Jacobs Solutions Inc. (NYSE:J) Holdings Reduced by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. has reduced its holdings in Jacobs Solutions by 35.8%, now owning 6,899 shares worth approximately $834,000 after selling 3,855 shares.
• Institutional investor activity increased, with firms like Kovitz Investment Group Partners LLC and Lazard Asset Management LLC significantly boosting their stakes in Jacobs Solutions during the fourth quarter.
• Analysts are optimistic about Jacobs Solutions, with several firms raising target prices; currently, the stock has a consensus rating of "Moderate Buy" and a price target of $153.25.

Pacer Advisors Inc. cut its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 35.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,899 shares of the company's stock after selling 3,855 shares during the period. Pacer Advisors Inc.'s holdings in Jacobs Solutions were worth $834,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in J. Colonial Trust Co SC lifted its holdings in shares of Jacobs Solutions by 10,250.0% during the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company's stock valued at $28,000 after acquiring an additional 205 shares in the last quarter. Rossby Financial LCC acquired a new position in Jacobs Solutions in the 1st quarter worth $33,000. Whipplewood Advisors LLC lifted its holdings in Jacobs Solutions by 1,685.7% in the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock worth $45,000 after buying an additional 354 shares in the last quarter. Optiver Holding B.V. lifted its holdings 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 buying an additional 190 shares in the last quarter. Finally, Transce3nd LLC acquired a new position in Jacobs Solutions in the 4th quarter worth $53,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Performance

Shares of NYSE:J traded down $2.63 during trading on Friday, reaching $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 debt-to-equity ratio of 0.68, a current ratio of 1.50 and a quick ratio of 1.50. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $150.54. The company has a 50 day moving average of $132.28 and a 200-day moving average of $128.17. The stock has a market capitalization of $16.73 billion, a P/E ratio of 38.36, a price-to-earnings-growth ratio of 2.00 and a beta of 0.79.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the firm earned $1.91 EPS. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts expect 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. Investors of record on Friday, August 22nd will be given 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 is currently 35.26%.

Analyst Upgrades and Downgrades

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

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.