State of Alaska Department of Revenue Cuts Stock Position in Jacobs Solutions Inc. (NYSE:J)

State of Alaska Department of Revenue trimmed its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 25.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 21,257 shares of the company's stock after selling 7,130 shares during the period. State of Alaska Department of Revenue's holdings in Jacobs Solutions were worth $2,782,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in J. EdgeRock Capital LLC purchased a new stake in Jacobs Solutions during the 2nd quarter valued at $26,000. Bruce G. Allen Investments LLC grew its stake in shares of Jacobs Solutions by 427.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company's stock valued at $29,000 after purchasing an additional 171 shares during the period. LRI Investments LLC purchased a new stake in shares of Jacobs Solutions during the 1st quarter valued at about $48,000. Central Pacific Bank Trust Division bought a new position in shares of Jacobs Solutions in the 1st quarter worth approximately $48,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Jacobs Solutions by 55.8% in the third quarter. GAMMA Investing LLC now owns 405 shares of the company's stock worth $53,000 after buying an additional 145 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Insider Buying and Selling at Jacobs Solutions

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 value of $212,586.01. Following the transaction, the senior vice president now owns 26,699 shares in the company, valued at $3,911,670.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions 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 transaction, the senior vice president now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Shelette M. Gustafson sold 4,167 shares of the company'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 in the company, valued at approximately $3,688,038.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,516 shares of company stock valued at $1,124,533. 1.00% of the stock is currently owned by corporate insiders.

Jacobs Solutions Trading Down 0.7 %

Shares of J stock traded down $0.95 during trading hours on Friday, reaching $139.63. 657,388 shares of the stock were exchanged, compared to its average volume of 802,308. The firm has a market capitalization of $17.35 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 1.43 and a beta of 0.72. Jacobs Solutions Inc. has a 12-month low of $100.59 and a 12-month high of $144.56. The company's 50-day moving average price is $143.77 and its 200-day moving average price is $142.65. 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 (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, meeting the consensus estimate of $1.96. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. Jacobs Solutions's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.82 EPS. As a group, equities analysts anticipate that Jacobs Solutions Inc. will post 7.95 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be issued 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

A number of brokerages recently commented on J. UBS Group raised their target price on Jacobs Solutions from $161.00 to $165.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. Raymond James upgraded Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price objective for the company in a research note on Friday, October 4th. Royal Bank of Canada increased 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 lowered their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an "outperform" rating on the stock in a report on Wednesday, August 7th. Finally, Truist Financial reduced their price objective on shares of Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating for the company in a research note on Wednesday, October 9th. Four research 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, the company currently has an average rating of "Moderate Buy" and an average target price of $159.30.

Jacobs Solutions 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.