Jacobs Solutions Inc. (NYSE:J) Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA decreased its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 55.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,278 shares of the company's stock after selling 5,378 shares during the period. Union Bancaire Privee UBP SA's holdings in Jacobs Solutions were worth $487,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of 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 valued at $28,000 after acquiring an additional 205 shares in the last quarter. Avalon Trust Co purchased a new position in shares of Jacobs Solutions during the 4th quarter valued at approximately $33,000. Larson Financial Group LLC grew its position in shares of Jacobs Solutions by 71.9% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company's stock worth $37,000 after buying an additional 115 shares in the last quarter. Assetmark Inc. increased its stake in shares of Jacobs Solutions by 42.7% in the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after buying an additional 100 shares during the last quarter. Finally, Optiver Holding B.V. increased its stake 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 buying an additional 190 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

J has been the topic of a number of research analyst reports. Royal Bank Of Canada increased their price objective on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Truist Financial lifted their price target on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research note on Monday, May 12th. UBS Group cut their price objective on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, Citigroup decreased their target price 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. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $150.86.

Jacobs Solutions Stock Performance

Shares of NYSE J traded down $1.27 during mid-day trading on Tuesday, hitting $128.45. The company had a trading volume of 511,675 shares, compared to its average volume of 805,321. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market cap of $15.43 billion, a price-to-earnings ratio of 35.39, a PEG ratio of 1.82 and a beta of 0.77. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $156.31. The firm's 50 day simple moving average is $123.92 and its two-hundred day simple moving average is $128.14.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $3 billion. During the same period last year, the firm posted $1.91 EPS. Jacobs Solutions's quarterly revenue was up 2.2% compared to the same quarter last year. As a group, equities research analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.00%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions's dividend payout ratio 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.