Allspring Global Investments Holdings LLC Sells 9,200 Shares of Jacobs Solutions Inc. (NYSE:J)

Allspring Global Investments Holdings LLC lowered its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 0.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,426,915 shares of the company's stock after selling 9,200 shares during the period. Allspring Global Investments Holdings LLC owned about 1.98% of Jacobs Solutions worth $296,035,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. National Bank of Canada FI boosted its stake in Jacobs Solutions by 956.8% in the 4th quarter. National Bank of Canada FI now owns 264,824 shares of the company's stock valued at $35,386,000 after buying an additional 239,764 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Jacobs Solutions by 2.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company's stock valued at $15,379,000 after purchasing an additional 3,451 shares in the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Jacobs Solutions by 5.5% in the 4th quarter. Evergreen Capital Management LLC now owns 69,123 shares of the company's stock worth $9,236,000 after purchasing an additional 3,609 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Jacobs Solutions by 32.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 43,776 shares of the company's stock worth $5,849,000 after purchasing an additional 10,827 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in Jacobs Solutions by 156.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 44,354 shares of the company's stock valued at $5,362,000 after purchasing an additional 27,055 shares during the last quarter. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Trading Up 0.9%

J stock traded up $1.16 during midday trading on Tuesday, reaching $132.61. The company's stock had a trading volume of 708,696 shares, compared to its average volume of 798,248. The business's 50-day simple moving average is $126.07 and its 200-day simple moving average is $127.55. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.68. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $156.31. The stock has a market cap of $15.93 billion, a PE ratio of 36.53, a price-to-earnings-growth ratio of 1.83 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.02. The business had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $3 billion. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. The firm's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.91 earnings per share. As a group, sell-side analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Friday, May 23rd. Jacobs Solutions's payout ratio is 35.26%.

Wall Street Analysts Forecast Growth

J has been the subject of a number of research analyst reports. Truist Financial lifted their target price on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research note on Monday, May 12th. Citigroup reduced their price objective on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. UBS Group reduced their price target on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Royal Bank Of Canada raised their price objective on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Jacobs Solutions has an average rating of "Moderate Buy" and an average target price of $150.86.

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.