Argus Investors Counsel Inc. Buys 117 Shares of Jacobs Solutions Inc. (NYSE:J)

Argus Investors Counsel Inc. raised its stake in Jacobs Solutions Inc. (NYSE:J) by 2.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 4,267 shares of the company’s stock after purchasing an additional 117 shares during the quarter. Argus Investors Counsel Inc.’s holdings in Jacobs Solutions were worth $559,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in J. EdgeRock Capital LLC bought a new position in shares of Jacobs Solutions during the 2nd quarter valued at $26,000. Bruce G. Allen Investments LLC grew its holdings in shares of Jacobs Solutions by 427.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in Jacobs Solutions during the 1st quarter valued at $48,000. LRI Investments LLC purchased a new position in Jacobs Solutions during the 1st quarter valued at about $48,000. Finally, GAMMA Investing LLC lifted its position in Jacobs Solutions by 55.8% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock valued at $53,000 after acquiring an additional 145 shares during the period. Institutional investors own 85.65% of the company’s stock.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $146.51, for a total value of $212,586.01. Following the transaction, the senior vice president now owns 26,699 shares in the company, valued at approximately $3,911,670.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total transaction of $625,633.38. Following the transaction, the executive vice president now owns 24,564 shares in the company, valued at $3,688,038.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction on Friday, August 16th. The stock was sold at an average price of $146.51, for a total value of $212,586.01. Following the transaction, the senior vice president now owns 26,699 shares in the company, valued at approximately $3,911,670.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,516 shares of company stock valued at $2,152,693 in the last 90 days. 1.00% of the stock is currently owned by company insiders.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock traded down $1.53 during midday trading on Tuesday, hitting $142.01. The company had a trading volume of 145,181 shares, compared to its average volume of 808,908. The stock has a market cap of $17.78 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 1.39 and a beta of 0.72. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. The company has a fifty day simple moving average of $144.64 and a 200 day simple moving average of $142.86. Jacobs Solutions Inc. has a 12-month low of $100.59 and a 12-month high of $144.56.

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

Jacobs Solutions Announces Dividend

The firm also recently declared 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. The ex-dividend date is Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 0.82%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.

Analyst Ratings Changes

A number of research analysts recently issued reports on J shares. Raymond James raised 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. Robert W. Baird reduced their price objective on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. UBS Group raised their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. StockNews.com assumed coverage on shares of Jacobs Solutions in a research note on Wednesday, October 2nd. They set a “buy” rating for the company. Finally, Truist Financial reduced 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 equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and an average price target of $159.60.

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.