Nisa Investment Advisors LLC Sells 3,480 Shares of Jacobs Solutions Inc. (NYSE:J)

Nisa Investment Advisors LLC lessened its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 9.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,626 shares of the company's stock after selling 3,480 shares during the period. Nisa Investment Advisors LLC's holdings in Jacobs Solutions were worth $3,944,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in J. Kovitz Investment Group Partners LLC lifted its position in Jacobs Solutions by 345.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock valued at $619,676,000 after acquiring an additional 3,597,564 shares during the period. Lazard Asset Management LLC lifted its position in Jacobs Solutions by 933.6% during the 4th quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock valued at $281,808,000 after acquiring an additional 1,904,988 shares during the period. Deutsche Bank AG lifted its position in Jacobs Solutions by 148.2% during the 4th quarter. Deutsche Bank AG now owns 664,564 shares of the company's stock valued at $88,799,000 after acquiring an additional 396,759 shares during the period. Vontobel Holding Ltd. lifted its position in Jacobs Solutions by 639.3% during the 1st quarter. Vontobel Holding Ltd. now owns 342,251 shares of the company's stock valued at $41,375,000 after acquiring an additional 295,957 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in Jacobs Solutions by 40.3% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,007,612 shares of the company's stock valued at $134,637,000 after acquiring an additional 289,573 shares during the period. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Price Performance

Shares of J stock traded down $1.04 during mid-day trading on Friday, hitting $135.17. The company had a trading volume of 527,896 shares, compared to its average volume of 801,149. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $156.31. The stock's 50 day moving average price is $128.02 and its 200-day moving average price is $127.49. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.50 and a quick ratio of 1.50. The company has a market capitalization of $16.24 billion, a P/E ratio of 37.24, a P/E/G ratio of 1.90 and a beta of 0.77.

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, beating analysts' consensus estimates of $1.41 by $0.02. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $3 billion. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. Jacobs Solutions's revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.91 earnings per share. Equities research analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on J. Royal Bank Of Canada boosted their price objective 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. UBS Group decreased their price objective 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. 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 report on Monday, May 12th. Finally, Citigroup decreased their price objective 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. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $150.86.

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.