Oppenheimer & Co. Inc. Reduces Holdings in Jacobs Solutions Inc. (NYSE:J)

Oppenheimer & Co. Inc. lessened its position in shares of Jacobs Solutions Inc. (NYSE:J) by 0.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 45,617 shares of the company’s stock after selling 269 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Jacobs Solutions were worth $5,971,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Boston Partners raised its stake in shares of Jacobs Solutions by 27.9% in the 1st quarter. Boston Partners now owns 3,697,086 shares of the company’s stock valued at $567,436,000 after acquiring an additional 805,657 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Jacobs Solutions by 6.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock valued at $464,736,000 after purchasing an additional 192,166 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Jacobs Solutions by 11.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock valued at $169,366,000 after purchasing an additional 127,605 shares during the period. American Century Companies Inc. lifted its stake in Jacobs Solutions by 12.0% during the second quarter. American Century Companies Inc. now owns 632,868 shares of the company’s stock worth $88,418,000 after purchasing an additional 67,821 shares in the last quarter. Finally, Ceredex Value Advisors LLC boosted its position in shares of Jacobs Solutions by 5.5% during the second quarter. Ceredex Value Advisors LLC now owns 601,944 shares of the company’s stock worth $84,098,000 after buying an additional 31,225 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 42,069 shares in the company, valued at approximately $6,346,108.65. The trade was a 4.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Shelette M. Gustafson sold 4,167 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 corporate insiders.

Jacobs Solutions Trading Down 5.8 %

NYSE:J opened at $140.61 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. Jacobs Solutions Inc. has a 1 year low of $100.59 and a 1 year high of $150.54. The stock has a market cap of $17.47 billion, a P/E ratio of 27.79, a P/E/G ratio of 1.55 and a beta of 0.71. The stock has a 50-day simple moving average of $142.95 and a 200-day simple moving average of $142.68.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders 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 yield of 0.82%. Jacobs Solutions’s dividend payout ratio is currently 22.92%.

Analysts Set New Price Targets

Several research firms recently issued reports on J. UBS Group boosted their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Citigroup raised their price objective on shares of Jacobs Solutions from $138.60 to $166.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. 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 research note on Friday, October 4th. Royal Bank of Canada raised their price target on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, Robert W. Baird cut their price objective on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Jacobs Solutions has an average rating of “Moderate Buy” and an average target price of $159.30.

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.