F M Investments LLC Sells 1,047 Shares of Jacobs Solutions Inc. (NYSE:J)

F M Investments LLC trimmed its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 109,989 shares of the company’s stock after selling 1,047 shares during the quarter. F M Investments LLC owned about 0.09% of Jacobs Solutions worth $14,398,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Boston Partners grew its holdings in shares of Jacobs Solutions by 27.9% during the 1st quarter. Boston Partners now owns 3,697,086 shares of the company’s stock worth $567,436,000 after purchasing an additional 805,657 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Jacobs Solutions by 5,170.1% during the second quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock worth $58,550,000 after buying an additional 411,123 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Jacobs Solutions by 6.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock valued at $464,736,000 after buying an additional 192,166 shares during the period. Russell Investments Group Ltd. raised its position in shares of 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 buying an additional 137,213 shares in the last quarter. Finally, Westwood Holdings Group Inc. lifted its holdings in shares of Jacobs Solutions by 7,306.2% during the 1st quarter. Westwood Holdings Group Inc. now owns 138,051 shares of the company’s stock worth $21,223,000 after acquiring an additional 136,187 shares during the period. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Stock Down 0.7 %

Shares of J traded down $0.96 during trading hours on Friday, reaching $139.62. The stock had a trading volume of 657,398 shares, compared to its average volume of 802,308. The firm has a 50-day simple moving average of $143.58 and a 200 day simple moving average of $142.62. Jacobs Solutions Inc. has a 12 month low of $100.59 and a 12 month high of $144.56. 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 company has a market capitalization of $17.35 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 1.43 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.39 billion. During the same period in the previous year, the firm earned $1.82 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities research analysts predict that Jacobs Solutions Inc. will post 7.95 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

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

Insiders Place Their Bets

In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the business’s stock in a transaction on 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 directly owns 26,699 shares in the company, valued at $3,911,670.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction dated 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 owns 26,699 shares in the company, valued at $3,911,670.49. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the completion of the transaction, the executive vice president now owns 24,564 shares of the company’s stock, valued at $3,688,038.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,516 shares of company stock valued at $1,124,533. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. UBS Group raised their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Robert W. Baird cut their price target on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada upped their price objective on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. StockNews.com downgraded shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Finally, Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a report on Friday, October 4th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.