Jacobs Solutions Inc. (NYSE:J) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co lessened its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 29.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,599 shares of the company's stock after selling 4,336 shares during the quarter. CENTRAL TRUST Co's holdings in Jacobs Solutions were worth $1,281,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Insigneo Advisory Services LLC lifted its stake in shares of Jacobs Solutions by 11.9% in the 1st quarter. Insigneo Advisory Services LLC now owns 2,027 shares of the company's stock valued at $245,000 after purchasing an additional 216 shares in the last quarter. Louisbourg Investments Inc. lifted its stake in shares of Jacobs Solutions by 39.5% in the 1st quarter. Louisbourg Investments Inc. now owns 44,328 shares of the company's stock valued at $5,359,000 after purchasing an additional 12,560 shares in the last quarter. QRG Capital Management Inc. lifted its stake in shares of Jacobs Solutions by 6.2% in the 1st quarter. QRG Capital Management Inc. now owns 73,323 shares of the company's stock valued at $8,864,000 after purchasing an additional 4,284 shares in the last quarter. Great Lakes Retirement Inc. lifted its position in Jacobs Solutions by 5.2% during the first quarter. Great Lakes Retirement Inc. now owns 15,881 shares of the company's stock valued at $1,920,000 after buying an additional 781 shares in the last quarter. Finally, Sowell Financial Services LLC acquired a new position in Jacobs Solutions during the first quarter valued at approximately $530,000. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Stock Up 0.0%

Shares of J traded up $0.02 during trading on Friday, reaching $127.36. The company's stock had a trading volume of 1,868,967 shares, compared to its average volume of 807,170. The company has a market cap of $15.30 billion, a price-to-earnings ratio of 35.09, a P/E/G ratio of 1.79 and a beta of 0.77. The company has a fifty day moving average of $124.56 and a two-hundred day moving average of $127.90. 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 twelve month low of $106.23 and a twelve month high of $156.31.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. The firm had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $3 billion. During the same period in the prior year, the company posted $1.91 earnings per share. The firm'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 Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on J shares. 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 research report on Monday, May 12th. Royal Bank Of Canada lifted their target price 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 target price on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Jacobs Solutions currently has an average rating of "Moderate Buy" and a consensus price target 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.