Vest Financial LLC increased its stake in Jacobs Solutions Inc. (NYSE:J – Free Report) by 23.6% in the third quarter, Holdings Channel reports. The firm owned 38,853 shares of the company’s stock after purchasing an additional 7,431 shares during the period. Vest Financial LLC’s holdings in Jacobs Solutions were worth $5,823,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of J. Forum Financial Management LP raised its holdings in shares of Jacobs Solutions by 2.0% in the third quarter. Forum Financial Management LP now owns 3,186 shares of the company’s stock worth $477,000 after buying an additional 63 shares during the last quarter. Harfst & Associates Inc. increased its position in shares of Jacobs Solutions by 0.5% in the 3rd quarter. Harfst & Associates Inc. now owns 12,616 shares of the company’s stock valued at $1,891,000 after acquiring an additional 64 shares during the period. Blue Trust Inc. raised its stake in Jacobs Solutions by 11.2% in the 3rd quarter. Blue Trust Inc. now owns 695 shares of the company’s stock worth $104,000 after acquiring an additional 70 shares during the last quarter. D.A. Davidson & CO. lifted its position in Jacobs Solutions by 1.6% during the 2nd quarter. D.A. Davidson & CO. now owns 4,439 shares of the company’s stock worth $584,000 after acquiring an additional 71 shares during the period. Finally, Huntington National Bank grew its stake in Jacobs Solutions by 3.8% during the 2nd quarter. Huntington National Bank now owns 2,010 shares of the company’s stock valued at $264,000 after purchasing an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.
Jacobs Solutions Stock Up 1.5%
J stock opened at $138.23 on Thursday. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $168.44. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.61. The firm has a 50-day simple moving average of $137.59 and a 200-day simple moving average of $144.61. The stock has a market capitalization of $16.32 billion, a P/E ratio of 57.12, a P/E/G ratio of 1.49 and a beta of 0.81.
Jacobs Solutions Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 2nd were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Tuesday, December 2nd. Jacobs Solutions’s payout ratio is presently 52.89%.
Insider Activity at Jacobs Solutions
In other news, CFO Venkatesh Nathamuni acquired 750 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were bought at an average price of $135.11 per share, for a total transaction of $101,332.50. Following the acquisition, the chief financial officer owned 20,785 shares of the company’s stock, valued at approximately $2,808,261.35. This trade represents a 3.74% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Peter J. Robertson bought 1,000 shares of the stock in a transaction on Monday, November 24th. The shares were acquired at an average cost of $134.76 per share, for a total transaction of $134,760.00. Following the purchase, the director owned 1,000 shares in the company, valued at $134,760. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders bought 2,513 shares of company stock valued at $335,878. 0.48% of the stock is owned by insiders.
Analyst Ratings Changes
Several brokerages have recently issued reports on J. Wells Fargo & Company reduced their price objective on Jacobs Solutions from $160.00 to $130.00 and set an “equal weight” rating for the company in a research note on Friday, November 21st. Barclays increased their price target on shares of Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Truist Financial decreased their price objective on shares of Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating for the company in a research note on Friday, November 21st. KeyCorp increased their price objective on shares of Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, Robert W. Baird cut shares of Jacobs Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $155.90.
Jacobs Solutions Company Profile
Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.
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