Jacobs Solutions Inc. (NYSE:J) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems cut its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 7.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,723 shares of the company’s stock after selling 713 shares during the quarter. Kentucky Retirement Systems’ holdings in Jacobs Solutions were worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EdgeRock Capital LLC purchased a new position in Jacobs Solutions during the second quarter worth about $26,000. Bruce G. Allen Investments LLC increased 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 during the last quarter. Capital Performance Advisors LLP purchased a new stake in Jacobs Solutions in the third quarter valued at approximately $42,000. LRI Investments LLC acquired a new position in Jacobs Solutions during the first quarter worth $48,000. Finally, GAMMA Investing LLC boosted its position in shares of Jacobs Solutions by 55.8% during the third quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock worth $53,000 after buying an additional 145 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on J. Citigroup boosted 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 reduced their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. 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 report on Wednesday, August 14th. Truist Financial decreased their price target on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Finally, StockNews.com assumed coverage on shares of Jacobs Solutions in a research note on Monday. They issued a “buy” rating for the company. 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, Jacobs Solutions presently has an average rating of “Moderate Buy” and an average target price of $159.30.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the transaction, the director now owns 42,069 shares in the company, valued at $6,346,108.65. This represents 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 hyperlink. Also, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions 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 sale, the executive vice president now owns 24,564 shares in the company, valued at $3,688,038.96. This trade represents a 14.50 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Performance

NYSE:J opened at $140.35 on Tuesday. Jacobs Solutions Inc. has a 12 month low of $100.59 and a 12 month high of $150.54. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $17.44 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 1.47 and a beta of 0.71. The business’s fifty day moving average price is $142.76 and its 200 day moving average price is $142.59.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.83%. Jacobs Solutions’s payout ratio is currently 22.92%.

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.