Jacobs Solutions Inc. (NYSE:J) Shares Sold by Blair William & Co. IL

Key Points

• Blair William & Co. IL reduced its stake in Jacobs Solutions Inc. by 3.1%, holding 53,495 shares worth approximately $6.47 million.
• Jacobs Solutions reported a 1.62 earnings per share for the last quarter, exceeding estimates, but its revenue of $3.03 billion fell short of expectations.
• The company announced a quarterly dividend of $0.32, representing a 0.9% yield, with a payout ratio of 35.26%.

Blair William & Co. IL decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 3.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,495 shares of the company's stock after selling 1,739 shares during the period. Blair William & Co. IL's holdings in Jacobs Solutions were worth $6,467,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Benjamin Edwards Inc. grew its stake in Jacobs Solutions by 5.3% in the 4th quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock worth $231,000 after acquiring an additional 87 shares during the period. Avidian Wealth Enterprises LLC boosted its holdings in shares of Jacobs Solutions by 4.3% during the first quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company's stock worth $255,000 after purchasing an additional 87 shares during the last quarter. Kestra Private Wealth Services LLC grew its position in shares of Jacobs Solutions by 2.6% in the first quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company's stock valued at $510,000 after purchasing an additional 108 shares during the period. Ameritas Advisory Services LLC grew its position in shares of Jacobs Solutions by 1.5% in the first quarter. Ameritas Advisory Services LLC now owns 8,034 shares of the company's stock valued at $989,000 after purchasing an additional 117 shares during the period. Finally, Cetera Investment Advisers increased its stake in Jacobs Solutions by 0.9% in the fourth quarter. Cetera Investment Advisers now owns 15,502 shares of the company's stock valued at $2,071,000 after purchasing an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Trading Down 0.0%

NYSE J traded down $0.01 during mid-day trading on Thursday, hitting $146.94. The company's stock had a trading volume of 586,325 shares, compared to its average volume of 773,848. The firm has a market capitalization of $17.57 billion, a P/E ratio of 36.64, a price-to-earnings-growth ratio of 2.05 and a beta of 0.79. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.50. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $150.54. The stock's fifty day simple moving average is $133.72 and its two-hundred day simple moving average is $128.36.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.06. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.09 billion. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The business's quarterly revenue was down 28.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.96 earnings per share. Research analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. Jacobs Solutions's dividend payout ratio is presently 31.92%.

Analyst Ratings Changes

J has been the topic of a number of research analyst reports. KeyCorp raised their price target on Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research note on Wednesday. Citigroup raised their target price on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. UBS Group boosted their target price on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a report on Wednesday. Royal Bank Of Canada increased their price target on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $155.25.

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.