Advisors Asset Management Inc. Has $10.37 Million Position in Jacobs Solutions Inc. (NYSE:J)

Advisors Asset Management Inc. boosted its position in Jacobs Solutions Inc. (NYSE:J) by 0.4% during the third quarter, Holdings Channel reports. The institutional investor owned 79,238 shares of the company’s stock after purchasing an additional 338 shares during the quarter. Advisors Asset Management Inc.’s holdings in Jacobs Solutions were worth $10,372,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. EdgeRock Capital LLC bought a new position in Jacobs Solutions in the second quarter valued at approximately $26,000. Bruce G. Allen Investments LLC boosted its holdings in shares of Jacobs Solutions by 427.5% during the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after acquiring an additional 171 shares during the period. Capital Performance Advisors LLP bought a new position in Jacobs Solutions during the 3rd quarter worth $42,000. LRI Investments LLC bought a new stake in Jacobs Solutions in the 1st quarter valued at about $48,000. Finally, GAMMA Investing LLC grew its position in shares of Jacobs Solutions by 55.8% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock worth $53,000 after purchasing an additional 145 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Trading Down 0.8 %

NYSE J opened at $132.45 on Thursday. The company has a market cap of $16.46 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 1.57 and a beta of 0.71. Jacobs Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $150.54. 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 fifty day moving average is $142.38 and its 200 day moving average is $142.41.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same period in the previous year, the business posted $1.90 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, sell-side analysts expect that Jacobs Solutions Inc. will post 7.02 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is currently 22.92%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Citigroup decreased their price target on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research report on Wednesday. Benchmark cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday. UBS Group lifted their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. 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. Finally, Truist Financial decreased their price target on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $157.70.

Insider Activity

In other 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 transaction 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 $6,346,108.65. The trade was a 4.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total value 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. This represents a 14.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.