ING Groep NV Sells 9,821 Shares of Jacobs Solutions Inc. (NYSE:J)

ING Groep NV lessened its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 61.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,048 shares of the company's stock after selling 9,821 shares during the quarter. ING Groep NV's holdings in Jacobs Solutions were worth $731,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Colonial Trust Co SC grew its holdings in shares of Jacobs Solutions by 10,250.0% in the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company's stock valued at $28,000 after buying an additional 205 shares during the period. Rossby Financial LCC bought a new position in Jacobs Solutions during the first quarter worth about $33,000. Whipplewood Advisors LLC grew its stake in 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 acquiring an additional 354 shares during the period. 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 worth $48,000 after acquiring an additional 190 shares in the last quarter. Finally, Transce3nd LLC acquired a new stake in shares of Jacobs Solutions during the fourth quarter worth about $53,000. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Price Performance

Shares of J opened at $146.91 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.50 and a debt-to-equity ratio of 0.65. The company's fifty day simple moving average is $133.30 and its 200 day simple moving average is $128.30. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $150.54. The company has a market cap of $17.65 billion, a price-to-earnings ratio of 36.64, a PEG ratio of 2.04 and a beta of 0.79.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.06. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the business earned $1.96 EPS. Jacobs Solutions's revenue for the quarter was down 28.4% compared to the same quarter last year. On average, research analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 22nd. Jacobs Solutions's payout ratio is currently 35.26%.

Analyst Ratings Changes

J has been the subject of a number of research reports. KeyCorp increased their target price on Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research note on Wednesday. UBS Group raised their price objective on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a report on Wednesday. Citigroup upped their target price on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Truist Financial lifted their price target on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research note on Monday, May 12th. Finally, Royal Bank Of Canada increased their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Jacobs Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $155.25.

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.

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