Fairvoy Private Wealth LLC Cuts Stock Position in Jacobs Solutions Inc. (NYSE:J)

Fairvoy Private Wealth LLC trimmed its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 65.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,228 shares of the company's stock after selling 10,057 shares during the period. Fairvoy Private Wealth LLC's holdings in Jacobs Solutions were worth $632,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Colonial Trust Co SC boosted its stake in shares of Jacobs Solutions by 10,250.0% in the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after acquiring an additional 205 shares during the period. Avalon Trust Co bought a new position in Jacobs Solutions during the fourth quarter valued at $33,000. Larson Financial Group LLC lifted its stake in shares of Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock worth $37,000 after acquiring an additional 115 shares during the last quarter. Assetmark Inc. increased its stake in Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after buying an additional 100 shares during the period. Finally, Optiver Holding B.V. grew its position 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 worth $48,000 after buying an additional 190 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research note on Monday, May 12th. Royal Bank Of Canada lifted their target price on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Citigroup decreased their price target on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, UBS Group cut 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. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Jacobs Solutions has an average rating of "Moderate Buy" and an average target price of $150.86.

Jacobs Solutions Stock Performance

Shares of J stock traded down $1.18 during mid-day trading on Wednesday, reaching $127.28. The stock had a trading volume of 573,301 shares, compared to its average volume of 804,396. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $156.31. The firm has a market cap of $15.29 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 1.82 and a beta of 0.77. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68. The business's fifty day moving average is $123.92 and its 200-day moving average is $128.14.

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, topping analysts' consensus estimates of $1.41 by $0.02. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $3 billion. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. Jacobs Solutions's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm posted $1.91 EPS. On average, research analysts forecast 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, June 20th. Shareholders of record on Friday, May 23rd will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 annualized dividend and a yield of 1.01%. Jacobs Solutions's dividend payout ratio is presently 35.26%.

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.