Sumitomo Mitsui Trust Group Inc. Has $45.54 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

Sumitomo Mitsui Trust Group Inc. grew its position in Jacobs Solutions Inc. (NYSE:J) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 347,932 shares of the company’s stock after purchasing an additional 3,228 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.28% of Jacobs Solutions worth $45,544,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. EdgeRock Capital LLC acquired a new stake in Jacobs Solutions in the 2nd quarter worth about $26,000. Bruce G. Allen Investments LLC increased its holdings in shares of Jacobs Solutions by 427.5% during the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after purchasing an additional 171 shares during the period. LRI Investments LLC acquired a new stake in shares of Jacobs Solutions in the first quarter valued at approximately $48,000. Capital Performance Advisors LLP bought a new stake in shares of Jacobs Solutions in the third quarter valued at approximately $42,000. Finally, GAMMA Investing LLC grew its position in Jacobs Solutions by 55.8% during the third quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock worth $53,000 after buying an additional 145 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Insider Buying and Selling

In other news, Director Christopher M.T. Thompson sold 1,898 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. This trade represents a 4.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Shelette M. Gustafson sold 4,167 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 24,564 shares in the company, valued at approximately $3,688,038.96. This 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 corporate insiders.

Analyst Upgrades and Downgrades

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

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock opened at $140.01 on Friday. The company’s 50 day moving average price is $142.88 and its two-hundred day moving average price is $142.67. The firm has a market capitalization of $17.40 billion, a P/E ratio of 27.84, a P/E/G ratio of 1.57 and a beta of 0.71. Jacobs Solutions Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $150.54. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors 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 0.83%. Jacobs Solutions’s dividend payout ratio is currently 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.