Grandfield & Dodd LLC Sells 2,000 Shares of Jacobs Solutions Inc. (NYSE:J)

Grandfield & Dodd LLC lessened its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 30.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,473 shares of the company's stock after selling 2,000 shares during the quarter. Grandfield & Dodd LLC's holdings in Jacobs Solutions were worth $541,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Colonial Trust Co SC raised its position in Jacobs Solutions by 10,250.0% during 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 in the last quarter. Rossby Financial LCC acquired a new position in shares of Jacobs Solutions in the first quarter valued at $33,000. Whipplewood Advisors LLC increased its holdings in shares of Jacobs Solutions by 1,685.7% in the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock valued at $45,000 after purchasing an additional 354 shares during the last quarter. Optiver Holding B.V. increased its holdings in shares of Jacobs Solutions by 113.8% in the fourth quarter. Optiver Holding B.V. now owns 357 shares of the company's stock valued at $48,000 after purchasing an additional 190 shares during the last quarter. Finally, Transce3nd LLC acquired a new position in shares of Jacobs Solutions in the fourth quarter valued at $53,000. Institutional investors own 85.65% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on J shares. UBS Group lowered their price target 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. Citigroup lowered 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 report on Friday, April 25th. Truist Financial raised their price target on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. KeyCorp raised shares of Jacobs Solutions from a "sector weight" rating to an "overweight" rating and set a $155.00 price target on the stock in a research report on Wednesday. Finally, Royal Bank Of Canada raised their price target on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $151.38.

Jacobs Solutions Price Performance

Shares of J traded down $0.86 during mid-day trading on Friday, reaching $138.44. The company had a trading volume of 158,634 shares, compared to its average volume of 800,315. The company's 50 day simple moving average is $129.19 and its 200 day simple moving average is $127.59. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $156.31. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market capitalization of $16.64 billion, a price-to-earnings ratio of 38.08, a P/E/G ratio of 1.94 and a beta of 0.77.

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 for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $3 billion. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. The firm's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company posted $1.91 EPS. Analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The company also recently declared 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 was Friday, May 23rd. This represents a $1.28 annualized dividend and a yield of 0.92%. Jacobs Solutions's payout ratio is 35.26%.

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.