Ameliora Wealth Management Ltd. Lowers Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Ameliora Wealth Management Ltd. lowered its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 26.5% during the third quarter, HoldingsChannel.com reports. The firm owned 2,224 shares of the company’s stock after selling 800 shares during the period. Ameliora Wealth Management Ltd.’s holdings in Jacobs Solutions were worth $291,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Exchange Traded Concepts LLC raised its holdings in shares of Jacobs Solutions by 219.5% during the third quarter. Exchange Traded Concepts LLC now owns 6,707 shares of the company’s stock valued at $878,000 after acquiring an additional 4,608 shares during the last quarter. LVW Advisors LLC raised its holdings in shares of Jacobs Solutions by 3.7% during the third quarter. LVW Advisors LLC now owns 4,334 shares of the company’s stock valued at $567,000 after acquiring an additional 155 shares during the last quarter. Pinnacle Bancorp Inc. raised its holdings in shares of Jacobs Solutions by 12.2% during the third quarter. Pinnacle Bancorp Inc. now owns 2,709 shares of the company’s stock valued at $355,000 after acquiring an additional 294 shares during the last quarter. Strategic Wealth Partners Ltd. acquired a new position in shares of Jacobs Solutions during the third quarter valued at approximately $232,000. Finally, Cape ANN Savings Bank raised its holdings in shares of Jacobs Solutions by 2.4% during the third quarter. Cape ANN Savings Bank now owns 7,124 shares of the company’s stock valued at $933,000 after acquiring an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on J shares. UBS Group increased their price target on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. StockNews.com started coverage on Jacobs Solutions in a report on Wednesday, October 2nd. They issued a “buy” rating for the company. Robert W. Baird lowered 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. Royal Bank of Canada increased their price objective on Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Raymond James upgraded 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. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.60.

Jacobs Solutions Stock Performance

Shares of J traded up $1.70 during midday trading on Friday, reaching $138.46. 602,276 shares of the stock were exchanged, compared to its average volume of 689,992. The business’s 50-day moving average price is $144.64 and its 200 day moving average price is $143.33. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14. Jacobs Solutions Inc. has a twelve month low of $120.71 and a twelve month high of $156.31. The company has a market capitalization of $17.20 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 1.39 and a beta of 0.72.

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

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.84%. The ex-dividend date is Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.92%.

Insider Buying and Selling

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

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.