Signature Estate & Investment Advisors LLC Sells 8,112 Shares of Jacobs Solutions Inc. (NYSE:J)

Signature Estate & Investment Advisors LLC lessened its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 38.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,065 shares of the company's stock after selling 8,112 shares during the period. Signature Estate & Investment Advisors LLC's holdings in Jacobs Solutions were worth $1,710,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc boosted its position in Jacobs Solutions by 8.1% during the 3rd quarter. CIBC Asset Management Inc now owns 18,217 shares of the company's stock worth $2,385,000 after acquiring an additional 1,360 shares during the period. OneDigital Investment Advisors LLC increased its stake in Jacobs Solutions by 4.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company's stock valued at $293,000 after buying an additional 86 shares during the period. ING Groep NV bought a new stake in shares of Jacobs Solutions during the 3rd quarter worth about $2,192,000. Metis Global Partners LLC lifted its stake in shares of Jacobs Solutions by 83.6% in the 3rd quarter. Metis Global Partners LLC now owns 7,246 shares of the company's stock worth $949,000 after acquiring an additional 3,299 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Jacobs Solutions by 4.5% in the third quarter. KBC Group NV now owns 12,836 shares of the company's stock valued at $1,680,000 after acquiring an additional 547 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Stock Down 0.4 %

NYSE J traded down $0.60 during trading on Friday, reaching $140.01. The company's stock had a trading volume of 1,032,468 shares, compared to its average volume of 800,049. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $17.40 billion, a PE ratio of 27.67, a PEG ratio of 1.57 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 business has a 50-day moving average price of $142.85 and a 200-day moving average price of $142.63.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Friday, October 25th. Jacobs Solutions's dividend payout ratio is 22.92%.

Insider Activity at Jacobs Solutions

In related news, EVP Shelette M. Gustafson sold 4,167 shares of the 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 completion of the sale, the executive vice president now owns 24,564 shares in the company, valued at $3,688,038.96. This represents a 14.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the transaction, the director now directly owns 42,069 shares in the company, valued at approximately $6,346,108.65. This represents a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

J has been the subject of several research analyst reports. StockNews.com lowered Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Robert W. Baird lowered their price objective on shares of Jacobs Solutions from $163.00 to $160.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 7th. Truist Financial dropped their target price on shares of Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating on the stock in a report on Wednesday, October 9th. Raymond James upgraded 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 report on Friday, October 4th. Finally, UBS Group increased their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus 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.