Bancreek Capital Management LP Boosts Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Bancreek Capital Management LP boosted its position in shares of Jacobs Solutions Inc. (NYSE:J) by 11.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,288 shares of the company’s stock after acquiring an additional 5,492 shares during the period. Jacobs Solutions accounts for about 4.6% of Bancreek Capital Management LP’s holdings, making the stock its 15th biggest position. Bancreek Capital Management LP’s holdings in Jacobs Solutions were worth $7,237,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. grew its stake in Jacobs Solutions by 1.0% in the 3rd quarter. Victory Capital Management Inc. now owns 212,150 shares of the company’s stock worth $27,770,000 after buying an additional 2,031 shares in the last quarter. Aigen Investment Management LP bought a new stake in Jacobs Solutions during the 3rd quarter valued at $709,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Jacobs Solutions by 0.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 347,932 shares of the company’s stock valued at $45,544,000 after buying an additional 3,228 shares during the last quarter. Versor Investments LP bought a new stake in Jacobs Solutions during the 3rd quarter valued at $406,000. Finally, Lountzis Asset Management LLC raised its holdings in Jacobs Solutions by 17.7% during the 3rd quarter. Lountzis Asset Management LLC now owns 2,671 shares of the company’s stock valued at $350,000 after buying an additional 402 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insider Activity

In related news, SVP William B. Allen, Jr. sold 1,451 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the sale, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at $3,911,670.49. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 4,167 shares of the 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 completion of the sale, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at approximately $3,688,038.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP William B. Allen, Jr. sold 1,451 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction of $212,586.01. Following the sale, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,516 shares of company stock valued at $1,124,533. 1.00% of the stock is currently owned by company insiders.

Jacobs Solutions Trading Up 0.2 %

J stock opened at $147.11 on Wednesday. The stock has a market capitalization of $18.28 billion, a price-to-earnings ratio of 29.07, a price-to-earnings-growth ratio of 1.55 and a beta of 0.71. Jacobs Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $148.89. 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 firm’s fifty day simple moving average is $142.90 and its two-hundred day simple moving average is $142.62.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Friday, October 25th. Jacobs Solutions’s dividend payout ratio is currently 22.92%.

Wall Street Analyst Weigh In

Several research analysts have commented on J shares. StockNews.com lowered shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Royal Bank of Canada upped their target price on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Robert W. Baird lowered their target price on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a research note on Friday, October 4th. Finally, Truist Financial lowered their price objective on shares of 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 investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.