Jacobs Solutions Inc. (NYSE:J) Shares Sold by Blue Trust Inc.

Blue Trust Inc. lowered its stake in Jacobs Solutions Inc. (NYSE:J) by 79.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 612 shares of the company’s stock after selling 2,340 shares during the period. Blue Trust Inc.’s holdings in Jacobs Solutions were worth $86,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in J. Stratos Wealth Advisors LLC increased its stake in Jacobs Solutions by 10.0% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 8,762 shares of the company’s stock worth $1,147,000 after purchasing an additional 794 shares in the last quarter. Inspire Advisors LLC grew its stake in shares of Jacobs Solutions by 224.0% in the 3rd quarter. Inspire Advisors LLC now owns 4,805 shares of the company’s stock valued at $629,000 after purchasing an additional 3,322 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Jacobs Solutions by 1.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,850 shares of the company’s stock worth $1,682,000 after buying an additional 197 shares in the last quarter. Cornerstone Wealth Management LLC bought a new stake in Jacobs Solutions during the 3rd quarter worth about $498,000. Finally, McKinley Carter Wealth Services Inc. boosted its position in Jacobs Solutions by 1.1% in the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 54,669 shares of the company’s stock valued at $7,156,000 after buying an additional 595 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Insider Buying and Selling at Jacobs Solutions

In related news, Director Christopher M.T. Thompson sold 1,898 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the sale, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the sale, the director now directly owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Shelette M. Gustafson sold 4,167 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total transaction of $625,633.38. Following the completion of the transaction, the executive vice president now directly owns 24,564 shares in the company, valued at approximately $3,688,038.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,516 shares of company stock worth $2,152,693 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $142.83 on Wednesday. Jacobs Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $144.56. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. The firm has a fifty day simple moving average of $144.07 and a 200 day simple moving average of $142.67. The company has a market capitalization of $17.75 billion, a PE ratio of 27.57, a P/E/G ratio of 1.43 and a beta of 0.72.

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

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.81%. Jacobs Solutions’s dividend payout ratio is currently 22.39%.

Wall Street Analyst Weigh In

Several brokerages have commented on J. Royal Bank of Canada upped their target price on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Truist Financial decreased their price objective on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research report on Friday, October 4th. UBS Group lifted their price target 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. Finally, Robert W. Baird decreased their price target on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $159.30.

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.