Jacobs Solutions Inc. (NYSE:J) Stake Trimmed by Cetera Investment Advisers

Cetera Investment Advisers lessened its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 19.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,319 shares of the company’s stock after selling 3,638 shares during the period. Cetera Investment Advisers’ holdings in Jacobs Solutions were worth $2,140,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in J. Old North State Trust LLC lifted its position in shares of Jacobs Solutions by 8.4% in the 2nd quarter. Old North State Trust LLC now owns 2,711 shares of the company’s stock valued at $379,000 after acquiring an additional 211 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings in shares of Jacobs Solutions by 43.2% in the second quarter. EP Wealth Advisors LLC now owns 2,075 shares of the company’s stock valued at $290,000 after purchasing an additional 626 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Jacobs Solutions by 218.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 18,043 shares of the company’s stock worth $2,521,000 after buying an additional 12,381 shares during the period. Creative Planning boosted its position in shares of Jacobs Solutions by 2.1% in the second quarter. Creative Planning now owns 31,752 shares of the company’s stock worth $4,436,000 after buying an additional 643 shares during the period. Finally, Security National Bank of SO Dak grew its holdings in shares of Jacobs Solutions by 1.5% during the second quarter. Security National Bank of SO Dak now owns 23,574 shares of the company’s stock valued at $3,294,000 after buying an additional 355 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the firm’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 completion of the sale, the senior vice president now owns 26,699 shares in the company, valued at approximately $3,911,670.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP William B. Allen, Jr. sold 1,451 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now owns 26,699 shares in the company, valued at approximately $3,911,670.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.85, for a total transaction of $286,313.30. Following the sale, the director now owns 42,069 shares in the company, valued at approximately $6,346,108.65. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,516 shares of company stock worth $2,152,693. 1.00% of the stock is currently owned by company insiders.

Jacobs Solutions Stock Up 1.2 %

J opened at $138.46 on Monday. Jacobs Solutions Inc. has a twelve month low of $120.71 and a twelve month high of $156.31. 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 business has a 50 day moving average price of $144.64 and a 200 day moving average price of $143.27. The firm has a market cap of $17.34 billion, a P/E ratio of 26.73, a price-to-earnings-growth ratio of 1.39 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.96. The business had revenue of $4.23 billion during 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%. Jacobs Solutions’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.82 EPS. Research analysts forecast that Jacobs Solutions Inc. will post 7.95 EPS for the current year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 0.84%. Jacobs Solutions’s dividend payout ratio is 22.39%.

Wall Street Analyst Weigh In

J has been the subject of a number of research reports. Robert W. Baird decreased their price objective on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Truist Financial lowered their price objective on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Royal Bank of Canada lifted their target price on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. StockNews.com initiated coverage on shares of Jacobs Solutions in a research note on Wednesday, October 2nd. They issued a “buy” rating on the stock. Finally, UBS Group lifted their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $159.60.

About Jacobs Solutions

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.