Jacobs Solutions Inc. (NYSE:J) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,238 shares of the company’s stock after buying an additional 338 shares during the period. Advisors Asset Management Inc. owned approximately 0.06% of Jacobs Solutions worth $10,372,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sei Investments Co. increased its holdings in shares of Jacobs Solutions by 32.1% in the second quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock valued at $37,968,000 after buying an additional 66,002 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of Jacobs Solutions in the third quarter valued at $709,000. UniSuper Management Pty Ltd boosted its position in shares of Jacobs Solutions by 448.6% in the first quarter. UniSuper Management Pty Ltd now owns 7,801 shares of the company’s stock worth $1,199,000 after buying an additional 6,379 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Jacobs Solutions by 6.8% during the third quarter. Asset Management One Co. Ltd. now owns 76,308 shares of the company’s stock valued at $9,989,000 after buying an additional 4,858 shares in the last quarter. Finally, MBB Public Markets I LLC acquired a new position in Jacobs Solutions during the second quarter valued at $1,302,000. 85.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on J shares. Citigroup cut their target price on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research report on Wednesday. Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a research note on Friday, October 4th. Truist Financial dropped their target price on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. StockNews.com began coverage on Jacobs Solutions in a report on Monday. They set a “buy” rating for the company. Finally, Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $157.70.

Insider Buying and Selling

In related news, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the sale, the director now directly owns 42,069 shares in the company, valued at $6,346,108.65. This trade represents a 4.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total transaction of $625,633.38. Following the transaction, the executive vice president now directly owns 24,564 shares in the company, valued at approximately $3,688,038.96. This represents a 14.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Jacobs Solutions Trading Down 0.8 %

Shares of J opened at $132.45 on Thursday. The stock’s 50-day moving average price is $142.38 and its 200 day moving average price is $142.41. 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 firm has a market capitalization of $16.46 billion, a price-to-earnings ratio of 26.18, a P/E/G ratio of 1.57 and a beta of 0.71. Jacobs Solutions Inc. has a 12-month low of $100.59 and a 12-month high of $150.54.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.71). The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $1.90 EPS. As a group, research analysts predict that Jacobs Solutions Inc. will post 7.02 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 0.88%. Jacobs Solutions’s payout ratio is 22.92%.

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.