Jacobs Solutions Inc. (NYSE:J) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in Jacobs Solutions Inc. (NYSE:J) by 4.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 145,574 shares of the company’s stock after acquiring an additional 5,959 shares during the period. Principal Financial Group Inc.’s holdings in Jacobs Solutions were worth $19,056,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of J. Empowered Funds LLC raised its stake in shares of Jacobs Solutions by 23.5% in the 1st quarter. Empowered Funds LLC now owns 2,925 shares of the company’s stock valued at $450,000 after acquiring an additional 557 shares during the period. Avantax Advisory Services Inc. grew its stake in shares of Jacobs Solutions by 5.4% in the first quarter. Avantax Advisory Services Inc. now owns 6,189 shares of the company’s stock valued at $951,000 after buying an additional 315 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of Jacobs Solutions by 8.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 139,469 shares of the company’s stock valued at $21,441,000 after buying an additional 10,542 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Jacobs Solutions by 21.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 147,278 shares of the company’s stock valued at $22,641,000 after buying an additional 26,342 shares during the period. Finally, Kingsview Wealth Management LLC lifted 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 acquiring an additional 721 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Ratings Changes

J has been the topic of a number of recent research reports. UBS Group boosted their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Citigroup increased their target price 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. Royal Bank of Canada boosted their price target on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. StockNews.com cut Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a research note on Friday, October 4th. Four 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 presently has an average rating of “Moderate Buy” and a consensus target price of $159.30.

Jacobs Solutions Stock Down 5.8 %

Jacobs Solutions stock opened at $140.61 on Friday. The stock has a market capitalization of $17.47 billion, a price-to-earnings ratio of 29.50, a PEG ratio of 1.55 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 stock has a 50 day moving average of $142.95 and a two-hundred day moving average of $142.68. Jacobs Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $150.54.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be given 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 0.82%. Jacobs Solutions’s payout ratio is currently 22.92%.

Insider Transactions at Jacobs Solutions

In related news, EVP Shelette M. Gustafson sold 4,167 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value 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 trade represents a 14.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $150.85, for a total transaction of $286,313.30. Following the sale, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The trade was a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.