Wharton Business Group LLC Trims Stake in Jacobs Solutions Inc. (NYSE:J)

Wharton Business Group LLC decreased its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 25.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,295 shares of the company's stock after selling 21,710 shares during the period. Wharton Business Group LLC owned 0.05% of Jacobs Solutions worth $8,547,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Kingsview Wealth Management LLC increased its stake in Jacobs Solutions by 30.2% during the 1st quarter. Kingsview Wealth Management LLC now owns 3,110 shares of the company's stock worth $478,000 after purchasing an additional 721 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of Jacobs Solutions in the 1st quarter valued at approximately $512,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of Jacobs Solutions by 37.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,839 shares of the company's stock valued at $590,000 after buying an additional 1,036 shares during the last quarter. UniSuper Management Pty Ltd boosted its holdings in shares of Jacobs Solutions by 448.6% in the 1st quarter. UniSuper Management Pty Ltd now owns 7,801 shares of the company's stock valued at $1,199,000 after buying an additional 6,379 shares during the last quarter. Finally, Twin Capital Management Inc. acquired a new stake in Jacobs Solutions during the 1st quarter valued at $2,689,000. Institutional investors and hedge funds own 85.65% of the company's stock.

Insiders Place Their Bets

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the company's stock in a transaction dated 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 sale, the director now owns 42,069 shares in the company, valued at $6,346,108.65. This represents a 4.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Shelette M. Gustafson sold 4,167 shares of the company'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 completion of the transaction, the executive vice president now directly owns 24,564 shares of the company's stock, valued at approximately $3,688,038.96. This trade represents a 14.50 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada lifted their target price on Jacobs Solutions from $161.00 to $167.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. UBS Group lifted 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. Citigroup lifted their target price on Jacobs Solutions from $138.60 to $166.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Raymond James upgraded 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. Finally, StockNews.com cut Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $159.30.

Jacobs Solutions Trading Up 0.2 %

Shares of J traded up $0.34 during mid-day trading on Monday, hitting $140.35. 809,235 shares of the company's stock traded hands, compared to its average volume of 800,092. 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 Inc. has a 1 year low of $100.59 and a 1 year high of $150.54. The firm has a market capitalization of $17.44 billion, a P/E ratio of 27.85, a PEG ratio of 1.47 and a beta of 0.71. The business's 50-day moving average price is $142.85 and its 200-day moving average price is $142.62.

Jacobs Solutions Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.83%. Jacobs Solutions's dividend payout ratio is presently 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.