Northwestern Mutual Wealth Management Co. Sells 5,479 Shares of Jacobs Solutions Inc. $J

Key Points

• Northwestern Mutual Wealth Management Co. reduced its stake in Jacobs Solutions Inc. by 22.6%, selling 5,479 shares and leaving it with 18,727 shares worth approximately $2.26 million.
• Several other institutional investors significantly increased their holdings, including Colonial Trust Co SC, which raised its stake by 10,250% in the last quarter.
• Analysts have set an average price target of $155.25 for Jacobs Solutions, with a consensus rating of "Moderate Buy" from multiple investment analysts.

Northwestern Mutual Wealth Management Co. reduced its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 22.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,727 shares of the company's stock after selling 5,479 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Jacobs Solutions were worth $2,264,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Colonial Trust Co SC increased its holdings in Jacobs Solutions by 10,250.0% in the fourth 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 purchased a new position in Jacobs Solutions in the first quarter valued at about $33,000. Whipplewood Advisors LLC grew its position in shares of Jacobs Solutions by 1,685.7% in the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock valued at $45,000 after purchasing an additional 354 shares during the last quarter. Colonial Trust Advisors acquired a new stake in shares of Jacobs Solutions in the first quarter valued at approximately $51,000. Finally, Catalyst Capital Advisors LLC grew its position in shares of Jacobs Solutions by 45.2% in the first quarter. Catalyst Capital Advisors LLC now owns 527 shares of the company's stock valued at $64,000 after purchasing an additional 164 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

J has been the topic of several research reports. UBS Group increased their price target on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Citigroup increased their price target on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Royal Bank Of Canada raised their target price on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Truist Financial upped their price target on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. Finally, KeyCorp upped their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $155.25.

Jacobs Solutions Trading Down 1.3%

Shares of NYSE:J traded down $1.85 during mid-day trading on Wednesday, hitting $143.38. The stock had a trading volume of 216,148 shares, compared to its average volume of 807,573. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market cap of $17.14 billion, a PE ratio of 35.73, a P/E/G ratio of 1.99 and a beta of 0.79. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $152.40. The company's 50 day moving average is $141.17 and its 200-day moving average is $129.76.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.56 by $0.06. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the business posted $1.96 EPS. Jacobs Solutions's quarterly revenue was down 28.4% on a year-over-year basis. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 22nd. Jacobs Solutions's dividend payout ratio (DPR) is presently 31.92%.

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.