() experienced a significant rise in short interest during the month of march. On March 31, there were 1,750,000 short shares, a 12.9% increase from the total of 1,550,000 on March 15. The days-tocover ratio currently stands at 2.7 days based on an average trading volume 658,100 share. At the moment, 1.4% shares are short sold.
Jacobs Solutions: Insiders' Guide to Buying and selling
In a Wednesday, 22nd February transaction, 3,500 Jacobs Solutions shares were sold. The shares were purchased at a price of $119.64 on average, resulting in a value of $418.740.00. After the transaction was completed, the director owns 34 682 shares of the company valued at $4 149 354.48. Insider Steven J. Demetriou, in related news, sold 6,666 Jacobs Solutions shares on Wednesday, 15th March. Stock was sold for $778,388.82 at a price of $116.77 on average. After the transaction was completed, the insider owns directly 614,622 of the company's shares, valued at $71,769 410.94. In a Wednesday, 22nd February transaction, 3,500 Jacobs Solutions shares were sold. The shares were sold for an average price $119.64 and a total of $418.740.00. After the transaction was completed, the director owns directly 34,682 of the company's shares, valued at $4149354.48. Insiders have sold 23,498 company shares worth $2,778,171 in the past three months. Several large investors recently bought and then sold shares in the company. Huntington National Bank increased their holdings in Jacobs Solutions during the fourth quarter by 6.1%. Huntington National Bank owns 1,503 shares of Jacobs Solutions stock, worth $180,000. This is after buying 87 additional shares during the last quarter. Vahanian & Associates Financial Planning Inc. grew its Jacobs Solutions holdings by 5.4% in the first quarter. Vahanian & Associates Financial Planning Inc. owns 1,770 of the company’s shares worth $208,000, after buying 90 additional shares during the last quarter. Toroso Investments LLC increased their holdings in Jacobs Solutions during the fourth quarter by 4.1%. Toroso Investments LLC owns 2,381 of the company stock, worth $286,000. This is after buying 93 additional shares during the last quarter. Laffer Tengler Investments increased their holdings in Jacobs Solutions during the third quarter by 1.1%. Laffer Tengler Investments owns 8,976 of the company’s shares worth $974,000, after buying an additional 94 in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd also increased its Jacobs Solutions holdings by 1.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd owns 9,967 of the company’s shares worth $1,197,000. This is after buying an additional 94 in the last quarter. Institutional investors own 85.96% the stock.
Analyst Ratings Changes
In a report published on Thursday 16th March, the company assumed coverage of Jacobs Solutions shares. The company was given a "buy" rating. Bank of America downgraded shares of Jacobs Solutions to a "neutral" rating. The company's price target was set at $137.00. In a report published on Friday, 13th January. Royal Bank of Canada raised their price target on Jacobs Solutions to $151.00 from $150.00 in a research report published on Wednesday, 8th February. The stock was also given an "outperform" rating. Credit Suisse Group lowered their price target on Jacobs Solutions in a report published on Wednesday, 8th February from $161.00 down to $155.00. Robert W. Baird upgraded Jacobs Solutions's rating from a "neutral" to an "outperform", and raised their price target for the stock to $150.00. This was revealed in a report published on Friday, Jan. 6th. Five analysts have given the company a buy rating, while one has assigned the stock a hold. According to MarketBeat data, the company has a current consensus rating of "Moderate Buy" and an average price target of $148.80.
Jacobs Solutions Trading down 0.5 %
On Wednesday, the price of shares fell by $0.54 to $115.00. The trading volume was 298,027 shares compared to the average of 634631. The company's current ratio is 1.48, its quick ratio is 1.48 and it has a debt to equity ratio of 0.55. The market cap is $14.57 billion. It has a PE of 22.95 and a PEG of 1.52. The company's 50-day average is $117.58, and its 200-day average is $119.33. Jacobs Solutions's 12 month low is $106.78, and its 12 month high is $150.32.
The company last released its quarterly results on February 7th. The company's $1.67 per share earnings for the third quarter beat analysts' expectations of $1.61 by $0.06 Jacobs Solutions reported a return of equity of 14.84 % and a margin net of 4.21%. The company's revenue was $3.80 billion, which is higher than the $3.66 billion expected by analysts. In the same quarter of the previous year, the company posted $1.56 in earnings per share. Jacobs Solutions revenue increased 12.4% year-over-year. Jacobs Solutions is expected to post an average 7.37 earnings-per-share for the current fiscal year, according to analysts.
Jacobs Solutions has announced on Wednesday 25th January that the board of directors initiated a $1.00 billion share repurchase plan. The company can repurchase as much as 6.5% of their shares via open market purchases. Shares-buyback programs can be an indication that a company's board of directors believes the shares are undervalued.
Jacobs Solutions increases Dividend
A quarterly dividend was also paid by the company on Friday, 24th March. Investors who had their records on the 24th of February received a dividend of $0.26. This dividend became payable on Thursday, February 23, 2019. On an annualized base, this dividend represents $1.04 and has a dividend yield (0.90%). Jacobs Solutions has increased its quarterly dividend from $0.23 to $0.24. Jacobs Solutions has a dividend payout ratio of 20.76%.
Jacobs Solutions Company profile
Jacobs Solutions, Inc. is a holding firm that designs and deploys technology-centric solutions. It is divided into three business segments: Critical Mission Solutions (CMS), People and Places Solutions (PPS) and PA Consulting. Critical Mission Solutions offers a broad range of sectors including U.S.
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