Capital Performance Advisors LLP Purchases Shares of 323 Jacobs Solutions Inc. (NYSE:J)

Capital Performance Advisors LLP purchased a new stake in Jacobs Solutions Inc. (NYSE:J) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 323 shares of the company’s stock, valued at approximately $42,000.

A number of other hedge funds also recently made changes to their positions in the stock. Principal Financial Group Inc. raised its stake in Jacobs Solutions by 4.3% during the third quarter. Principal Financial Group Inc. now owns 145,574 shares of the company’s stock worth $19,056,000 after buying an additional 5,959 shares during the last quarter. Montecito Bank & Trust bought a new stake in Jacobs Solutions during the third quarter valued at $215,000. Two Point Capital Management Inc. grew its holdings in Jacobs Solutions by 1.0% during the 3rd quarter. Two Point Capital Management Inc. now owns 95,151 shares of the company’s stock worth $12,455,000 after acquiring an additional 941 shares during the period. Marks Group Wealth Management Inc raised its position in shares of Jacobs Solutions by 13.6% in the 3rd quarter. Marks Group Wealth Management Inc now owns 64,074 shares of the company’s stock worth $8,387,000 after acquiring an additional 7,695 shares in the last quarter. Finally, HMS Capital Management LLC lifted its stake in shares of Jacobs Solutions by 12.4% in the 3rd quarter. HMS Capital Management LLC now owns 5,772 shares of the company’s stock valued at $756,000 after purchasing an additional 636 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Insider Activity at Jacobs Solutions

In related news, SVP William B. Allen, Jr. sold 1,451 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the sale, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the completion of the sale, the director now directly owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction on Friday, August 16th. The stock was sold at an average price of $146.51, for a total value of $212,586.01. Following the sale, the senior vice president now owns 26,699 shares in the company, valued at $3,911,670.49. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,516 shares of company stock valued at $1,124,533 over the last 90 days. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on J shares. Truist Financial lowered their target price on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. UBS Group lifted their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Robert W. Baird cut their target price on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. StockNews.com downgraded shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a research report on Friday, October 4th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $159.30.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $146.43 on Monday. The stock has a market cap of $18.19 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 1.54 and a beta of 0.71. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. Jacobs Solutions Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $148.89. The firm’s 50-day simple moving average is $142.98 and its 200 day simple moving average is $142.61.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.79%. Jacobs Solutions’s dividend payout ratio is presently 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.