Mizuho Securities USA LLC Sells 1,964 Shares of Jacobs Solutions Inc. (NYSE:J)

Key Points

• Mizuho Securities USA LLC reduced its stake in Jacobs Solutions Inc. by 16.7%, owning 9,812 shares worth approximately $1.186 million after selling 1,964 shares.
• Multiple research firms have adjusted their price targets for Jacobs Solutions, with UBS Group increasing it to $166.00 while maintaining a "buy" rating.
• The company reported $1.62 earnings per share (EPS) for the most recent quarter, exceeding analysts' estimates, but experienced a 28.4% year-over-year revenue decline.

Mizuho Securities USA LLC decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 16.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 9,812 shares of the company's stock after selling 1,964 shares during the period. Mizuho Securities USA LLC's holdings in Jacobs Solutions were worth $1,186,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Colonial Trust Co SC increased its position 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 buying an additional 205 shares in the last quarter. Rossby Financial LCC bought a new stake in shares of Jacobs Solutions in the 1st quarter valued at $33,000. Whipplewood Advisors LLC increased its position in shares of Jacobs Solutions by 1,685.7% in the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock valued at $45,000 after buying an additional 354 shares in the last quarter. Optiver Holding B.V. boosted its stake in Jacobs Solutions by 113.8% in the 4th quarter. Optiver Holding B.V. now owns 357 shares of the company's stock worth $48,000 after purchasing an additional 190 shares during the period. Finally, Transce3nd LLC acquired a new position in Jacobs Solutions in the 4th quarter worth $53,000. Institutional investors own 85.65% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada upped their target price on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. KeyCorp upped their target price on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. UBS Group upped their target price on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. 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 note on Monday, May 12th. Finally, Citigroup upped their target price on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $155.25.

Jacobs Solutions Stock Performance

Jacobs Solutions stock traded down $0.22 during trading hours on Friday, hitting $148.11. The company had a trading volume of 626,284 shares, compared to its average volume of 726,404. The firm has a market cap of $17.71 billion, a PE ratio of 36.94, a PEG ratio of 2.01 and a beta of 0.79. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $152.40. The firm has a 50-day moving average of $136.52 and a 200 day moving average of $128.67.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.06. The firm had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.09 billion. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The business's revenue was down 28.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.96 EPS. On average, sell-side analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 22nd. Jacobs Solutions's dividend payout ratio is currently 31.92%.

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.