Atria Investments Inc Purchases 6,902 Shares of Jacobs Solutions Inc. (NYSE:J)

Atria Investments Inc raised its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 86.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,852 shares of the company’s stock after purchasing an additional 6,902 shares during the period. Atria Investments Inc’s holdings in Jacobs Solutions were worth $1,944,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of J. Capital Performance Advisors LLP purchased a new position in shares of Jacobs Solutions during the third quarter valued at approximately $42,000. Principal Financial Group Inc. raised its stake in Jacobs Solutions by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 145,574 shares of the company’s stock valued at $19,056,000 after buying an additional 5,959 shares during the last quarter. Montecito Bank & Trust purchased a new stake in Jacobs Solutions during the 3rd quarter valued at $215,000. Two Point Capital Management Inc. lifted its holdings in shares of Jacobs Solutions by 1.0% during the 3rd quarter. Two Point Capital Management Inc. now owns 95,151 shares of the company’s stock valued at $12,455,000 after buying an additional 941 shares during the period. Finally, Marks Group Wealth Management Inc grew its holdings in shares of Jacobs Solutions by 13.6% in the third quarter. Marks Group Wealth Management Inc now owns 64,074 shares of the company’s stock worth $8,387,000 after acquiring an additional 7,695 shares during the period. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Trading Down 5.8 %

J stock opened at $140.61 on Friday. The company has a market capitalization of $17.47 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 1.55 and a beta of 0.71. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14. Jacobs Solutions Inc. has a 1-year low of $100.59 and a 1-year high of $150.54. The business has a 50 day simple moving average of $142.95 and a two-hundred day simple moving average of $142.68.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be paid 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 yield of 0.82%. Jacobs Solutions’s payout ratio is 22.92%.

Insider Buying and Selling at Jacobs Solutions

In related news, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions 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 owns 24,564 shares in the company, valued at approximately $3,688,038.96. This trade represents a 14.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher M.T. Thompson sold 1,898 shares of the company’s stock in a transaction that occurred 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 sale, the director now 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 disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on J. Citigroup raised their target price on Jacobs Solutions from $138.60 to $166.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada boosted 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. StockNews.com downgraded shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Truist Financial cut their price objective on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Finally, UBS Group raised 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. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions presently has a consensus 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.