KCM Investment Advisors LLC Trims Stake in Jacobs Solutions Inc. (NYSE:J)

KCM Investment Advisors LLC lessened its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 5.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 11,441 shares of the company’s stock after selling 600 shares during the quarter. KCM Investment Advisors LLC’s holdings in Jacobs Solutions were worth $1,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of J. EdgeRock Capital LLC bought a new position in shares of Jacobs Solutions during the 2nd quarter valued at about $26,000. Bruce G. Allen Investments LLC boosted its stake 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 buying an additional 171 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Jacobs Solutions during the 3rd quarter valued at approximately $42,000. LRI Investments LLC purchased a new stake in shares of Jacobs Solutions during the 1st quarter worth approximately $48,000. Finally, GAMMA Investing LLC boosted 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 acquiring an additional 145 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on J shares. Royal Bank of Canada increased their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Robert W. Baird lowered their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Citigroup boosted their price objective on Jacobs Solutions from $138.60 to $166.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. StockNews.com lowered Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Truist Financial decreased their price target on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Jacobs Solutions presently has an average rating of “Moderate Buy” and an average target price of $159.30.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Shelette M. Gustafson sold 4,167 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total value of $625,633.38. Following the sale, the executive vice president now owns 24,564 shares of the company’s stock, valued at $3,688,038.96. This trade represents a 14.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Jacobs Solutions Trading Down 0.4 %

J stock opened at $140.01 on Friday. Jacobs Solutions Inc. has a 12 month low of $100.59 and a 12 month high of $150.54. The firm’s 50-day moving average is $142.85 and its 200 day moving average is $142.63. The company has a market capitalization of $17.40 billion, a PE ratio of 27.67, a P/E/G ratio of 1.57 and a beta of 0.71. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14.

Jacobs Solutions Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Friday, October 25th. Jacobs Solutions’s dividend payout ratio is presently 22.92%.

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.