Signature Estate & Investment Advisors LLC Sells 8,112 Shares of Jacobs Solutions Inc. (NYSE:J)

Signature Estate & Investment Advisors LLC lowered its holdings in Jacobs Solutions Inc. (NYSE:J) by 38.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,065 shares of the company’s stock after selling 8,112 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Jacobs Solutions were worth $1,710,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC lifted its holdings in shares of Jacobs Solutions by 23.5% during the 1st quarter. Empowered Funds LLC now owns 2,925 shares of the company’s stock worth $450,000 after acquiring an additional 557 shares during the period. Avantax Advisory Services Inc. increased its position in shares of Jacobs Solutions by 5.4% during the first quarter. Avantax Advisory Services Inc. now owns 6,189 shares of the company’s stock worth $951,000 after buying an additional 315 shares during the period. Kingsview Wealth Management LLC increased its position in shares of Jacobs Solutions by 30.2% during the first quarter. Kingsview Wealth Management LLC now owns 3,110 shares of the company’s stock worth $478,000 after buying an additional 721 shares during the period. Ontario Teachers Pension Plan Board acquired a new stake in shares of Jacobs Solutions during the first quarter worth $512,000. Finally, Covestor Ltd increased its position in shares of Jacobs Solutions by 287.9% during the first quarter. Covestor Ltd now owns 2,203 shares of the company’s stock worth $338,000 after buying an additional 1,635 shares during the period. Institutional investors own 85.65% of the company’s stock.

Insider Activity at Jacobs Solutions

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

Jacobs Solutions Stock Down 0.4 %

Jacobs Solutions stock opened at $140.01 on Friday. Jacobs Solutions Inc. has a 1-year low of $100.59 and a 1-year high of $150.54. The firm has a market capitalization of $17.40 billion, a price-to-earnings ratio of 27.67, a price-to-earnings-growth ratio of 1.57 and a beta of 0.71. The firm’s fifty day moving average price is $142.85 and its two-hundred day moving average price is $142.63. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is 22.92%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on J. Robert W. Baird decreased their price objective on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Raymond James upgraded 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. Royal Bank of Canada raised their price target on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Truist Financial reduced their price target on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Finally, Citigroup raised their price target on shares of Jacobs Solutions from $138.60 to $166.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $159.30.

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.