B. Riley Wealth Advisors Inc. Sells 288 Shares of Jacobs Solutions Inc. (NYSE:J)

B. Riley Wealth Advisors Inc. cut its stake in Jacobs Solutions Inc. (NYSE:J) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,215 shares of the company’s stock after selling 288 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Jacobs Solutions were worth $2,235,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in J. First Pacific Financial bought a new stake in Jacobs Solutions during the fourth quarter valued at approximately $27,000. GAMMA Investing LLC bought a new stake in Jacobs Solutions during the fourth quarter valued at approximately $27,000. ICA Group Wealth Management LLC bought a new stake in Jacobs Solutions during the fourth quarter valued at approximately $30,000. Union Savings Bank grew its position in Jacobs Solutions by 78.1% during the fourth quarter. Union Savings Bank now owns 285 shares of the company’s stock valued at $37,000 after buying an additional 125 shares during the period. Finally, Northwest Financial Advisors bought a new stake in Jacobs Solutions during the fourth quarter valued at approximately $39,000. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Price Performance

J stock opened at $140.98 on Wednesday. Jacobs Solutions Inc. has a one year low of $114.09 and a one year high of $154.50. The company’s fifty day moving average price is $141.00 and its 200-day moving average price is $139.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $17.65 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 1.59 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, May 7th. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.84 by $0.07. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the previous year, the firm earned $1.81 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities analysts anticipate that Jacobs Solutions Inc. will post 7.98 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 24th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, May 23rd. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.

Insider Transactions at Jacobs Solutions

In related news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the sale, the insider now owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $229,800.00. Following the sale, the chief financial officer now owns 233,104 shares of the company’s stock, valued at $35,711,532.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the sale, the insider now directly owns 555,138 shares in the company, valued at approximately $85,047,141.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,000 shares of company stock valued at $3,503,195. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on J shares. William Blair lowered shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Citigroup lifted their price target on shares of Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Bank of America lifted their price target on shares of Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. StockNews.com downgraded shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 13th. Finally, Robert W. Baird lowered their price target on shares of Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $156.82.

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.