Occidental Asset Management LLC Grows Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Occidental Asset Management LLC raised its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 7.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,426 shares of the company’s stock after purchasing an additional 1,618 shares during the quarter. Occidental Asset Management LLC’s holdings in Jacobs Solutions were worth $2,936,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Creative Planning lifted its holdings in shares of Jacobs Solutions by 1.0% in the 3rd quarter. Creative Planning now owns 32,079 shares of the company’s stock valued at $4,199,000 after acquiring an additional 327 shares during the last quarter. CX Institutional raised its position in Jacobs Solutions by 8.5% during the third quarter. CX Institutional now owns 8,015 shares of the company’s stock valued at $1,049,000 after purchasing an additional 629 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of Jacobs Solutions by 219.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,707 shares of the company’s stock valued at $878,000 after purchasing an additional 4,608 shares during the last quarter. LVW Advisors LLC boosted its holdings in shares of Jacobs Solutions by 3.7% in the 3rd quarter. LVW Advisors LLC now owns 4,334 shares of the company’s stock worth $567,000 after purchasing an additional 155 shares during the period. Finally, Pinnacle Bancorp Inc. increased its position in shares of Jacobs Solutions by 12.2% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 2,709 shares of the company’s stock valued at $355,000 after purchasing an additional 294 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

J has been the subject of a number of analyst reports. Royal Bank of Canada raised their price target on Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Truist Financial dropped their price target on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a research report on Friday, October 4th. Robert W. Baird dropped their target price 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. Finally, UBS Group increased their price target on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $159.60.

Jacobs Solutions Stock Up 0.7 %

Shares of NYSE:J opened at $139.46 on Tuesday. 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 business’s 50 day moving average is $144.63 and its 200 day moving average is $143.16. The stock has a market cap of $17.46 billion, a P/E ratio of 26.92, a price-to-earnings-growth ratio of 1.39 and a beta of 0.72. Jacobs Solutions Inc. has a 52-week low of $120.71 and a 52-week high of $156.31.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, meeting the consensus estimate 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 return on equity of 14.76% and a net margin of 3.72%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.82 earnings per share. Sell-side analysts predict that Jacobs Solutions Inc. will post 7.95 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be issued a $0.29 dividend. The ex-dividend date is Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.83%. Jacobs Solutions’s dividend payout ratio is currently 22.39%.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction 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 sale, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the business’s 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP William B. Allen, Jr. sold 1,451 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction of $212,586.01. Following the completion of the sale, the senior vice president now owns 26,699 shares in the company, valued at $3,911,670.49. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,516 shares of company stock valued at $2,152,693. Company insiders own 1.00% of the company’s stock.

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.