Thrivent Financial for Lutherans Buys 117,940 Shares of Jacobs Solutions Inc. (NYSE:J)

Thrivent Financial for Lutherans lifted its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 28.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 537,015 shares of the company's stock after purchasing an additional 117,940 shares during the quarter. Thrivent Financial for Lutherans owned 0.43% of Jacobs Solutions worth $70,296,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. EdgeRock Capital LLC bought a new stake in shares of Jacobs Solutions in the 2nd quarter valued at $26,000. Bruce G. Allen Investments LLC boosted its stake in shares of Jacobs Solutions by 427.5% in 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 last quarter. LRI Investments LLC bought a new stake in shares of Jacobs Solutions in the 1st quarter valued at $48,000. Capital Performance Advisors LLP bought a new stake in shares of Jacobs Solutions in the 3rd quarter valued at $42,000. Finally, GAMMA Investing LLC boosted its stake in shares of Jacobs Solutions by 55.8% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the company's stock valued at $53,000 after purchasing an additional 145 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock traded up $0.34 on Monday, reaching $140.35. The stock had a trading volume of 807,688 shares, compared to its average volume of 800,092. Jacobs Solutions Inc. has a 1 year low of $100.59 and a 1 year high of $150.54. The company has a market cap of $17.44 billion, a P/E ratio of 27.74, a price-to-earnings-growth ratio of 1.47 and a beta of 0.71. 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 business's 50 day moving average is $142.85 and its two-hundred day moving average is $142.62.

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 paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions's dividend payout ratio is currently 22.92%.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions 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 transaction, the director now directly owns 42,069 shares of the company's stock, valued at approximately $6,346,108.65. This trade represents a 4.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 transaction of $625,633.38. Following the transaction, the executive vice president now directly owns 24,564 shares in the company, valued at $3,688,038.96. This trade 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 currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company 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 on the stock in a research report on Wednesday, August 7th. Raymond James upgraded shares of Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price objective on the stock in a report on Friday, October 4th. UBS Group upped their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. Finally, Citigroup upped their price objective on shares of Jacobs Solutions from $138.60 to $166.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and a consensus 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.