State of New Jersey Common Pension Fund D Sells 481 Shares of Jacobs Solutions Inc. (NYSE:J)

State of New Jersey Common Pension Fund D lessened its position in Jacobs Solutions Inc. (NYSE:J) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,336 shares of the company’s stock after selling 481 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Jacobs Solutions were worth $5,673,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System increased its stake in Jacobs Solutions by 8.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 139,469 shares of the company’s stock worth $21,441,000 after purchasing an additional 10,542 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Jacobs Solutions by 305.4% during the first quarter. Russell Investments Group Ltd. now owns 182,135 shares of the company’s stock worth $27,910,000 after acquiring an additional 137,213 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Jacobs Solutions by 32.1% during the second quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock worth $37,968,000 after acquiring an additional 66,002 shares during the period. UniSuper Management Pty Ltd lifted its position in Jacobs Solutions by 448.6% in the 1st quarter. UniSuper Management Pty Ltd now owns 7,801 shares of the company’s stock valued at $1,199,000 after acquiring an additional 6,379 shares in the last quarter. Finally, MBB Public Markets I LLC acquired a new position in Jacobs Solutions in the 2nd quarter worth $1,302,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $146.51, for a total value of $212,586.01. Following the transaction, the senior vice president now owns 26,699 shares in the company, valued at $3,911,670.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 4,167 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.14, for a total value of $625,633.38. Following the completion of the transaction, the executive vice president now owns 24,564 shares of the company’s stock, valued at $3,688,038.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP William B. Allen, Jr. sold 1,451 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the transaction, the senior vice president now owns 26,699 shares of the company’s stock, 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 have sold 7,516 shares of company stock valued at $1,124,533. 1.00% of the stock is currently owned by corporate insiders.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $146.88 on Tuesday. The business has a fifty day moving average price of $142.98 and a two-hundred day moving average price of $142.60. The stock has a market capitalization of $18.25 billion, a PE ratio of 29.03, a P/E/G ratio of 1.54 and a beta of 0.71. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14. Jacobs Solutions Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $148.89.

Jacobs Solutions Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 0.79%. The ex-dividend date is Friday, October 25th. Jacobs Solutions’s payout ratio is presently 22.92%.

Analyst Ratings Changes

J has been the subject of several recent research reports. UBS Group increased their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Citigroup raised their price objective on Jacobs Solutions from $138.60 to $166.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Robert W. Baird dropped their target price on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada raised their price target on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, StockNews.com cut Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $159.30.

About Jacobs Solutions

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.