Valen Private Capital LLC acquired a new stake in Jacobs Solutions Inc. (NYSE:J – Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 13,692 shares of the company’s stock, valued at approximately $1,852,000.
A number of other large investors have also bought and sold shares of the business. Sowell Financial Services LLC increased its position in shares of Jacobs Solutions by 39.4% during the third quarter. Sowell Financial Services LLC now owns 2,401 shares of the company’s stock worth $325,000 after acquiring an additional 679 shares in the last quarter. Yousif Capital Management LLC raised its holdings in shares of Jacobs Solutions by 0.6% during the third quarter. Yousif Capital Management LLC now owns 12,724 shares of the company’s stock worth $1,721,000 after acquiring an additional 77 shares during the period. Patrick M Sweeney & Associates Inc. lifted its position in Jacobs Solutions by 3.8% in the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 3,137 shares of the company’s stock valued at $424,000 after acquiring an additional 115 shares in the last quarter. Demars Financial Group LLC lifted its position in Jacobs Solutions by 8.9% in the 3rd quarter. Demars Financial Group LLC now owns 46,849 shares of the company’s stock valued at $6,337,000 after acquiring an additional 3,842 shares in the last quarter. Finally, NBT Bank N.A. bought a new stake in Jacobs Solutions in the 3rd quarter valued at $457,000. 85.65% of the stock is owned by institutional investors.
Jacobs Solutions Price Performance
Shares of J opened at $145.10 on Friday. The stock has a market capitalization of $17.13 billion, a P/E ratio of 51.46, a P/E/G ratio of 1.82 and a beta of 0.72. Jacobs Solutions Inc. has a twelve month low of $105.68 and a twelve month high of $168.44. The company has a 50 day moving average of $143.17 and a 200-day moving average of $132.57. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10.
Jacobs Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, August 21st were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, August 21st. Jacobs Solutions’s payout ratio is presently 51.06%.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on J shares. Weiss Ratings raised shares of Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. UBS Group lifted their price target on Jacobs Solutions from $156.00 to $167.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th. Royal Bank Of Canada boosted their price target on Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, Citigroup upped their price objective on Jacobs Solutions from $181.00 to $188.00 and gave the stock a “buy” rating in a research report on Friday. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $156.78.
Check Out Our Latest Stock Analysis on J
Insider Transactions at Jacobs Solutions
In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the sale, the president directly owned 67,356 shares of the company’s stock, valued at $9,705,999.60. The trade was a 20.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.48% of the company’s stock.
About Jacobs Solutions
Jacobs Solutions Inc (NYSE:J) is a global technical, professional and consulting services provider serving government and commercial clients. The company helps organizations plan, design, deliver and operate complex infrastructure and mission-critical programs, with expertise spanning advanced manufacturing, transportation, water, environmental services, energy, life sciences, space and national security.
Through its consulting and engineering operations, Jacobs provides services such as program and project management, engineering and design, architecture, environmental planning, digital solutions and operational support.
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