Thrivent Financial for Lutherans Has $70.30 Million Stock Position in Jacobs Solutions Inc. (NYSE:J)

Thrivent Financial for Lutherans increased its position in Jacobs Solutions Inc. (NYSE:J) by 28.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 537,015 shares of the company’s stock after purchasing an additional 117,940 shares during the period. Thrivent Financial for Lutherans’ holdings in Jacobs Solutions were worth $70,296,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Mutual of America Capital Management LLC increased its stake in shares of Jacobs Solutions by 7.0% in the third quarter. Mutual of America Capital Management LLC now owns 40,956 shares of the company’s stock worth $5,361,000 after acquiring an additional 2,675 shares during the last quarter. Natixis Advisors LLC grew its stake in Jacobs Solutions by 0.6% in the third quarter. Natixis Advisors LLC now owns 200,675 shares of the company’s stock valued at $26,269,000 after purchasing an additional 1,106 shares in the last quarter. Mizuho Securities USA LLC increased its position in Jacobs Solutions by 978.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 104,100 shares of the company’s stock worth $13,627,000 after purchasing an additional 94,448 shares during the last quarter. Coastline Trust Co raised its stake in shares of Jacobs Solutions by 3.8% during the 3rd quarter. Coastline Trust Co now owns 8,805 shares of the company’s stock worth $1,153,000 after purchasing an additional 320 shares in the last quarter. Finally, Empirical Finance LLC lifted its holdings in shares of Jacobs Solutions by 1.9% during the 3rd quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock valued at $570,000 after buying an additional 82 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com downgraded Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Truist Financial dropped their price target on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. 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. Citigroup increased their target price on shares of Jacobs Solutions from $138.60 to $166.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, UBS Group boosted their price target on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.30.

Insider Buying and Selling

In related news, Director Christopher M.T. Thompson sold 1,898 shares of the firm’s 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 transaction, the director now directly owns 42,069 shares of the company’s stock, valued at $6,346,108.65. This trade represents a 4.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Shelette M. Gustafson sold 4,167 shares of the business’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 completion of 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 disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Jacobs Solutions Stock Performance

J opened at $140.01 on Monday. 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 stock’s 50 day moving average price is $142.85 and its two-hundred day moving average price is $142.62. The firm has a market capitalization of $17.40 billion, a P/E ratio of 27.67, a price-to-earnings-growth ratio of 1.47 and a beta of 0.71. Jacobs Solutions Inc. has a 12-month low of $100.59 and a 12-month high of $150.54.

Jacobs Solutions Dividend Announcement

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

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.