Quest Partners LLC Purchases 23,659 Shares of Jacobs Solutions Inc. (NYSE:J)

Quest Partners LLC raised its position in shares of Jacobs Solutions Inc. (NYSE:J) by 1,989.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,848 shares of the company’s stock after buying an additional 23,659 shares during the quarter. Quest Partners LLC’s holdings in Jacobs Solutions were worth $3,253,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. EdgeRock Capital LLC purchased a new stake in shares of Jacobs Solutions during the 2nd quarter valued at about $26,000. Bruce G. Allen Investments LLC raised its position in Jacobs Solutions by 427.5% during the second 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 period. Capital Performance Advisors LLP bought a new stake in shares of Jacobs Solutions in the 3rd quarter valued at approximately $42,000. LRI Investments LLC purchased a new position in shares of Jacobs Solutions in the 1st quarter worth approximately $48,000. Finally, GAMMA Investing LLC increased its position in shares of Jacobs Solutions by 55.8% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock valued at $53,000 after purchasing an additional 145 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on J. UBS Group raised their price target on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Robert W. Baird dropped their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research note 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. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research note on Friday, October 4th. Finally, Truist Financial cut their target price on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $159.30.

Insider Activity at Jacobs Solutions

In other news, Director Christopher M.T. Thompson sold 1,898 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the sale, the director now directly owns 42,069 shares in the company, 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 that occurred on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total transaction of $625,633.38. Following the transaction, the executive vice president now owns 24,564 shares of the company’s stock, valued at approximately $3,688,038.96. This trade represents a 14.50 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Jacobs Solutions Stock Down 0.4 %

Shares of NYSE J opened at $140.01 on Monday. The stock has a 50 day moving average price of $142.85 and a 200 day moving average price of $142.62. The firm has a market capitalization of $17.40 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 1.47 and a beta of 0.71. Jacobs Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $150.54. 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 Announces Dividend

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 given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Friday, October 25th. Jacobs Solutions’s payout ratio is 22.92%.

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.