Jacobs Solutions Inc. (NYSE:J) Stock Holdings Lowered by Lbp Am Sa

LBP AM SA lessened its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 60.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,509 shares of the company's stock after selling 11,430 shares during the quarter. LBP AM SA's holdings in Jacobs Solutions were worth $908,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of J. Colonial Trust Co SC raised its position in 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 during the last quarter. Avalon Trust Co purchased a new stake in Jacobs Solutions in the 4th quarter valued at $33,000. Rossby Financial LCC purchased a new stake in Jacobs Solutions in the 1st quarter valued at $33,000. Larson Financial Group LLC raised its position in Jacobs Solutions by 71.9% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after purchasing an additional 115 shares during the last quarter. Finally, Assetmark Inc. raised its position 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 purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Down 0.8%

Shares of NYSE J traded down $1.04 during trading on Friday, reaching $135.17. 527,896 shares of the stock were exchanged, compared to its average volume of 800,334. The business's 50-day moving average price is $128.02 and its 200 day moving average price is $127.55. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $156.31. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $16.24 billion, a price-to-earnings ratio of 37.24, a price-to-earnings-growth ratio of 1.92 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $3 billion. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. The business's revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.91 earnings per share. As a group, equities analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.32 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.28 annualized dividend and a yield of 0.95%. Jacobs Solutions's payout ratio is 35.26%.

Analysts Set New Price Targets

Several research firms recently commented on J. Royal Bank Of Canada upped 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. Truist Financial boosted their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research note on Monday, May 12th. Citigroup dropped their price objective on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, UBS Group dropped their price objective on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $150.86.

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.