Versor Investments LP Buys New Shares in Jacobs Solutions Inc. (NYSE:J)

Versor Investments LP bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J) during the third quarter, Holdings Channel reports. The institutional investor bought 3,100 shares of the company’s stock, valued at approximately $406,000.

Other institutional investors have also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System raised its holdings in Jacobs Solutions by 8.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 139,469 shares of the company’s stock worth $21,441,000 after buying an additional 10,542 shares during the last quarter. Sei Investments Co. raised its holdings in Jacobs Solutions by 32.1% during the second quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock worth $37,968,000 after buying an additional 66,002 shares during the last quarter. UniSuper Management Pty Ltd raised its holdings in Jacobs Solutions by 448.6% during the first quarter. UniSuper Management Pty Ltd now owns 7,801 shares of the company’s stock worth $1,199,000 after buying an additional 6,379 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in Jacobs Solutions by 6.8% during the third quarter. Asset Management One Co. Ltd. now owns 76,308 shares of the company’s stock worth $9,989,000 after buying an additional 4,858 shares during the last quarter. Finally, MBB Public Markets I LLC bought a new stake in shares of Jacobs Solutions in the 2nd quarter worth $1,302,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on J shares. UBS Group upped their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Truist Financial reduced their target price 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. Citigroup upped their target price on shares of Jacobs Solutions from $138.60 to $166.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. StockNews.com lowered shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird reduced their target price 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. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $159.30.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $140.61 on Friday. 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 firm has a market capitalization of $17.47 billion, a PE ratio of 27.79, a P/E/G ratio of 1.55 and a beta of 0.71. Jacobs Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $150.54. The company has a 50-day moving average price of $142.95 and a two-hundred day moving average price of $142.68.

Jacobs Solutions Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 0.82%. Jacobs Solutions’s dividend payout ratio is presently 22.92%.

Insiders Place Their Bets

In other news, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value of $625,633.38. Following the sale, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at approximately $3,688,038.96. This represents a 14.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 sale, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The trade was a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

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.