Atria Investments Inc Buys 6,902 Shares of Jacobs Solutions Inc. (NYSE:J)

Atria Investments Inc grew its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 86.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 14,852 shares of the company's stock after acquiring an additional 6,902 shares during the quarter. Atria Investments Inc's holdings in Jacobs Solutions were worth $1,944,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. EdgeRock Capital LLC acquired a new stake in shares of Jacobs Solutions in the second quarter valued at $26,000. Bruce G. Allen Investments LLC raised its position in shares of 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 purchasing an additional 171 shares during the period. LRI Investments LLC acquired a new stake in shares of Jacobs Solutions during the first quarter worth $48,000. Capital Performance Advisors LLP acquired a new stake in shares of Jacobs Solutions during the third quarter worth $42,000. Finally, GAMMA Investing LLC raised its position in shares of Jacobs Solutions by 55.8% during the third quarter. GAMMA Investing LLC now owns 405 shares of the company's stock worth $53,000 after purchasing an additional 145 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on J. Truist Financial cut their target price on Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating on the stock in a research report on Wednesday, October 9th. Citigroup upped their price target on Jacobs Solutions from $138.60 to $166.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Royal Bank of Canada upped their price target on 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 dropped their price target 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. Finally, StockNews.com lowered Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, Jacobs Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $159.30.

Jacobs Solutions Stock Performance

NYSE:J traded down $0.46 during mid-day trading on Friday, hitting $140.15. 335,213 shares of the company's stock traded hands, compared to its average volume of 796,911. The firm has a 50 day moving average of $142.88 and a two-hundred day moving average of $142.67. Jacobs Solutions Inc. has a 12 month low of $100.59 and a 12 month high of $150.54. The firm has a market capitalization of $17.41 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 1.57 and a beta of 0.71. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.83%. The ex-dividend date is Friday, October 25th. Jacobs Solutions's dividend payout ratio is 22.92%.

Insider Activity at Jacobs Solutions

In other news, EVP Shelette M. Gustafson sold 4,167 shares of the business's stock in a transaction on Thursday, August 29th. The stock was 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 owns 24,564 shares in the company, valued at $3,688,038.96. The trade was a 14.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christopher M.T. Thompson sold 1,898 shares of the business's stock in a transaction on Thursday, August 29th. The stock was 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 approximately $6,346,108.65. The trade was a 4.32 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

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.