s stock worth $75,000 after purchasing an additional 87 shares during the last quarter. Finally, Signaturefd LLC raised its position in Jacobs Solutions by 11.4% during the 3rd quarter. Signaturefd LLC now owns 887 shares of the company’s stock worth $121,000 after purchasing an additional 91 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

J has been the subject of several research analyst reports. KeyCorp began coverage on Jacobs Solutions in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Truist Financial assumed coverage on shares of Jacobs Solutions in a research report on Thursday, March 14th. They issued a “hold” rating and a $154.00 target price for the company. Argus increased their price target on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Royal Bank of Canada raised their target price 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. Finally, Bank of America raised their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $154.08.

Insider Activity at Jacobs Solutions

In related news, EVP Shelette M. Gustafson sold 1,852 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $148.00, for a total value of $274,096.00. Following the completion of the transaction, the executive vice president now owns 28,791 shares of the company’s stock, valued at approximately $4,261,068. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction dated 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 directly owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Shelette M. Gustafson sold 1,852 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $148.00, for a total transaction of $274,096.00. Following the completion of the sale, the executive vice president now directly owns 28,791 shares in the company, valued at $4,261,068. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,838 shares of company stock valued at $2,393,710. Insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of NYSE:J traded up $0.53 during midday trading on Thursday, hitting $143.50. The company had a trading volume of 244,312 shares, compared to its average volume of 660,533. The company has a fifty day moving average of $147.64 and a two-hundred day moving average of $137.51. Jacobs Solutions Inc. has a 12-month low of $109.00 and a 12-month high of $154.50. The company has a market cap of $18.03 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 1.54 and a beta of 0.73. 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 (NYSE:J) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 EPS 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 firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter last year, the firm earned $1.67 EPS. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, equities research analysts expect that Jacobs Solutions Inc. will post 8.07 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were issued a $0.29 dividend. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.81%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 20.71%.

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.