Segall Bryant & Hamill LLC Has $13.64 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Segall Bryant & Hamill LLC reduced its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 7.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,855 shares of the company's stock after selling 8,574 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.09% of Jacobs Solutions worth $13,643,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in J. Colonial Trust Co SC grew its stake in shares of 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 buying an additional 205 shares during the last quarter. Rossby Financial LCC bought a new stake in Jacobs Solutions during the 1st quarter worth $33,000. Whipplewood Advisors LLC raised its position 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 purchasing an additional 354 shares during the last quarter. Optiver Holding B.V. raised its position in 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 stake in shares of Jacobs Solutions during the fourth quarter valued at about $53,000. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

J has been the subject of a number of analyst reports. Citigroup lowered their price objective on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research report on Friday, April 25th. UBS Group lowered their price target on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a report on Friday, May 9th. Truist Financial boosted 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 upgraded shares of Jacobs Solutions from a "sector weight" rating to an "overweight" rating and set a $155.00 price objective for the company in a research report on Wednesday. Finally, Royal Bank Of Canada lifted their target price on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $151.38.

Jacobs Solutions Trading Down 0.5%

Shares of J stock traded down $0.63 during trading hours on Friday, hitting $138.67. 577,800 shares of the company were exchanged, compared to its average volume of 801,944. The company has a 50 day simple moving average of $129.19 and a two-hundred day simple moving average of $127.59. The firm has a market cap of $16.66 billion, a P/E ratio of 38.20, a P/E/G ratio of 1.94 and a beta of 0.77. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 1.50. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week 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 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.02. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. The business had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $3 billion. During the same period last year, the company posted $1.91 earnings per share. The business's quarterly revenue was up 2.2% on a year-over-year basis. Equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Friday, May 23rd. Jacobs Solutions's dividend payout ratio (DPR) is currently 35.26%.

About Jacobs Solutions

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.