Advisors Management Group Inc. ADV Lowers Holdings in Jacobs Solutions Inc. (NYSE:J)

Advisors Management Group Inc. ADV trimmed its holdings in Jacobs Solutions Inc. (NYSE:J) by 1.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,942 shares of the company’s stock after selling 111 shares during the period. Advisors Management Group Inc. ADV’s holdings in Jacobs Solutions were worth $909,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. EdgeRock Capital LLC bought a new stake in Jacobs Solutions in the 2nd quarter worth about $26,000. Bruce G. Allen Investments LLC grew its stake in shares of Jacobs Solutions by 427.5% during 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 period. Central Pacific Bank Trust Division bought a new stake in shares of Jacobs Solutions during the 1st quarter valued at about $48,000. LRI Investments LLC bought a new stake in shares of Jacobs Solutions during the 1st quarter valued at about $48,000. Finally, GAMMA Investing LLC grew its stake 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 period. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Stock Up 4.2 %

NYSE J opened at $147.62 on Thursday. The stock’s 50 day moving average is $143.17 and its 200 day moving average is $142.59. 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 12 month low of $100.59 and a 12 month high of $148.89. The stock has a market cap of $18.34 billion, a PE ratio of 29.17, a P/E/G ratio of 1.41 and a beta of 0.71.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, hitting analysts’ consensus estimates of $1.96. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same period in the previous year, the firm earned $1.82 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. Research analysts predict that Jacobs Solutions Inc. will post 7.95 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors 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 yield of 0.79%. Jacobs Solutions’s dividend payout ratio is presently 22.92%.

Insider Buying and Selling

In other news, Director Christopher M.T. Thompson sold 1,898 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the sale, the director now directly owns 42,069 shares of the company’s stock, valued at $6,346,108.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Christopher M.T. Thompson sold 1,898 shares of the business’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 $6,346,108.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Shelette M. Gustafson sold 4,167 shares of the company’s stock in a transaction dated 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 owns 24,564 shares in the company, valued at $3,688,038.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,516 shares of company stock valued at $1,124,533. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on J. StockNews.com downgraded Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a research note on Friday, October 4th. UBS Group boosted their price target on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Robert W. Baird cut their price target on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, Truist Financial cut their price target on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $159.30.

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.