CSM Advisors LLC lowered its stake in shares of Jacobs Solutions Inc. (NYSE:J – Free Report) by 65.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,692 shares of the company’s stock after selling 42,350 shares during the quarter. CSM Advisors LLC’s holdings in Jacobs Solutions were worth $3,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of J. Empowered Funds LLC lifted its holdings in Jacobs Solutions by 92.3% in the first quarter. Empowered Funds LLC now owns 6,720 shares of the company’s stock worth $812,000 after buying an additional 3,226 shares during the period. Woodline Partners LP grew its holdings in shares of Jacobs Solutions by 38.7% during the 1st quarter. Woodline Partners LP now owns 10,353 shares of the company’s stock worth $1,252,000 after acquiring an additional 2,891 shares during the period. Sivia Capital Partners LLC bought a new position in shares of Jacobs Solutions in the 2nd quarter worth approximately $321,000. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Jacobs Solutions by 1.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 18,281 shares of the company’s stock valued at $2,403,000 after purchasing an additional 235 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Jacobs Solutions by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,954,861 shares of the company’s stock valued at $256,966,000 after purchasing an additional 268,504 shares during the period. 85.65% of the stock is owned by institutional investors.
Jacobs Solutions Stock Performance
Jacobs Solutions stock opened at $128.94 on Tuesday. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $168.44. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $15.14 billion, a P/E ratio of 35.33, a PEG ratio of 1.32 and a beta of 0.78. The stock’s 50 day moving average is $137.56 and its 200 day moving average is $143.09.
Jacobs Solutions Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 20th will be given a $0.36 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.32. Jacobs Solutions’s payout ratio is presently 39.45%.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Zacks Research raised Jacobs Solutions from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. Truist Financial lowered their price objective on Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating for the company in a research report on Friday, November 21st. Wall Street Zen upgraded shares of Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 7th. Bank of America reduced their target price on shares of Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. Finally, Robert W. Baird lowered shares of Jacobs Solutions from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.60.
Read Our Latest Research Report on J
Insider Transactions at Jacobs Solutions
In related news, President Shannon Miller sold 1,440 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $134.13, for a total value of $193,147.20. Following the transaction, the president owned 25,344 shares in the company, valued at $3,399,390.72. The trade was a 5.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.48% of the stock is currently owned by insiders.
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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