Ameliora Wealth Management Ltd. Decreases Stock Position in Jacobs Solutions Inc. (NYSE:J)

Ameliora Wealth Management Ltd. lessened its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 90.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 223 shares of the company's stock after selling 2,001 shares during the quarter. Ameliora Wealth Management Ltd.'s holdings in Jacobs Solutions were worth $27,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Colonial Trust Co SC increased its holdings in shares of Jacobs Solutions by 10,250.0% in the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company's stock valued at $28,000 after purchasing an additional 205 shares during the last quarter. Avalon Trust Co acquired a new stake in shares of Jacobs Solutions in the fourth quarter valued at approximately $33,000. Larson Financial Group LLC increased its holdings in shares of Jacobs Solutions by 71.9% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after purchasing an additional 115 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Jacobs Solutions by 42.7% in the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after purchasing an additional 100 shares during the last quarter. Finally, Whipplewood Advisors LLC increased its holdings in shares of Jacobs Solutions by 1,685.7% in the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock valued at $45,000 after purchasing an additional 354 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Wall Street Analyst Weigh In

J has been the subject of several recent research reports. UBS Group cut their price target on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a report on Friday, May 9th. Truist Financial raised their target price on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research note on Monday, May 12th. Citigroup cut their target price on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Royal Bank of Canada raised their target price on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $150.86.

Jacobs Solutions Trading Down 1.4%

J stock traded down $1.85 during midday trading on Friday, hitting $125.76. 496,744 shares of the company's stock were exchanged, compared to its average volume of 804,855. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $156.31. The business has a 50-day simple moving average of $123.34 and a two-hundred day simple moving average of $128.39. The stock has a market capitalization of $15.11 billion, a PE ratio of 25.93, a P/E/G ratio of 1.84 and a beta of 0.77. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $3 billion. During the same period last year, the business posted $1.91 earnings per share. The company's quarterly revenue was up 2.2% on a year-over-year basis. On average, sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.32 per share. The ex-dividend date is Friday, May 23rd. This represents a $1.28 annualized dividend and a dividend yield of 1.02%. Jacobs Solutions's dividend payout ratio is currently 35.26%.

About Jacobs Solutions

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.