Heartwood Wealth Advisors LLC Sells 500 Shares of Jacobs Solutions Inc. (NYSE:J)

Heartwood Wealth Advisors LLC decreased its stake in Jacobs Solutions Inc. (NYSE:J) by 21.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,868 shares of the company’s stock after selling 500 shares during the quarter. Heartwood Wealth Advisors LLC’s holdings in Jacobs Solutions were worth $245,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. EdgeRock Capital LLC acquired a new stake in shares of Jacobs Solutions during the second quarter worth approximately $26,000. Bruce G. Allen Investments LLC increased its holdings in 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 purchasing an additional 171 shares in the last quarter. Quarry LP increased its holdings in Jacobs Solutions by 108.9% during the 4th quarter. Quarry LP now owns 305 shares of the company’s stock valued at $40,000 after purchasing an additional 159 shares in the last quarter. LRI Investments LLC bought a new position in Jacobs Solutions in the 1st quarter valued at $48,000. Finally, Central Pacific Bank Trust Division acquired a new position in Jacobs Solutions in the first quarter worth $48,000. 85.65% of the stock is currently owned by institutional investors.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $146.88, for a total value of $1,028,160.00. Following the completion of the sale, the insider now directly owns 527,138 shares in the company, valued at $77,426,029.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $146.88, for a total transaction of $1,028,160.00. Following the sale, the insider now directly owns 527,138 shares in the company, valued at $77,426,029.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Shelette M. Gustafson sold 4,167 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 24,564 shares in the company, valued at $3,688,038.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,516 shares of company stock valued at $2,152,693 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

J has been the subject of a number of research reports. StockNews.com assumed coverage on Jacobs Solutions in a research note on Wednesday, October 2nd. They issued a “buy” rating for the company. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research report on Friday. Truist Financial reiterated a “hold” rating and set a $158.00 target price (up from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. 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 report on Wednesday, August 7th. Finally, UBS Group boosted their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Jacobs Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $161.50.

Jacobs Solutions Stock Down 1.5 %

NYSE:J opened at $137.99 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. Jacobs Solutions Inc. has a 12-month low of $120.71 and a 12-month high of $156.31. The stock’s fifty day simple moving average is $145.39 and its 200-day simple moving average is $143.74. The firm has a market capitalization of $17.28 billion, a P/E ratio of 26.64, a P/E/G ratio of 1.70 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.96. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.82 earnings per share. Equities research analysts expect that Jacobs Solutions Inc. will post 7.98 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be issued 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 0.84%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.

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.