Aigen Investment Management LP Takes Position in Jacobs Solutions Inc. (NYSE:J)

Aigen Investment Management LP acquired a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,416 shares of the company's stock, valued at approximately $709,000.

Several other hedge funds have also recently modified their holdings of the company. Boston Partners increased its stake in shares of Jacobs Solutions by 27.9% in the first quarter. Boston Partners now owns 3,697,086 shares of the company's stock worth $567,436,000 after purchasing an additional 805,657 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Jacobs Solutions by 6.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company's stock valued at $464,736,000 after purchasing an additional 192,166 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Jacobs Solutions by 11.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company's stock worth $169,366,000 after purchasing an additional 127,605 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Jacobs Solutions by 12.0% during the 2nd quarter. American Century Companies Inc. now owns 632,868 shares of the company's stock valued at $88,418,000 after buying an additional 67,821 shares in the last quarter. Finally, Ceredex Value Advisors LLC lifted its position in Jacobs Solutions by 5.5% in the 2nd quarter. Ceredex Value Advisors LLC now owns 601,944 shares of the company's stock worth $84,098,000 after buying an additional 31,225 shares during the last quarter. Institutional investors own 85.65% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on J shares. Robert W. Baird cut their price objective on Jacobs Solutions from $163.00 to $160.00 and set an "outperform" rating on the stock in a research 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 note on Wednesday, August 14th. StockNews.com lowered shares of Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. 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 report on Wednesday, October 9th. Finally, Citigroup boosted their price objective on shares of Jacobs Solutions from $138.60 to $166.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $159.30.

Insider Activity

In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $146.51, for a total transaction of $212,586.01. Following the completion of the sale, the senior vice president now 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the company's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $146.51, for a total value 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction that occurred 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 transaction, the director now owns 42,069 shares of the company's stock, valued at approximately $6,346,108.65. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,516 shares of company stock worth $1,124,533. Insiders own 1.00% of the company's stock.

Jacobs Solutions Stock Down 5.7 %

Shares of J traded down $8.46 during mid-day trading on Thursday, hitting $140.79. The company's stock had a trading volume of 938,181 shares, compared to its average volume of 796,674. The company's 50-day moving average is $142.95 and its 200-day moving average is $142.68. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $17.49 billion, a price-to-earnings ratio of 29.50, a PEG ratio of 1.55 and a beta of 0.71. Jacobs Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $150.54.

Jacobs Solutions Announces Dividend

The company 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 annualized dividend and a yield of 0.82%. The ex-dividend date is Friday, October 25th. Jacobs Solutions's dividend payout ratio is currently 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.