Janney Montgomery Scott LLC Buys 1,370 Shares of Jacobs Solutions Inc. (NYSE:J)

Janney Montgomery Scott LLC boosted its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 2.1% during the third quarter, Holdings Channel.com reports. The firm owned 67,705 shares of the company’s stock after purchasing an additional 1,370 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Jacobs Solutions were worth $8,863,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in J. EdgeRock Capital LLC purchased a new stake in shares of Jacobs Solutions during the 2nd quarter valued at $26,000. Bruce G. Allen Investments LLC raised its stake in Jacobs Solutions by 427.5% in the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after buying an additional 171 shares during the last quarter. LRI Investments LLC acquired a new stake in Jacobs Solutions in the first quarter worth about $48,000. Central Pacific Bank Trust Division purchased a new stake in shares of Jacobs Solutions during the first quarter worth about $48,000. Finally, GAMMA Investing LLC increased 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 acquiring an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insider Transactions at Jacobs Solutions

In related news, Director Christopher M.T. Thompson sold 1,898 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the transaction, the director now directly owns 42,069 shares in the company, valued at approximately $6,346,108.65. This 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. In other 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 shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the director now directly owns 42,069 shares of the company’s stock, valued at $6,346,108.65. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,516 shares of company stock worth $1,124,533 in the last 90 days. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on J. Robert W. Baird decreased 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. Royal Bank of Canada raised their target price on Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. StockNews.com downgraded Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. UBS Group raised their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Finally, Truist Financial dropped their target price on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $159.30.

Jacobs Solutions Stock Performance

NYSE J opened at $144.85 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. The stock’s fifty day moving average is $143.17 and its two-hundred day moving average is $142.59. The firm has a market capitalization of $18.00 billion, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 1.41 and a beta of 0.71. Jacobs Solutions Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $148.89.

Jacobs Solutions (NYSE:J) last announced 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. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same quarter in the previous year, the company posted $1.82 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. On average, research analysts anticipate that Jacobs Solutions Inc. will post 7.95 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be paid a $0.29 dividend. The ex-dividend date is Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.80%. Jacobs Solutions’s dividend payout ratio (DPR) is 22.92%.

Jacobs Solutions Company 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.