KBC Group NV Raises Stake in Jacobs Solutions Inc. (NYSE:J)

KBC Group NV grew its stake in Jacobs Solutions Inc. (NYSE:J) by 4.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,836 shares of the company’s stock after acquiring an additional 547 shares during the quarter. KBC Group NV’s holdings in Jacobs Solutions were worth $1,680,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of J. Ontario Teachers Pension Plan Board purchased a new position in Jacobs Solutions in the 1st quarter valued at approximately $512,000. O Shaughnessy Asset Management LLC increased its position in shares of Jacobs Solutions by 37.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,839 shares of the company’s stock valued at $590,000 after purchasing an additional 1,036 shares during the last quarter. UniSuper Management Pty Ltd lifted its position in shares of Jacobs Solutions by 448.6% during the 1st quarter. UniSuper Management Pty Ltd now owns 7,801 shares of the company’s stock worth $1,199,000 after purchasing an additional 6,379 shares during the last quarter. Natixis grew its stake in shares of Jacobs Solutions by 55.0% during the first quarter. Natixis now owns 3,242 shares of the company’s stock worth $498,000 after purchasing an additional 1,150 shares in the last quarter. Finally, Vident Advisory LLC increased its holdings in Jacobs Solutions by 124.0% in the first quarter. Vident Advisory LLC now owns 18,954 shares of the company’s stock valued at $2,914,000 after buying an additional 10,494 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Trading Up 0.2 %

Shares of Jacobs Solutions stock opened at $140.35 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $17.44 billion, a P/E ratio of 27.74, a PEG ratio of 1.47 and a beta of 0.71. Jacobs Solutions Inc. has a 1 year low of $100.59 and a 1 year high of $150.54. The company’s fifty day moving average is $142.76 and its two-hundred day moving average is $142.59.

Jacobs Solutions Dividend Announcement

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

Insider Buying and Selling at Jacobs Solutions

In other news, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was 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 directly owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. This represents a 4.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value of $625,633.38. Following the completion of the sale, the executive vice president now owns 24,564 shares in the company, valued at approximately $3,688,038.96. This trade represents a 14.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

J has been the subject of a number of recent analyst reports. Robert W. Baird decreased their price target on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a research note on Friday, October 4th. Citigroup boosted their price objective 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. StockNews.com began coverage on shares of Jacobs Solutions in a report on Monday. They issued a “buy” rating for the company. Finally, Truist Financial cut 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. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $159.30.

About Jacobs Solutions

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.