WBI Investments LLC Acquires Shares of 6,559 Jacobs Solutions Inc. $J

WBI Investments LLC bought a new position in shares of Jacobs Solutions Inc. (NYSE:J) in the second quarter, Holdings Channel.com reports. The firm bought 6,559 shares of the company’s stock, valued at approximately $862,000.

Several other large investors have also recently modified their holdings of the business. Ninety One UK Ltd lifted its stake in shares of Jacobs Solutions by 17.1% during the 2nd quarter. Ninety One UK Ltd now owns 2,549,219 shares of the company’s stock valued at $335,095,000 after buying an additional 372,275 shares in the last quarter. Nuveen LLC purchased a new position in Jacobs Solutions in the 1st quarter valued at approximately $43,251,000. Massachusetts Financial Services Co. MA raised its holdings in Jacobs Solutions by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,954,861 shares of the company’s stock valued at $256,966,000 after acquiring an additional 268,504 shares during the period. Jefferies Financial Group Inc. purchased a new stake in shares of Jacobs Solutions during the first quarter worth $17,570,000. Finally, Alliancebernstein L.P. lifted its position in shares of Jacobs Solutions by 73.6% during the first quarter. Alliancebernstein L.P. now owns 265,705 shares of the company’s stock worth $32,121,000 after acquiring an additional 112,642 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

J has been the subject of several recent research reports. UBS Group lifted their price target on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Truist Financial upped their price target on Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a research report on Wednesday, October 8th. Wells Fargo & Company began coverage on shares of Jacobs Solutions in a report on Friday, November 14th. They issued an “equal weight” rating and a $160.00 price target on the stock. Finally, KeyCorp raised their price objective on shares of Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $161.78.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $150.70 on Wednesday. The stock has a market cap of $18.01 billion, a price-to-earnings ratio of 37.58, a PEG ratio of 1.87 and a beta of 0.83. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The business has a 50-day simple moving average of $153.56 and a 200 day simple moving average of $141.82. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $168.44.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Tuesday, December 2nd will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, December 2nd. Jacobs Solutions’s dividend payout ratio is 31.92%.

About Jacobs Solutions

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.