Union Bancaire Privee UBP SA Sells 5,378 Shares of Jacobs Solutions Inc. (NYSE:J)

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

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Colonial Trust Co SC boosted its stake 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 purchasing an additional 205 shares in the last quarter. Avalon Trust Co bought a new position in Jacobs Solutions during the 4th quarter valued at about $33,000. Larson Financial Group LLC boosted its position in Jacobs Solutions by 71.9% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after buying an additional 115 shares in the last quarter. Assetmark Inc. boosted its position in Jacobs Solutions by 42.7% in the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after buying an additional 100 shares in the last quarter. Finally, Whipplewood Advisors LLC grew its stake in Jacobs Solutions by 1,685.7% during the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock worth $45,000 after buying an additional 354 shares during the last quarter. Institutional investors own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Citigroup cut their price target 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 objective 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. Truist Financial upped their target price 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. Finally, 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. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $150.86.

Jacobs Solutions Trading Down 1.4%

Shares of NYSE J traded down $1.85 during midday trading on Friday, reaching $125.76. 496,744 shares of the stock were exchanged, compared to its average volume of 804,856. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $156.31. The company has a market capitalization of $15.11 billion, a price-to-earnings ratio of 25.93, a P/E/G ratio of 1.84 and a beta of 0.77. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50-day simple moving average of $123.34 and a two-hundred day simple moving average of $128.39.

Jacobs Solutions (NYSE:J - Get Free Report) last released 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 return on equity of 14.87% and a net margin of 4.28%. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter last year, the firm posted $1.91 earnings per share. Jacobs Solutions's revenue was up 2.2% compared to the same quarter last year. As a group, equities research 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 will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions's dividend payout ratio is 35.26%.

Jacobs Solutions Company 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.