Quest Partners LLC Purchases 23,659 Shares of Jacobs Solutions Inc. (NYSE:J)

Quest Partners LLC raised its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 1,989.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,848 shares of the company's stock after acquiring an additional 23,659 shares during the quarter. Quest Partners LLC's holdings in Jacobs Solutions were worth $3,253,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kingsview Wealth Management LLC boosted its position in Jacobs Solutions by 30.2% during the first quarter. Kingsview Wealth Management LLC now owns 3,110 shares of the company's stock worth $478,000 after purchasing an additional 721 shares during the period. Ontario Teachers Pension Plan Board bought a new position in Jacobs Solutions in the 1st quarter valued at about $512,000. O Shaughnessy Asset Management LLC lifted its position in Jacobs Solutions by 37.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,839 shares of the company's stock worth $590,000 after acquiring an additional 1,036 shares during the last quarter. UniSuper Management Pty Ltd grew its position 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 valued at $1,199,000 after purchasing an additional 6,379 shares during the last quarter. Finally, Twin Capital Management Inc. acquired a new position in shares of Jacobs Solutions in the first quarter valued at approximately $2,689,000. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Trading Up 0.2 %

NYSE J traded up $0.34 on Monday, hitting $140.35. The company's stock had a trading volume of 807,688 shares, compared to its average volume of 800,092. The company's 50-day moving average is $142.76 and its 200 day moving average is $142.59. The firm has a market cap of $17.44 billion, a PE ratio of 27.74, a PEG ratio of 1.47 and a beta of 0.71. Jacobs Solutions Inc. has a 1-year low of $100.59 and a 1-year high of $150.54. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be given a dividend of $0.29 per share. 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 currently 22.92%.

Insiders Place Their Bets

In related news, Director Christopher M.T. Thompson sold 1,898 shares of the firm's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the completion of the sale, the director now owns 42,069 shares of the company's stock, valued at $6,346,108.65. This trade represents a 4.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 24,564 shares of the company's stock, valued at approximately $3,688,038.96. The trade was a 14.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Raymond James raised shares of Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price target on the stock in a research report on Friday, October 4th. Citigroup lifted their price target on shares of 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 increased their price target on Jacobs Solutions from $161.00 to $167.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. Robert W. Baird dropped their target price on shares of Jacobs Solutions from $163.00 to $160.00 and set an "outperform" rating for the company in a research report on Wednesday, August 7th. Finally, StockNews.com began coverage on Jacobs Solutions in a research note on Monday. They issued a "buy" rating on the stock. Four 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, Jacobs Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $159.30.

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.