Jacobs Solutions Inc. (NYSE:J) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,617 shares of the company’s stock after selling 269 shares during the period. Oppenheimer & Co. Inc.’s holdings in Jacobs Solutions were worth $5,971,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. EdgeRock Capital LLC acquired a new position in Jacobs Solutions during the second quarter valued at $26,000. Bruce G. Allen Investments LLC raised its stake in shares of Jacobs Solutions by 427.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after buying an additional 171 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Jacobs Solutions in the 3rd quarter valued at about $42,000. LRI Investments LLC purchased a new stake in shares of Jacobs Solutions in the first quarter worth about $48,000. Finally, GAMMA Investing LLC grew its holdings 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 acquiring an additional 145 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 4,167 shares of the firm’s 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 transaction, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at $3,688,038.96. This trade represents a 14.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction, the director now owns 42,069 shares in the company, valued at approximately $6,346,108.65. This represents a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Down 5.8 %

Shares of J opened at $140.61 on Friday. The stock has a 50 day moving average price of $142.95 and a 200 day moving average price of $142.68. Jacobs Solutions Inc. has a one year low of $100.59 and a one year high of $150.54. 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 stock has a market capitalization of $17.47 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 1.55 and a beta of 0.71.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is 22.92%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on J. Truist Financial dropped their price objective 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. Citigroup lifted their price objective 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 decreased their price objective on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. StockNews.com cut Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a research note on Friday, October 4th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.