Boston Common Asset Management LLC Sells 5,316 Shares of Jacobs Solutions Inc. (NYSE:J)

Boston Common Asset Management LLC lessened its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 17.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,441 shares of the company's stock after selling 5,316 shares during the period. Boston Common Asset Management LLC's holdings in Jacobs Solutions were worth $2,955,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Stratos Wealth Partners LTD. grew its position in Jacobs Solutions by 1.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company's stock worth $1,305,000 after acquiring an additional 175 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of Jacobs Solutions by 956.8% during the fourth quarter. National Bank of Canada FI now owns 264,824 shares of the company's stock worth $35,386,000 after purchasing an additional 239,764 shares during the last quarter. Keene & Associates Inc. bought a new stake in shares of Jacobs Solutions during the fourth quarter worth about $2,973,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Jacobs Solutions by 34.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,437 shares of the company's stock worth $1,545,000 after purchasing an additional 2,949 shares during the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in shares of Jacobs Solutions by 5.5% during the fourth 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. 85.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Robert W. Baird reduced their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Citigroup reduced their price objective on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Truist Financial upped their price target on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research report on Monday, May 12th. Finally, UBS Group reduced their price target on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Jacobs Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $150.86.

Jacobs Solutions Trading Up 0.3%

J traded up $0.38 during trading on Friday, reaching $126.40. 2,174,853 shares of the stock traded hands, compared to its average volume of 805,814. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $15.19 billion, a PE ratio of 26.06, a P/E/G ratio of 1.84 and a beta of 0.77. The stock's 50-day moving average is $121.82 and its 200 day moving average is $129.26. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $156.31.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The business had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $3 billion. During the same quarter in the prior year, the firm posted $1.91 earnings per share. The business's quarterly revenue was up 2.2% compared to the same quarter last year. Equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, May 23rd. Jacobs Solutions's payout ratio is 35.26%.

Jacobs Solutions declared that its Board of Directors has initiated a stock buyback program on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

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.