Prudent Man Advisors LLC Has $1.05 Million Stake in Jacobs Solutions Inc. (NYSE:J)

Prudent Man Advisors LLC trimmed its stake in Jacobs Solutions Inc. (NYSE:J) by 3.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,020 shares of the company’s stock after selling 264 shares during the quarter. Prudent Man Advisors LLC’s holdings in Jacobs Solutions were worth $1,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Thrivent Financial for Lutherans raised its holdings in shares of Jacobs Solutions by 28.1% during the third quarter. Thrivent Financial for Lutherans now owns 537,015 shares of the company’s stock worth $70,296,000 after acquiring an additional 117,940 shares in the last quarter. Mutual of America Capital Management LLC increased its position in Jacobs Solutions by 7.0% in the 3rd quarter. Mutual of America Capital Management LLC now owns 40,956 shares of the company’s stock worth $5,361,000 after purchasing an additional 2,675 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of Jacobs Solutions by 0.6% during the 3rd quarter. Natixis Advisors LLC now owns 200,675 shares of the company’s stock worth $26,269,000 after purchasing an additional 1,106 shares in the last quarter. Mizuho Securities USA LLC lifted its holdings in shares of Jacobs Solutions by 978.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 104,100 shares of the company’s stock valued at $13,627,000 after buying an additional 94,448 shares during the last quarter. Finally, Coastline Trust Co grew its stake in shares of Jacobs Solutions by 3.8% in the 3rd quarter. Coastline Trust Co now owns 8,805 shares of the company’s stock valued at $1,153,000 after buying an additional 320 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Christopher M.T. Thompson sold 1,898 shares of the 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 approximately $6,346,108.65. This represents a 4.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at $3,688,038.96. The trade was a 14.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Down 0.4 %

J opened at $140.01 on Monday. The business has a 50 day moving average of $142.85 and a 200-day moving average of $142.62. The stock has a market capitalization of $17.40 billion, a price-to-earnings ratio of 27.67, a P/E/G ratio of 1.47 and a beta of 0.71. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. Jacobs Solutions Inc. has a 1-year low of $100.59 and a 1-year high of $150.54.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.92%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on J. Citigroup lifted their target price on shares of Jacobs Solutions from $138.60 to $166.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Raymond James upgraded 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 report on Friday, October 4th. Royal Bank of Canada increased their target price on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Truist Financial reduced their price target on 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, 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 report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.