Jacobs Solutions Inc. (NYSE:J) Holdings Cut by Mesirow Financial Investment Management Inc.

Key Points

• Mesirow Financial Investment Management Inc. has reduced its stake in Jacobs Solutions by 2.4%, owning approximately 0.15% of the company, valued at $22.04 million.
• Several analysts have increased their price targets for Jacobs Solutions, with Truist Financial raising theirs from $130 to $141, while Citigroup's target rose to $166, maintaining a "buy" rating.
• Jacobs Solutions reported earnings of $1.43 per share, exceeding estimates, and generated $2.91 billion in revenue during its latest quarter, reflecting a year-over-year revenue increase.

Mesirow Financial Investment Management Inc. trimmed its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 2.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 182,334 shares of the company's stock after selling 4,545 shares during the period. Mesirow Financial Investment Management Inc. owned approximately 0.15% of Jacobs Solutions worth $22,042,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Orion Portfolio Solutions LLC increased its holdings in Jacobs Solutions by 0.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company's stock valued at $1,471,000 after purchasing an additional 83 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in Jacobs Solutions by 5.3% in the 4th quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock valued at $231,000 after purchasing an additional 87 shares in the last quarter. Avidian Wealth Enterprises LLC increased its holdings in Jacobs Solutions by 4.3% in the 1st quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company's stock valued at $255,000 after purchasing an additional 87 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in Jacobs Solutions by 2.6% in the 1st quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company's stock valued at $510,000 after purchasing an additional 108 shares in the last quarter. Finally, Ameritas Advisory Services LLC increased its holdings in Jacobs Solutions by 1.5% in the 1st quarter. Ameritas Advisory Services LLC now owns 8,034 shares of the company's stock valued at $989,000 after purchasing an additional 117 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Down 1.9%

Shares of Jacobs Solutions stock traded down $2.63 during trading hours on Friday, hitting $139.24. 1,043,912 shares of the company's stock traded hands, compared to its average volume of 616,574. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.68. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $150.54. The stock has a 50 day simple moving average of $132.01 and a 200-day simple moving average of $128.15. The company has a market cap of $16.73 billion, a PE ratio of 38.36, a PEG ratio of 2.00 and a beta of 0.79.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 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 business had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $3 billion. During the same quarter last year, the company posted $1.91 earnings per share. The company's quarterly revenue was up 2.2% compared to the same quarter last year. Equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. Jacobs Solutions's dividend payout ratio (DPR) is presently 35.26%.

Analysts Set New Price Targets

Several analysts recently issued reports on J shares. Truist Financial increased their price target on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. Royal Bank Of Canada increased their price target on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Citigroup increased their price target on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a report on Monday. UBS Group lowered their target price on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, KeyCorp upgraded Jacobs Solutions from a "sector weight" rating to an "overweight" rating and set a $155.00 target price for the company in a research note on Wednesday, July 16th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Jacobs Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $153.25.

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.