Westover Capital Advisors LLC Acquires 1,929 Shares of Jacobs Solutions Inc. (NYSE:J)

Westover Capital Advisors LLC increased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 13.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,066 shares of the company’s stock after acquiring an additional 1,929 shares during the quarter. Westover Capital Advisors LLC’s holdings in Jacobs Solutions were worth $2,085,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Benjamin Edwards Inc. bought a new stake in shares of Jacobs Solutions during the 4th quarter valued at $138,000. Fisher Asset Management LLC bought a new stake in shares of Jacobs Solutions during the 4th quarter valued at $223,000. Rogco LP raised its stake in shares of Jacobs Solutions by 189.7% during the 4th quarter. Rogco LP now owns 2,920 shares of the company’s stock valued at $379,000 after purchasing an additional 1,912 shares during the period. Y.D. More Investments Ltd raised its stake in shares of Jacobs Solutions by 13.6% during the 4th quarter. Y.D. More Investments Ltd now owns 14,229 shares of the company’s stock valued at $1,847,000 after purchasing an additional 1,702 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Jacobs Solutions by 14.5% during the 4th quarter. Victory Capital Management Inc. now owns 67,905 shares of the company’s stock valued at $8,814,000 after purchasing an additional 8,611 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

J has been the topic of a number of analyst reports. Truist Financial initiated coverage on Jacobs Solutions in a research note on Thursday, March 14th. They set a “hold” rating and a $154.00 price objective on the stock. KeyCorp initiated coverage on Jacobs Solutions in a research report on Wednesday, January 10th. They set a “sector weight” rating for the company. Citigroup boosted their target price on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Bank of America boosted their target price on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada boosted their target price on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.25.

Jacobs Solutions Price Performance

Shares of J traded up $1.24 during midday trading on Thursday, reaching $144.43. The stock had a trading volume of 210,387 shares, compared to its average volume of 629,704. The company’s 50-day moving average is $147.40 and its 200 day moving average is $138.00. Jacobs Solutions Inc. has a 12-month low of $109.00 and a 12-month high of $154.50. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $18.15 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 1.52 and a beta of 0.74.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the prior year, the business earned $1.67 EPS. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, equities analysts predict that Jacobs Solutions Inc. will post 8.07 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 24th will be paid a $0.29 dividend. 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 presently 20.71%.

Insider Activity

In other news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $1,072,400.00. Following the completion of the sale, the insider now 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 SEC, which is available at this hyperlink. In other news, EVP Patrick Hill sold 5,486 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $149.00, for a total value of $817,414.00. Following the completion of the sale, the executive vice president now owns 57,233 shares of the company’s stock, valued at approximately $8,527,717. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of the company’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 value of $1,072,400.00. Following the transaction, the insider now directly owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. 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 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.