ING Groep NV Invests $2.19 Million in Jacobs Solutions Inc. (NYSE:J)

ING Groep NV purchased a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 16,746 shares of the company's stock, valued at approximately $2,192,000.

Other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC lifted its stake in shares of Jacobs Solutions by 23.5% in the first quarter. Empowered Funds LLC now owns 2,925 shares of the company's stock worth $450,000 after acquiring an additional 557 shares during the period. Kingsview Wealth Management LLC boosted its holdings in Jacobs Solutions by 30.2% during the 1st quarter. Kingsview Wealth Management LLC now owns 3,110 shares of the company's stock worth $478,000 after acquiring an additional 721 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in shares of Jacobs Solutions in the first quarter valued at about $512,000. Covestor Ltd boosted its holdings in Jacobs Solutions by 287.9% during the first quarter. Covestor Ltd now owns 2,203 shares of the company's stock worth $338,000 after purchasing an additional 1,635 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in Jacobs Solutions by 37.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,839 shares of the company's stock worth $590,000 after purchasing an additional 1,036 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock traded down $0.60 during trading on Friday, reaching $140.01. 1,032,468 shares of the stock traded hands, compared to its average volume of 645,087. Jacobs Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $150.54. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14. The business has a fifty day simple moving average of $142.85 and a two-hundred day simple moving average of $142.62. The company has a market capitalization of $17.40 billion, a price-to-earnings ratio of 27.67, a P/E/G ratio of 1.47 and a beta of 0.71.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders 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 payout ratio is currently 22.92%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on J. Citigroup boosted their target price on shares of Jacobs Solutions from $138.60 to $166.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. StockNews.com downgraded shares of Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Raymond James raised shares of Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 target price on the stock in a report on Friday, October 4th. Truist Financial cut 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, Robert W. Baird dropped their price objective on Jacobs Solutions from $163.00 to $160.00 and set an "outperform" rating on the stock in a report on Wednesday, August 7th. 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 stock presently has an average rating of "Moderate Buy" and a consensus price target of $159.30.

Insider Buying and Selling

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The shares were 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. The trade was a 4.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 24,564 shares of the company's stock, valued at $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. 1.00% of the stock is owned by corporate 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.