Jacobs Solutions Inc. (NYSE:J) Shares Sold by Compass Wealth Management LLC

Compass Wealth Management LLC cut its stake in Jacobs Solutions Inc. (NYSE:J) by 4.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 24,937 shares of the company’s stock after selling 1,274 shares during the period. Compass Wealth Management LLC’s holdings in Jacobs Solutions were worth $3,264,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in Jacobs Solutions during the fourth quarter valued at $207,000. Wellington Management Group LLP increased its stake in Jacobs Solutions by 4.0% during the fourth quarter. Wellington Management Group LLP now owns 63,447 shares of the company’s stock valued at $8,235,000 after purchasing an additional 2,437 shares during the last quarter. Fisher Asset Management LLC bought a new stake in Jacobs Solutions during the fourth quarter valued at $209,000. PNC Financial Services Group Inc. increased its stake in Jacobs Solutions by 7.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 42,031 shares of the company’s stock valued at $5,456,000 after purchasing an additional 2,836 shares during the last quarter. Finally, HighPoint Advisor Group LLC bought a new position in shares of Jacobs Solutions during the fourth quarter worth about $312,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $146.88, for a total transaction of $1,028,160.00. Following the completion of the sale, the insider now directly owns 527,138 shares of the company’s stock, valued at approximately $77,426,029.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $146.88, for a total value of $1,028,160.00. Following the transaction, the insider now owns 527,138 shares in the company, valued at $77,426,029.44. This represents a 0.00 % decrease in their position. 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 the company’s stock in a transaction dated 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 transaction, the director now owns 42,069 shares in the company, valued at $6,346,108.65. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,516 shares of company stock valued at $2,152,693. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on J. StockNews.com began coverage on shares of Jacobs Solutions in a research report on Wednesday, October 2nd. They set a “buy” rating for the company. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a research report on Friday, October 4th. UBS Group upped their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Truist Financial lowered their price target 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, Royal Bank of Canada upped their price target on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $159.60.

Jacobs Solutions Price Performance

NYSE J traded up $1.71 on Thursday, reaching $142.94. The company’s stock had a trading volume of 192,356 shares, compared to its average volume of 810,745. 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 Inc. has a twelve month low of $100.76 and a twelve month high of $142.95. The stock has a market cap of $17.90 billion, a PE ratio of 27.26, a PEG ratio of 1.39 and a beta of 0.72. The firm’s 50 day moving average is $144.62 and its two-hundred day moving average is $143.04.

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

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 paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Friday, October 25th. Jacobs Solutions’s dividend payout ratio is presently 22.39%.

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.