Coastline Trust Co Boosts Stock Position in Jacobs Solutions Inc. (NYSE:J)

Coastline Trust Co lifted its position in shares of Jacobs Solutions Inc. (NYSE:J) by 3.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,805 shares of the company’s stock after buying an additional 320 shares during the period. Coastline Trust Co’s holdings in Jacobs Solutions were worth $1,153,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of J. EdgeRock Capital LLC bought a new stake in shares of Jacobs Solutions in the 2nd quarter worth approximately $26,000. Bruce G. Allen Investments LLC raised its position in Jacobs Solutions by 427.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after purchasing an additional 171 shares during the period. LRI Investments LLC bought a new stake in Jacobs Solutions in the first quarter worth $48,000. Capital Performance Advisors LLP purchased a new stake in Jacobs Solutions during the third quarter valued at about $42,000. Finally, GAMMA Investing LLC grew its stake in shares of Jacobs Solutions by 55.8% during the third quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock valued at $53,000 after buying an additional 145 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Down 0.4 %

Jacobs Solutions stock opened at $140.01 on Friday. Jacobs Solutions Inc. has a one year low of $100.59 and a one year high of $150.54. The stock has a fifty day moving average of $142.85 and a 200 day moving average of $142.63. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $17.40 billion, a PE ratio of 27.67, a price-to-earnings-growth ratio of 1.57 and a beta of 0.71.

Jacobs Solutions Announces Dividend

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

Insider Activity at Jacobs Solutions

In other news, EVP Shelette M. Gustafson sold 4,167 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the sale, the executive vice president now directly owns 24,564 shares in the company, valued at $3,688,038.96. This trade represents a 14.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction on Thursday, August 29th. The stock was 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 owns 42,069 shares of the company’s stock, valued at $6,346,108.65. The trade was a 4.32 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on J. StockNews.com lowered Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird decreased their target price on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. UBS Group upped their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a research report on Friday, October 4th. Finally, Truist Financial lowered 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 note on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $159.30.

Jacobs Solutions 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.