Jacobs Solutions Inc. (NYSE:J) Shares Purchased by Bancreek Capital Management LP

Bancreek Capital Management LP increased its holdings in Jacobs Solutions Inc. (NYSE:J) by 11.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 55,288 shares of the company’s stock after buying an additional 5,492 shares during the period. Jacobs Solutions accounts for about 4.6% of Bancreek Capital Management LP’s portfolio, making the stock its 15th biggest position. Bancreek Capital Management LP’s holdings in Jacobs Solutions were worth $7,237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System increased its holdings in Jacobs Solutions by 8.2% in 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 buying an additional 10,542 shares during the period. Russell Investments Group Ltd. boosted its position in Jacobs Solutions by 305.4% in the 1st quarter. Russell Investments Group Ltd. now owns 182,135 shares of the company’s stock worth $27,910,000 after purchasing an additional 137,213 shares in the last quarter. Sei Investments Co. boosted its position in Jacobs Solutions by 32.1% in the 2nd quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock worth $37,968,000 after purchasing an additional 66,002 shares in the last quarter. UniSuper Management Pty Ltd boosted 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 worth $1,199,000 after purchasing an additional 6,379 shares in the last quarter. Finally, MBB Public Markets I LLC purchased a new stake in Jacobs Solutions in the 2nd quarter worth approximately $1,302,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Stock Up 0.2 %

Shares of J opened at $147.11 on Wednesday. Jacobs Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $148.89. The company has a market capitalization of $18.28 billion, a PE ratio of 29.07, a price-to-earnings-growth ratio of 1.55 and a beta of 0.71. The stock has a fifty day simple moving average of $142.90 and a two-hundred day simple moving average of $142.62. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31.

Jacobs Solutions Announces Dividend

The business 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 $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.92%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Robert W. Baird lowered their price objective on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. StockNews.com lowered 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 on the stock in a research report on Friday, October 4th. Citigroup increased their target price on Jacobs Solutions from $138.60 to $166.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Truist Financial decreased their target price on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $159.30.

Insiders Place Their Bets

In related news, SVP William B. Allen, Jr. sold 1,451 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $146.51, for a total transaction of $212,586.01. Following the completion of the sale, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Shelette M. Gustafson sold 4,167 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was 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 directly owns 24,564 shares of the company’s stock, valued at approximately $3,688,038.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William B. Allen, Jr. sold 1,451 shares of the firm’s 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 sale, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at $3,911,670.49. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,516 shares of company stock valued at $1,124,533 in the last three months. 1.00% of the stock is currently owned by insiders.

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.