Bancreek Capital Management LP Increases Position in Jacobs Solutions Inc. (NYSE:J)

Bancreek Capital Management LP grew its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 11.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,288 shares of the company's stock after purchasing an additional 5,492 shares during the quarter. Jacobs Solutions makes up about 4.6% of Bancreek Capital Management LP's investment portfolio, making the stock its 15th largest holding. 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 J. Victory Capital Management Inc. boosted its position in shares of Jacobs Solutions by 1.0% during the third quarter. Victory Capital Management Inc. now owns 212,150 shares of the company's stock worth $27,770,000 after acquiring an additional 2,031 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Jacobs Solutions in the third quarter worth about $709,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Jacobs Solutions by 0.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 347,932 shares of the company's stock worth $45,544,000 after buying an additional 3,228 shares in the last quarter. Versor Investments LP bought a new position in Jacobs Solutions during the third quarter valued at approximately $406,000. Finally, Lountzis Asset Management LLC grew 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 in the last quarter. Institutional investors own 85.65% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Truist Financial dropped their target price on Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating for the company in a report on Wednesday, October 9th. UBS Group boosted their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th. Royal Bank of Canada raised their target price 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. Robert W. Baird dropped their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an "outperform" rating for the company in a research note on Wednesday, August 7th. Finally, Raymond James raised 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 report on Friday, October 4th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Jacobs Solutions has an average rating of "Moderate Buy" and an average price target of $159.30.

Jacobs Solutions Price Performance

Jacobs Solutions stock traded up $2.55 during trading on Wednesday, reaching $149.66. The company had a trading volume of 321,980 shares, compared to its average volume of 793,576. The firm has a market capitalization of $18.60 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 1.55 and a beta of 0.71. The firm's 50-day simple moving average is $142.90 and its 200 day simple moving average is $142.64. 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 1-year low of $100.59 and a 1-year high of $150.54.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.78%. Jacobs Solutions's dividend payout ratio (DPR) is presently 22.92%.

Insider Transactions at Jacobs Solutions

In other news, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the sale, the director now directly owns 42,069 shares in the company, valued at $6,346,108.65. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Jacobs Solutions news, 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 transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP William B. Allen, Jr. sold 1,451 shares of the firm's stock in a transaction on Friday, August 16th. The stock was 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 trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,516 shares of company stock valued at $1,124,533 over the last ninety days. Insiders own 1.00% of the company's stock.

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.