Jacobs Solutions Inc. (NYSE:J) Shares Sold by Compass Wealth Management LLC

Compass Wealth Management LLC cut its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 4.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,937 shares of the company’s stock after selling 1,274 shares during the quarter. Compass Wealth Management LLC’s holdings in Jacobs Solutions were worth $3,264,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tlwm raised its stake in Jacobs Solutions by 1.2% during the second quarter. Tlwm now owns 6,046 shares of the company’s stock worth $845,000 after purchasing an additional 74 shares during the period. Hudson Edge Investment Partners Inc. raised its stake in shares of Jacobs Solutions by 1.4% in the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock valued at $834,000 after acquiring an additional 82 shares during the period. American National Bank raised its stake in shares of Jacobs Solutions by 1.4% in the 2nd quarter. American National Bank now owns 6,488 shares of the company’s stock valued at $906,000 after acquiring an additional 88 shares during the period. Global Financial Private Client LLC raised its stake in shares of Jacobs Solutions by 2.6% in the 2nd quarter. Global Financial Private Client LLC now owns 3,944 shares of the company’s stock valued at $551,000 after acquiring an additional 100 shares during the period. Finally, Gabelli Funds LLC raised its stake in shares of Jacobs Solutions by 6.9% in the 2nd quarter. Gabelli Funds LLC now owns 1,550 shares of the company’s stock valued at $217,000 after acquiring an additional 100 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Truist Financial reduced their price target on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. StockNews.com assumed coverage on shares of Jacobs Solutions in a research note on Wednesday, October 2nd. They issued a “buy” rating on the stock. Robert W. Baird cut their target price on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a research note on Friday, October 4th. Finally, 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 note on Wednesday, August 14th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $159.60.

Jacobs Solutions Stock Performance

Jacobs Solutions stock traded up $1.71 during trading hours on Thursday, reaching $142.94. 192,356 shares of the stock were exchanged, compared to its average volume of 810,745. The stock has a market cap of $17.90 billion, a P/E ratio of 27.26, a P/E/G ratio of 1.39 and a beta of 0.72. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. Jacobs Solutions Inc. has a 52-week low of $100.76 and a 52-week high of $142.95. The firm’s 50 day moving average is $144.62 and its 200 day moving average is $143.04.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, meeting analysts’ consensus estimates of $1.96. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.39 billion. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.82 EPS. Analysts predict that Jacobs Solutions Inc. will post 7.95 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company 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 dividend of $0.29 per share. The ex-dividend date is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.81%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.

Insider Transactions at Jacobs Solutions

In other news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions 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 in the company, valued at $6,346,108.65. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Shelette M. Gustafson sold 4,167 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value of $625,633.38. Following the completion of the sale, the executive vice president now directly owns 24,564 shares in the company, valued at approximately $3,688,038.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher M.T. Thompson sold 1,898 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,516 shares of company stock worth $2,152,693 over the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

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.