Jacobs Solutions Inc. (NYSE:J) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 40.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,368 shares of the company's stock after selling 3,002 shares during the quarter. D.A. Davidson & CO.'s holdings in Jacobs Solutions were worth $528,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC lifted its position in Jacobs Solutions by 345.9% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock worth $619,676,000 after buying an additional 3,597,564 shares in the last quarter. Lazard Asset Management LLC increased its position in Jacobs Solutions by 933.6% during the fourth quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock worth $281,808,000 after purchasing an additional 1,904,988 shares during the last quarter. Deutsche Bank AG raised its stake in Jacobs Solutions by 148.2% during the fourth quarter. Deutsche Bank AG now owns 664,564 shares of the company's stock worth $88,799,000 after purchasing an additional 396,759 shares during the period. Vontobel Holding Ltd. boosted its holdings in Jacobs Solutions by 639.3% in the 1st quarter. Vontobel Holding Ltd. now owns 342,251 shares of the company's stock valued at $41,375,000 after purchasing an additional 295,957 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of Jacobs Solutions by 40.3% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,007,612 shares of the company's stock valued at $134,637,000 after buying an additional 289,573 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Down 0.8%

Jacobs Solutions stock traded down $1.04 during trading on Friday, reaching $135.17. The stock had a trading volume of 527,896 shares, compared to its average volume of 585,839. 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 52-week low of $106.23 and a 52-week high of $156.31. The stock has a market cap of $16.24 billion, a PE ratio of 22.37, a P/E/G ratio of 1.92 and a beta of 0.77. The business has a 50 day moving average price of $127.86 and a 200 day moving average price of $127.55.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.02. The business had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $3 billion. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. The company's revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.91 EPS. On average, analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 23rd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Friday, May 23rd. Jacobs Solutions's payout ratio is currently 35.26%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. UBS Group dropped their price objective on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Citigroup cut their price target 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. Royal Bank Of Canada raised their price objective on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, Truist Financial lifted their price objective 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.