Sumitomo Mitsui Trust Group Inc. Cuts Position in Jacobs Solutions Inc. (NYSE:J)

Sumitomo Mitsui Trust Group Inc. decreased its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 1.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 317,166 shares of the company's stock after selling 5,310 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.26% of Jacobs Solutions worth $38,342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Orion Portfolio Solutions LLC boosted its stake in shares of Jacobs Solutions by 0.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company's stock worth $1,471,000 after buying an additional 83 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Jacobs Solutions by 5.3% during the fourth quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock worth $231,000 after purchasing an additional 87 shares during the period. Evoke Wealth LLC grew its holdings in shares of Jacobs Solutions by 0.7% during the 4th quarter. Evoke Wealth LLC now owns 12,385 shares of the company's stock worth $1,655,000 after purchasing an additional 88 shares in the last quarter. Assetmark Inc. increased its holdings in Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after buying an additional 100 shares during the period. Finally, Larson Financial Group LLC raised its position in Jacobs Solutions by 71.9% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after purchasing an additional 115 shares in the last quarter. Institutional investors own 85.65% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on J. Truist Financial lifted their target price on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a report on Monday, May 12th. Citigroup decreased their price objective on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a report on Friday, April 25th. Royal Bank Of Canada raised their price target on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, UBS Group cut their price target on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $150.86.

Jacobs Solutions Stock Performance

NYSE:J traded up $0.84 during trading hours on Thursday, reaching $132.85. The company had a trading volume of 59,121 shares, compared to its average volume of 796,795. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $156.31. The firm's 50 day moving average price is $126.61 and its 200-day moving average price is $127.61. 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 firm has a market cap of $15.96 billion, a price-to-earnings ratio of 36.53, a PEG ratio of 1.86 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data 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. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. The firm had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $3 billion. During the same period in the prior year, the company posted $1.91 earnings per share. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were given a dividend of $0.32 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 0.96%. Jacobs Solutions's dividend payout ratio (DPR) is presently 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.