Wiser Advisor Group LLC Has $200,000 Position in Jacobs Solutions Inc. (NYSE:J)

Wiser Advisor Group LLC trimmed its position in shares of Jacobs Solutions Inc. (NYSE:J) by 30.7% during the third quarter, HoldingsChannel.com reports. The firm owned 1,527 shares of the company’s stock after selling 677 shares during the period. Wiser Advisor Group LLC’s holdings in Jacobs Solutions were worth $200,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Tlwm increased its holdings in Jacobs Solutions by 1.2% in the second quarter. Tlwm now owns 6,046 shares of the company’s stock valued at $845,000 after purchasing an additional 74 shares during the period. First Horizon Advisors Inc. raised its stake in Jacobs Solutions by 44.3% during the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after buying an additional 74 shares during the last quarter. Hudson Edge Investment Partners Inc. boosted its position in Jacobs Solutions by 1.4% during the second quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock valued at $834,000 after acquiring an additional 82 shares during the last quarter. Empirical Finance LLC boosted its position in Jacobs Solutions by 1.9% during the third quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock valued at $570,000 after acquiring an additional 82 shares during the last quarter. Finally, OneDigital Investment Advisors LLC grew its holdings in Jacobs Solutions by 4.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock worth $293,000 after acquiring an additional 86 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

Shares of J traded up $2.39 during mid-day trading on Monday, hitting $139.75. The stock had a trading volume of 33,477 shares, compared to its average volume of 803,894. Jacobs Solutions Inc. has a 52 week low of $101.64 and a 52 week high of $150.54. The business has a fifty day moving average price of $142.11 and a 200-day moving average price of $142.32. The firm has a market cap of $17.36 billion, a P/E ratio of 21.70, a PEG ratio of 2.07 and a beta of 0.71. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.14.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.71). The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. Jacobs Solutions’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.90 EPS. On average, equities research analysts expect that Jacobs Solutions Inc. will post 6.07 EPS for the current year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.83%. Jacobs Solutions’s dividend payout ratio is currently 18.33%.

Insider Activity

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the sale, the director now owns 42,069 shares of the company’s stock, valued at $6,346,108.65. This trade represents a 4.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was 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. The trade was a 14.50 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on J shares. Truist Financial reduced their price objective on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Citigroup decreased their price objective on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Robert W. Baird upped their price target on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Royal Bank of Canada dropped their price objective on Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating on the stock in a research note on Thursday. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $156.50.

Jacobs Solutions 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.