Empirical Finance LLC Has $570,000 Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Empirical Finance LLC increased its position in shares of Jacobs Solutions Inc. (NYSE:J) by 1.9% during the third quarter, Holdings Channel reports. The institutional investor owned 4,358 shares of the company’s stock after purchasing an additional 82 shares during the period. Empirical Finance LLC’s holdings in Jacobs Solutions were worth $570,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in J. Boston Partners increased its holdings in shares of Jacobs Solutions by 27.9% during the first quarter. Boston Partners now owns 3,697,086 shares of the company’s stock valued at $567,436,000 after acquiring an additional 805,657 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Jacobs Solutions by 5,170.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock valued at $58,550,000 after purchasing an additional 411,123 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Jacobs Solutions by 6.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock worth $464,736,000 after buying an additional 192,166 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in shares of Jacobs Solutions by 7,306.2% in the first quarter. Westwood Holdings Group Inc. now owns 138,051 shares of the company’s stock valued at $21,223,000 after buying an additional 136,187 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Jacobs Solutions by 11.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock valued at $169,366,000 after buying an additional 127,605 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Insider Buying and Selling at Jacobs Solutions

In related news, Director Christopher M.T. Thompson sold 1,898 shares of the firm’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 value of $286,313.30. Following the completion of the transaction, the director now directly owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. This trade represents a 4.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Shelette M. Gustafson sold 4,167 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the sale, the executive vice president now directly owns 24,564 shares in the company, valued at $3,688,038.96. The trade was 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 Down 0.4 %

Jacobs Solutions stock opened at $140.01 on Monday. 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 company has a market capitalization of $17.40 billion, a P/E ratio of 27.67, a P/E/G ratio of 1.47 and a beta of 0.71. The firm has a 50 day moving average price of $142.85 and a 200-day moving average price of $142.62. Jacobs Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $150.54.

Jacobs Solutions Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions’s dividend payout ratio is currently 22.92%.

Wall Street Analyst Weigh In

J has been the topic of a number of analyst reports. Truist Financial lowered their target price on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Raymond James raised 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. Royal Bank of Canada increased their price target on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. StockNews.com downgraded shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Citigroup upped their target price on shares of Jacobs Solutions from $138.60 to $166.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $159.30.

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.