WBI Investments LLC Purchases Shares of 6,559 Jacobs Solutions Inc. $J

WBI Investments LLC acquired a new position in shares of Jacobs Solutions Inc. (NYSE:J) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,559 shares of the company’s stock, valued at approximately $862,000.

A number of other large investors also recently modified their holdings of the stock. Kestra Private Wealth Services LLC grew its holdings in Jacobs Solutions by 2.6% during the first quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company’s stock worth $510,000 after buying an additional 108 shares in the last quarter. Wealth Alliance LLC lifted its stake in Jacobs Solutions by 5.3% during the 1st quarter. Wealth Alliance LLC now owns 3,334 shares of the company’s stock valued at $403,000 after acquiring an additional 167 shares in the last quarter. Flynn Zito Capital Management LLC boosted its holdings in Jacobs Solutions by 16.5% during the 1st quarter. Flynn Zito Capital Management LLC now owns 2,178 shares of the company’s stock worth $263,000 after acquiring an additional 309 shares during the last quarter. Greenwood Gearhart Inc. boosted its holdings in Jacobs Solutions by 7.0% during the 1st quarter. Greenwood Gearhart Inc. now owns 71,435 shares of the company’s stock worth $8,636,000 after acquiring an additional 4,644 shares during the last quarter. Finally, M. Kulyk & Associates LLC grew its stake in shares of Jacobs Solutions by 18.9% in the 1st quarter. M. Kulyk & Associates LLC now owns 18,260 shares of the company’s stock worth $2,207,000 after acquiring an additional 2,909 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Up 0.1%

J opened at $150.70 on Wednesday. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $168.44. The company’s 50-day moving average price is $153.56 and its two-hundred day moving average price is $141.82. The stock has a market cap of $18.01 billion, a price-to-earnings ratio of 37.58, a PEG ratio of 1.87 and a beta of 0.83. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Tuesday, December 2nd will be paid a $0.32 dividend. The ex-dividend date is Tuesday, December 2nd. This represents a $1.28 annualized dividend and a yield of 0.8%. Jacobs Solutions’s dividend payout ratio is presently 31.92%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on J. Truist Financial raised their price target on shares of Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a research report on Wednesday, October 8th. Barclays increased their price objective on shares of Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Citigroup boosted their target price on Jacobs Solutions from $169.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Wells Fargo & Company began coverage on Jacobs Solutions in a report on Friday, November 14th. They issued an “equal weight” rating and a $160.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Jacobs Solutions in a report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.78.

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.