Nisa Investment Advisors LLC Cuts Stake in Jacobs Solutions Inc. (NYSE:J)

Nisa Investment Advisors LLC cut its position in Jacobs Solutions Inc. (NYSE:J) by 1.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 35,787 shares of the company’s stock after selling 454 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Jacobs Solutions were worth $4,685,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. EdgeRock Capital LLC purchased a new position in Jacobs Solutions in the 2nd quarter worth approximately $26,000. Bruce G. Allen Investments LLC boosted its stake in Jacobs Solutions by 427.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Jacobs Solutions in the 1st quarter worth $48,000. LRI Investments LLC purchased a new position in shares of Jacobs Solutions in the first quarter worth $48,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Jacobs Solutions by 55.8% during the third quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock valued at $53,000 after purchasing an additional 145 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Citigroup lifted their price objective on Jacobs Solutions from $138.60 to $166.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Truist Financial reduced their price target on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. UBS Group increased their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report 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 for the company in a research report on Wednesday, August 7th. Finally, Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a report on Friday, October 4th. Four investment 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $159.30.

Jacobs Solutions Stock Down 0.6 %

J stock opened at $140.58 on Friday. The business’s 50-day moving average price is $143.77 and its 200-day moving average price is $142.65. The stock has a market cap of $17.47 billion, a P/E ratio of 27.14, a PEG ratio of 1.43 and a beta of 0.72. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. Jacobs Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $144.56.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, meeting the consensus estimate of $1.96. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.82 earnings per share. On average, equities research analysts forecast that Jacobs Solutions Inc. will post 7.95 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be paid 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 yield of 0.83%. Jacobs Solutions’s payout ratio is presently 22.39%.

Insider Buying and Selling at Jacobs Solutions

In related news, SVP William B. Allen, Jr. sold 1,451 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP William B. Allen, Jr. sold 1,451 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction of $212,586.01. Following the completion of the transaction, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christopher M.T. Thompson sold 1,898 shares of the business’s stock in a transaction 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 owns 42,069 shares in the company, valued at approximately $6,346,108.65. The trade was a 0.00 % decrease in their position. 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 ninety days. 1.00% of the stock is currently owned by company insiders.

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.