B. Riley Wealth Advisors Inc. Sells 144 Shares of Jacobs Solutions Inc. (NYSE:J)

B. Riley Wealth Advisors Inc. decreased its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 6.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,120 shares of the company’s stock after selling 144 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Jacobs Solutions were worth $279,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Assenagon Asset Management S.A. grew its holdings in Jacobs Solutions by 3.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,401 shares of the company’s stock valued at $475,000 after buying an additional 119 shares in the last quarter. Raymond James & Associates boosted its position in shares of Jacobs Solutions by 0.8% in the second quarter. Raymond James & Associates now owns 109,435 shares of the company’s stock valued at $15,289,000 after acquiring an additional 873 shares during the period. Fifth Third Bancorp grew its stake in shares of Jacobs Solutions by 3.3% in the second quarter. Fifth Third Bancorp now owns 3,697 shares of the company’s stock valued at $517,000 after acquiring an additional 117 shares in the last quarter. &PARTNERS bought a new position in Jacobs Solutions during the second quarter worth about $366,000. Finally, Atlantic Union Bankshares Corp raised its stake in Jacobs Solutions by 31.0% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 2,475 shares of the company’s stock worth $346,000 after purchasing an additional 586 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Trading Up 1.3 %

J opened at $135.75 on Friday. The company’s 50 day moving average is $139.89 and its 200-day moving average is $142.19. The company has a market cap of $16.84 billion, a P/E ratio of 21.45, a PEG ratio of 2.04 and a beta of 0.70. Jacobs Solutions Inc. has a 1-year low of $104.90 and a 1-year high of $150.54. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.90 EPS. Equities research analysts predict that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions’s payout ratio is 18.33%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a report on Friday, October 4th. Royal Bank of Canada restated an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Robert W. Baird upped their target price on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. StockNews.com assumed coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They issued a “hold” rating on the stock. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $156.11.

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.