5,416 Shares in Jacobs Solutions Inc. (NYSE:J) Bought by Aigen Investment Management LP

Aigen Investment Management LP bought a new position in shares of Jacobs Solutions Inc. (NYSE:J) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,416 shares of the company’s stock, valued at approximately $709,000.

Several other large investors have also bought and sold shares of J. Boston Partners grew its holdings in Jacobs Solutions by 27.9% during the 1st quarter. Boston Partners now owns 3,697,086 shares of the company’s stock worth $567,436,000 after acquiring an additional 805,657 shares during the period. Thrivent Financial for Lutherans grew its holdings in Jacobs Solutions by 5,170.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock worth $58,550,000 after acquiring an additional 411,123 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Jacobs Solutions by 6.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock worth $464,736,000 after acquiring an additional 192,166 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Jacobs Solutions by 305.4% in the 1st quarter. Russell Investments Group Ltd. now owns 182,135 shares of the company’s stock valued at $27,910,000 after buying an additional 137,213 shares during the period. Finally, Westwood Holdings Group Inc. grew its stake in shares of Jacobs Solutions by 7,306.2% in the 1st quarter. Westwood Holdings Group Inc. now owns 138,051 shares of the company’s stock valued at $21,223,000 after buying an additional 136,187 shares during the period. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Price Performance

J stock opened at $149.25 on Thursday. The company has a market capitalization of $18.54 billion, a P/E ratio of 29.66, a price-to-earnings-growth ratio of 1.55 and a beta of 0.71. 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 52-week low of $100.59 and a 52-week high of $150.54. The business has a 50-day simple moving average of $142.90 and a two-hundred day simple moving average of $142.64.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.78%. Jacobs Solutions’s dividend payout ratio is currently 22.92%.

Analyst Ratings Changes

Several analysts have recently commented on J shares. Citigroup raised their target price on Jacobs Solutions from $138.60 to $166.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. StockNews.com downgraded Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird reduced their target price on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a research note on Friday, October 4th. Finally, UBS Group raised their target price on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $159.30.

Insiders Place Their Bets

In other Jacobs Solutions news, 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 transaction, the director now owns 42,069 shares of the company’s stock, valued at $6,346,108.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, 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 value of $286,313.30. Following the sale, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $146.51, for a total transaction of $212,586.01. Following the completion of the sale, the senior vice president now directly owns 26,699 shares in the company, valued at $3,911,670.49. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,516 shares of company stock valued at $1,124,533 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

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.