Cwm LLC Has $22.86 Million Position in Jacobs Solutions Inc. (NYSE:J)

Cwm LLC boosted its position in shares of Jacobs Solutions Inc. (NYSE:J) by 9,149.7% in the fourth quarter, Holdings Channel reports. The firm owned 176,115 shares of the company’s stock after purchasing an additional 174,211 shares during the period. Cwm LLC’s holdings in Jacobs Solutions were worth $22,860,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. First Pacific Financial bought a new position in Jacobs Solutions in the fourth quarter valued at approximately $27,000. Clear Street Markets LLC lifted its position in shares of Jacobs Solutions by 93.8% in the first quarter. Clear Street Markets LLC now owns 250 shares of the company’s stock worth $29,000 after purchasing an additional 121 shares in the last quarter. Park Place Capital Corp lifted its position in shares of Jacobs Solutions by 473.9% in the third quarter. Park Place Capital Corp now owns 264 shares of the company’s stock worth $36,000 after purchasing an additional 218 shares in the last quarter. Quilter Plc bought a new stake in shares of Jacobs Solutions in the first quarter worth $349,536,000. Finally, Money Concepts Capital Corp bought a new stake in shares of Jacobs Solutions in the fourth quarter worth $46,000. Institutional investors own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. 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 price objective on the stock. KeyCorp started coverage on shares of Jacobs Solutions in a research report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Royal Bank of Canada boosted their target price on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Bank of America boosted their target price 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. Finally, Argus boosted their target price on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $154.08.

Insider Buying and Selling

In other 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 completion of the transaction, the insider now owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, 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 value of $229,800.00. Following the completion of the transaction, the chief financial officer now owns 233,104 shares in the company, valued at approximately $35,711,532.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Steven J. Demetriou sold 7,000 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 $1,072,400.00. Following the completion of the transaction, the insider now 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. Insiders sold 15,838 shares of company stock valued at $2,393,710 over the last quarter. 1.00% of the stock is owned by company insiders.

Jacobs Solutions Stock Performance

Shares of J stock traded up $0.33 on Friday, hitting $143.83. The company’s stock had a trading volume of 382,757 shares, compared to its average volume of 500,067. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. The stock’s 50 day moving average is $147.62 and its 200-day moving average is $137.64. Jacobs Solutions Inc. has a fifty-two week low of $109.00 and a fifty-two week high of $154.50. The company has a market capitalization of $18.07 billion, a PE ratio of 25.68, a PEG ratio of 1.52 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last released its quarterly 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 net margin of 4.20% and a return on equity of 14.57%. The business had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the prior year, the company posted $1.67 earnings per share. Jacobs Solutions’s revenue was up 10.6% compared to the same quarter last year. Equities research analysts expect that Jacobs Solutions Inc. will post 8.07 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were given a dividend of $0.29 per share. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 22nd. This represents a $1.16 annualized dividend and a yield of 0.81%. Jacobs Solutions’s dividend payout ratio is currently 20.71%.

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.