Kentucky Retirement Systems Insurance Trust Fund Has $485,000 Holdings in Jacobs Solutions Inc. (NYSE:J)

Kentucky Retirement Systems Insurance Trust Fund decreased its holdings in Jacobs Solutions Inc. (NYSE:J) by 8.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,707 shares of the company’s stock after selling 332 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Jacobs Solutions were worth $485,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of J. EdgeRock Capital LLC bought a new position in shares of Jacobs Solutions during the second quarter worth approximately $26,000. Bruce G. Allen Investments LLC grew 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 worth $29,000 after buying an additional 171 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Jacobs Solutions during the 3rd quarter worth $42,000. LRI Investments LLC acquired a new position in Jacobs Solutions in the 1st quarter valued at $48,000. Finally, GAMMA Investing LLC lifted 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 period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insiders Place Their Bets

In related news, Director Christopher M.T. Thompson sold 1,898 shares of the business’s 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 sale, the director now owns 42,069 shares of the company’s stock, valued at $6,346,108.65. The trade was a 4.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Shelette M. Gustafson sold 4,167 shares of the firm’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 transaction, 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 14.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Performance

NYSE J opened at $140.35 on Tuesday. The firm’s fifty day moving average price is $142.76 and its two-hundred day moving average price is $142.59. The stock has a market cap of $17.44 billion, a PE ratio of 27.74, a PEG ratio of 1.47 and a beta of 0.71. 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 Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $150.54.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be given a dividend of $0.29 per share. 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 0.83%. Jacobs Solutions’s dividend payout ratio is currently 22.92%.

Wall Street Analysts Forecast Growth

J has been the topic of a number of recent analyst reports. Citigroup raised their price target on Jacobs Solutions from $138.60 to $166.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Truist Financial decreased their target price on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Royal Bank of Canada upped their price target on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. UBS Group increased their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Finally, StockNews.com initiated coverage on shares of Jacobs Solutions in a research report on Monday. They set a “buy” rating for the company. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $159.30.

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.