Baldwin Investment Management LLC lowered its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 45.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,225 shares of the company's stock after selling 2,695 shares during the period. Baldwin Investment Management LLC's holdings in Jacobs Solutions were worth $390,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Colonial Trust Co SC increased its stake in Jacobs Solutions by 10,250.0% during the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company's stock valued at $28,000 after purchasing an additional 205 shares in the last quarter. Rossby Financial LCC purchased a new stake in shares of Jacobs Solutions during the 1st quarter valued at about $33,000. Optiver Holding B.V. boosted its holdings in shares of Jacobs Solutions by 113.8% during the 4th quarter. Optiver Holding B.V. now owns 357 shares of the company's stock valued at $48,000 after acquiring an additional 190 shares during the last quarter. Whipplewood Advisors LLC boosted its holdings in shares of Jacobs Solutions by 1,685.7% during the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock valued at $45,000 after acquiring an additional 354 shares during the last quarter. Finally, Transce3nd LLC purchased a new stake in shares of Jacobs Solutions during the 4th quarter valued at about $53,000. 85.65% of the stock is owned by hedge funds and other institutional investors.
Jacobs Solutions Stock Performance
NYSE J traded down $2.83 on Friday, reaching $139.04. The stock had a trading volume of 602,841 shares, compared to its average volume of 824,403. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 1.50. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $150.54. The business's 50-day moving average price is $132.01 and its 200 day moving average price is $128.15. The stock has a market cap of $16.71 billion, a P/E ratio of 38.29, a price-to-earnings-growth ratio of 1.99 and a beta of 0.77.
Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. The company had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $3 billion. During the same quarter in the previous year, the business earned $1.91 earnings per share. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.
Jacobs Solutions Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. Jacobs Solutions's payout ratio is currently 35.26%.
Wall Street Analyst Weigh In
J has been the topic of several analyst reports. Truist Financial lifted their price target on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. Royal Bank Of Canada lifted their price target on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. UBS Group reduced their price objective 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. KeyCorp upgraded shares of Jacobs Solutions from a "sector weight" rating to an "overweight" rating and set a $155.00 price target on the stock in a research report on Wednesday, July 16th. Finally, Citigroup boosted their price objective on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research report on Monday. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Jacobs Solutions has a consensus rating of "Moderate Buy" and an average target price of $153.25.
View Our Latest Report on Jacobs Solutions
Jacobs Solutions Company Profile
(
Free Report)
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.
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