Mizuho Securities USA LLC Grows Stock Position in Jacobs Solutions Inc. (NYSE:J)

Mizuho Securities USA LLC boosted its holdings in Jacobs Solutions Inc. (NYSE:J) by 978.5% during the third quarter, Holdings Channel.com reports. The fund owned 104,100 shares of the company’s stock after acquiring an additional 94,448 shares during the period. Mizuho Securities USA LLC’s holdings in Jacobs Solutions were worth $13,627,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in J. EdgeRock Capital LLC purchased a new stake in shares of Jacobs Solutions in the second quarter valued at $26,000. Bruce G. Allen Investments LLC lifted its holdings in Jacobs Solutions by 427.5% in 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. Capital Performance Advisors LLP purchased a new position in Jacobs Solutions in the 3rd quarter valued at about $42,000. LRI Investments LLC acquired a new stake in shares of Jacobs Solutions during the 1st quarter worth about $48,000. Finally, GAMMA Investing LLC raised its position in shares of Jacobs Solutions by 55.8% in the third quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock valued at $53,000 after buying an additional 145 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on J shares. StockNews.com lowered shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a research note on Friday, October 4th. Robert W. Baird decreased their price target on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada lifted their price target on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Truist Financial lowered their target price 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. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $159.30.

Jacobs Solutions Stock Performance

Shares of J stock opened at $140.01 on Friday. The company’s fifty day simple moving average is $142.85 and its 200-day simple moving average is $142.62. 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 Inc. has a 52 week low of $100.59 and a 52 week high of $150.54. The company has a market cap of $17.40 billion, a PE ratio of 27.67, a P/E/G ratio of 1.47 and a beta of 0.71.

Jacobs Solutions Dividend Announcement

The business 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 dividend of $0.29 per share. 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 is presently 22.92%.

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 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. This represents a 4.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of the company’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 completion of the sale, the executive vice president now owns 24,564 shares in the company, 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. 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.