Independent Advisor Alliance Boosts Stake in Jacobs Solutions Inc. (NYSE:J)

Independent Advisor Alliance lifted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 314.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,780 shares of the company’s stock after acquiring an additional 6,661 shares during the quarter. Independent Advisor Alliance’s holdings in Jacobs Solutions were worth $1,149,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Sei Investments Co. lifted its position in shares of Jacobs Solutions by 32.1% during the second quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock worth $37,968,000 after purchasing an additional 66,002 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Jacobs Solutions in the 3rd quarter worth about $709,000. Asset Management One Co. Ltd. boosted its holdings in shares of Jacobs Solutions by 6.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 76,308 shares of the company’s stock valued at $9,989,000 after buying an additional 4,858 shares during the period. MBB Public Markets I LLC acquired a new stake in Jacobs Solutions during the second quarter worth about $1,302,000. Finally, Tidal Investments LLC boosted its stake in Jacobs Solutions by 62.0% in the first quarter. Tidal Investments LLC now owns 16,647 shares of the company’s stock valued at $2,559,000 after acquiring an additional 6,371 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a report on Friday, October 4th. UBS Group upped their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Citigroup reduced their price objective on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. Royal Bank of Canada lowered their target price on Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating on the stock in a research report on Thursday, November 21st. Finally, Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $156.50.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, 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 transaction of $625,633.38. Following the sale, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at $3,688,038.96. The trade was a 14.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher M.T. Thompson sold 1,898 shares of the firm’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 sale, the director now directly owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. This trade represents a 4.32 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $140.69 on Wednesday. The firm has a 50-day moving average of $141.92 and a two-hundred day moving average of $142.32. The company has a market capitalization of $17.48 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 2.07 and a beta of 0.71. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30. Jacobs Solutions Inc. has a twelve month low of $101.64 and a twelve month high of $150.54.

Jacobs Solutions (NYSE:J) last issued its 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 business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.90 earnings per share. As a group, analysts expect that Jacobs Solutions Inc. will post 6.07 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were given a $0.29 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.82%. Jacobs Solutions’s dividend payout ratio (DPR) is 18.33%.

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.