Wiser Advisor Group LLC Sells 677 Shares of Jacobs Solutions Inc. (NYSE:J)

Wiser Advisor Group LLC decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 30.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,527 shares of the company’s stock after selling 677 shares during the period. Wiser Advisor Group LLC’s holdings in Jacobs Solutions were worth $200,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new position in Jacobs Solutions in the second quarter valued at about $26,000. Bruce G. Allen Investments LLC raised its position in shares of Jacobs Solutions by 427.5% during the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after acquiring an additional 171 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after acquiring an additional 74 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Jacobs Solutions in the third quarter worth about $42,000. Finally, LRI Investments LLC acquired a new stake in Jacobs Solutions in the first quarter worth about $48,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citigroup dropped their target price on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. 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. Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Royal Bank of Canada cut their target price on shares of Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Robert W. Baird raised their price target on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $156.50.

Insiders Place Their Bets

In related news, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction that occurred 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 owns 24,564 shares in the company, valued at approximately $3,688,038.96. This trade represents a 14.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 completion of the transaction, the director now directly owns 42,069 shares in the company, valued at $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. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Performance

NYSE:J traded up $2.91 on Monday, hitting $140.27. The company’s stock had a trading volume of 58,569 shares, compared to its average volume of 803,894. Jacobs Solutions Inc. has a one year low of $101.64 and a one year high of $150.54. The firm has a market capitalization of $17.43 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 2.07 and a beta of 0.71. The stock has a fifty day moving average of $142.11 and a two-hundred day moving average of $142.32. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.71). The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. Jacobs Solutions’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.90 earnings per share. Research analysts predict that Jacobs Solutions Inc. will post 6.07 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were paid a $0.29 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.83%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 18.33%.

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.