International Assets Investment Management LLC Boosts Holdings in Jacobs Solutions Inc. (NYSE:J)

International Assets Investment Management LLC lifted its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 12,990.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,614 shares of the company's stock after acquiring an additional 13,510 shares during the period. International Assets Investment Management LLC's holdings in Jacobs Solutions were worth $1,782,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of J. State Board of Administration of Florida Retirement System grew its holdings in shares of Jacobs Solutions by 8.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 139,469 shares of the company's stock worth $21,441,000 after purchasing an additional 10,542 shares during the last quarter. Russell Investments Group Ltd. increased its position in Jacobs Solutions by 305.4% in the 1st quarter. Russell Investments Group Ltd. now owns 182,135 shares of the company's stock valued at $27,910,000 after acquiring an additional 137,213 shares during the period. Sei Investments Co. lifted its holdings in shares of Jacobs Solutions by 32.1% during the second quarter. Sei Investments Co. now owns 271,760 shares of the company's stock worth $37,968,000 after purchasing an additional 66,002 shares during the period. Duality Advisers LP grew its stake in shares of Jacobs Solutions by 1,241.6% in the first quarter. Duality Advisers LP now owns 25,289 shares of the company's stock worth $3,888,000 after purchasing an additional 23,404 shares during the last quarter. Finally, UniSuper Management Pty Ltd grew its stake in shares of Jacobs Solutions by 448.6% in the first quarter. UniSuper Management Pty Ltd now owns 7,801 shares of the company's stock worth $1,199,000 after purchasing an additional 6,379 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Insider Activity

In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the firm'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 completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the firm's 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 sale, the senior vice president now owns 26,699 shares of the company's stock, valued at $3,911,670.49. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $3,688,038.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,516 shares of company stock worth $1,124,533. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on J. Truist Financial reduced their price target 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. Raymond James raised shares of Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 target price for the company in a research report on Friday, October 4th. UBS Group boosted their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a "buy" rating in a report on Wednesday, August 14th. Royal Bank of Canada increased their price target on Jacobs Solutions from $161.00 to $167.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. Finally, StockNews.com lowered Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of "Moderate Buy" and an average price target of $159.30.

Jacobs Solutions Stock Performance

J traded up $0.22 during trading hours on Monday, hitting $139.84. The stock had a trading volume of 641,889 shares, compared to its average volume of 801,557. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. The stock has a market cap of $17.38 billion, a PE ratio of 27.64, a price-to-earnings-growth ratio of 1.42 and a beta of 0.71. Jacobs Solutions Inc. has a 1 year low of $100.59 and a 1 year high of $144.56. The company's fifty day simple moving average is $143.38 and its 200 day simple moving average is $142.57.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, meeting analysts' consensus estimates of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The company had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.39 billion. During the same period in the prior year, the company posted $1.82 EPS. Jacobs Solutions's revenue was up 1.1% compared to the same quarter last year. Equities analysts anticipate that Jacobs Solutions Inc. will post 7.95 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed 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 is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.83%. Jacobs Solutions's dividend payout ratio (DPR) 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.