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Jacobs Solutions Inc. (NYSE:J) Stake Lessened by Massachusetts Financial Services Co. MA

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Massachusetts Financial Services Co. MA lowered its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 6.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,686,357 shares of the company's stock after selling 122,850 shares during the period. Massachusetts Financial Services Co. MA owned 1.38% of Jacobs Solutions worth $203,864,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. National Bank of Canada FI raised its position in Jacobs Solutions by 956.8% during the 4th quarter. National Bank of Canada FI now owns 264,824 shares of the company's stock worth $35,386,000 after buying an additional 239,764 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Jacobs Solutions by 21.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,894 shares of the company's stock worth $1,684,000 after buying an additional 2,457 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Jacobs Solutions by 2.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company's stock worth $15,379,000 after buying an additional 3,451 shares during the last quarter. Gibraltar Capital Management Inc. raised its position in Jacobs Solutions by 13.9% during the 1st quarter. Gibraltar Capital Management Inc. now owns 56,003 shares of the company's stock worth $6,770,000 after buying an additional 6,824 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its position in Jacobs Solutions by 12.7% during the 1st quarter. DAVENPORT & Co LLC now owns 19,776 shares of the company's stock worth $2,391,000 after buying an additional 2,222 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Citigroup cut their price target on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a report on Friday, April 25th. UBS Group cut 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. Royal Bank Of Canada increased their price target on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. KeyCorp upgraded shares of Jacobs Solutions from a "sector weight" rating to an "overweight" rating and set a $155.00 price target for the company in a report on Wednesday. Finally, Truist Financial increased their price target on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $151.38.

Check Out Our Latest Stock Analysis on Jacobs Solutions

Jacobs Solutions Price Performance

NYSE:J traded down $0.60 during mid-day trading on Friday, hitting $138.70. 109,494 shares of the company's stock traded hands, compared to its average volume of 800,114. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $156.31. The company has a market cap of $16.67 billion, a PE ratio of 38.21, a price-to-earnings-growth ratio of 1.94 and a beta of 0.77. The firm's 50 day simple moving average is $129.19 and its 200 day simple moving average is $127.59. 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 (NYSE:J - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $3 billion. During the same period last year, the company earned $1.91 EPS. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. Sell-side analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently declared 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 0.92%. Jacobs Solutions's dividend payout ratio (DPR) is 35.26%.

Jacobs Solutions Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Jacobs Solutions (NYSE:J)

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