Sheaff Brock Investment Advisors LLC Sells 500 Shares of Jacobs Solutions Inc. (NYSE:J)

Sheaff Brock Investment Advisors LLC lessened its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 7.5% during the third quarter, HoldingsChannel.com reports. The firm owned 6,210 shares of the company’s stock after selling 500 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Jacobs Solutions were worth $813,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in J. EdgeRock Capital LLC acquired a new position in shares of Jacobs Solutions during the 2nd quarter worth approximately $26,000. Bruce G. Allen Investments LLC boosted its position in shares of Jacobs Solutions by 427.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after acquiring an additional 171 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Jacobs Solutions during the 3rd quarter worth approximately $42,000. LRI Investments LLC acquired a new stake in shares of Jacobs Solutions during the 1st quarter worth approximately $48,000. Finally, GAMMA Investing LLC boosted its position in shares of Jacobs Solutions by 55.8% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock worth $53,000 after acquiring an additional 145 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

J stock opened at $140.01 on Friday. The company has a fifty day moving average price of $142.85 and a 200-day moving average price of $142.63. The company has a market capitalization of $17.40 billion, a P/E ratio of 27.67, a PEG ratio of 1.57 and a beta of 0.71. Jacobs Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $150.54. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14.

Jacobs Solutions Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Robert W. Baird reduced their price target 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. StockNews.com lowered shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Truist Financial reduced their price target on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Citigroup raised their target price 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. Finally, Royal Bank of Canada raised 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. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $159.30.

Insider Activity

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were 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 directly owns 42,069 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Shelette M. Gustafson sold 4,167 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $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. Insiders own 1.00% of the company’s stock.

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.