Signature Estate & Investment Advisors LLC Sells 8,112 Shares of Jacobs Solutions Inc. (NYSE:J)

Signature Estate & Investment Advisors LLC decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 38.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,065 shares of the company’s stock after selling 8,112 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Jacobs Solutions were worth $1,710,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in J. CIBC Asset Management Inc increased its holdings in shares of Jacobs Solutions by 8.1% during the third quarter. CIBC Asset Management Inc now owns 18,217 shares of the company’s stock worth $2,385,000 after buying an additional 1,360 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of Jacobs Solutions by 4.0% during the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock worth $293,000 after buying an additional 86 shares in the last quarter. ING Groep NV acquired a new stake in shares of Jacobs Solutions during the third quarter worth approximately $2,192,000. Metis Global Partners LLC increased its holdings in shares of Jacobs Solutions by 83.6% during the third quarter. Metis Global Partners LLC now owns 7,246 shares of the company’s stock worth $949,000 after buying an additional 3,299 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Jacobs Solutions by 4.5% during the third quarter. KBC Group NV now owns 12,836 shares of the company’s stock worth $1,680,000 after buying an additional 547 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Trading Down 0.4 %

Shares of NYSE:J opened at $140.01 on Friday. The company’s 50-day moving average price is $142.85 and its two-hundred day moving average price is $142.63. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14. Jacobs Solutions Inc. has a one year low of $100.59 and a one year high of $150.54. The stock has a market capitalization of $17.40 billion, a PE ratio of 27.67, a price-to-earnings-growth ratio of 1.57 and a beta of 0.71.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.83%. Jacobs Solutions’s dividend payout ratio is presently 22.92%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com lowered shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Citigroup raised their price target on shares of Jacobs Solutions from $138.60 to $166.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Truist Financial lowered their price target on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a report on Friday, October 4th. Finally, Robert W. Baird lowered their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $159.30.

Insider Transactions at Jacobs Solutions

In other news, Director Christopher M.T. Thompson sold 1,898 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.85, for a total transaction of $286,313.30. Following the transaction, the director now directly owns 42,069 shares in the company, valued at $6,346,108.65. The trade was a 4.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the completion of the transaction, the executive vice president now owns 24,564 shares in the company, valued at approximately $3,688,038.96. This trade represents a 14.50 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

About Jacobs Solutions

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.