Coastline Trust Co Buys 320 Shares of Jacobs Solutions Inc. (NYSE:J)

Coastline Trust Co increased its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 3.8% in the third quarter, Holdings Channel.com reports. The fund owned 8,805 shares of the company’s stock after purchasing an additional 320 shares during the period. Coastline Trust Co’s holdings in Jacobs Solutions were worth $1,153,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Boston Partners boosted its position in shares of Jacobs Solutions by 27.9% during 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 last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of 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 worth $464,736,000 after buying an additional 192,166 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Jacobs Solutions by 11.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock worth $169,366,000 after buying an additional 127,605 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Jacobs Solutions by 12.0% in the 2nd quarter. American Century Companies Inc. now owns 632,868 shares of the company’s stock worth $88,418,000 after buying an additional 67,821 shares during the last quarter. Finally, Ceredex Value Advisors LLC raised its position in shares of Jacobs Solutions by 5.5% during the 2nd quarter. Ceredex Value Advisors LLC now owns 601,944 shares of the company’s stock valued at $84,098,000 after buying an additional 31,225 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Down 0.4 %

Shares of J opened at $140.01 on Friday. The firm has a fifty day moving average price of $142.85 and a 200-day moving average price of $142.63. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $17.40 billion, a P/E ratio of 27.67, a P/E/G ratio of 1.57 and a beta of 0.71. Jacobs Solutions Inc. has a 12-month low of $100.59 and a 12-month high of $150.54.

Jacobs Solutions Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 0.83%. Jacobs Solutions’s dividend payout ratio is currently 22.92%.

Analysts Set New Price Targets

Several research firms recently commented on J. Citigroup lifted their price target on Jacobs Solutions from $138.60 to $166.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Robert W. Baird dropped their target price on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. UBS Group increased their price target on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Royal Bank of Canada lifted their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, Truist Financial reduced their target price 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 given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $159.30.

Insiders Place Their Bets

In other news, Director Christopher M.T. Thompson sold 1,898 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were 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 represents a 14.50 % 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 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.