Jacobs Solutions Inc. (NYSE:J) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp cut its position in shares of Jacobs Solutions Inc. (NYSE:J) by 40.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,523 shares of the company’s stock after selling 1,715 shares during the quarter. King Luther Capital Management Corp’s holdings in Jacobs Solutions were worth $330,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of J. EdgeRock Capital LLC bought a new position in Jacobs Solutions during the second quarter valued at about $26,000. Bruce G. Allen Investments LLC boosted its position in shares of 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 in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after purchasing an additional 74 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Jacobs Solutions during the third quarter valued at approximately $42,000. Finally, LRI Investments LLC bought a new stake in Jacobs Solutions during the first quarter worth approximately $48,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the firm’s stock in a transaction dated 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 in the company, valued at $6,346,108.65. This trade represents a 4.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Shelette M. Gustafson sold 4,167 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.14, for a total value of $625,633.38. Following the sale, the executive vice president now owns 24,564 shares of the company’s stock, valued at approximately $3,688,038.96. This trade represents a 14.50 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on J. 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. Truist Financial reduced their target price on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. StockNews.com started coverage on Jacobs Solutions in a research note on Monday, November 18th. They issued a “buy” rating on the stock. Benchmark cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Royal Bank of Canada cut their price target on shares of Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating on the stock in a report on Thursday. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.50.

Jacobs Solutions Stock Performance

Shares of J opened at $137.36 on Friday. Jacobs Solutions Inc. has a 52 week low of $101.64 and a 52 week high of $150.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.14 and a current ratio of 1.20. The company has a market capitalization of $17.07 billion, a PE ratio of 21.70, a PEG ratio of 2.04 and a beta of 0.71. The company’s 50 day moving average price is $142.11 and its 200 day moving average price is $142.29.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $1.90 earnings per share. Research analysts expect that Jacobs Solutions Inc. will post 6.08 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.84%. Jacobs Solutions’s dividend payout ratio is 18.33%.

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.