Schechter Investment Advisors LLC Sells 2,830 Shares of Jacobs Solutions Inc. (NYSE:J)

Schechter Investment Advisors LLC lowered its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 34.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,390 shares of the company's stock after selling 2,830 shares during the quarter. Schechter Investment Advisors LLC's holdings in Jacobs Solutions were worth $652,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC raised its position in Jacobs Solutions by 19.8% in the 4th quarter. Proficio Capital Partners LLC now owns 3,359 shares of the company's stock valued at $449,000 after purchasing an additional 556 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Jacobs Solutions in the 4th quarter valued at $211,000. Farther Finance Advisors LLC grew its stake in shares of Jacobs Solutions by 14.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,580 shares of the company's stock worth $345,000 after purchasing an additional 329 shares during the period. Avantax Advisory Services Inc. grew its stake in shares of Jacobs Solutions by 9.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 8,738 shares of the company's stock worth $1,168,000 after purchasing an additional 748 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in shares of Jacobs Solutions by 5.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 84,039 shares of the company's stock worth $11,229,000 after purchasing an additional 4,122 shares during the period. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock traded down $0.91 on Friday, hitting $138.39. The stock had a trading volume of 222,520 shares, compared to its average volume of 800,583. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $156.31. The business's 50 day moving average is $129.19 and its two-hundred day moving average is $127.59. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.68. The stock has a market cap of $16.63 billion, a price-to-earnings ratio of 38.18, a price-to-earnings-growth ratio of 1.94 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.02. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $3 billion. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. The firm's quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.91 earnings per share. Analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, May 23rd. Jacobs Solutions's dividend payout ratio is presently 35.26%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on J shares. Royal Bank Of Canada boosted their target price on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. UBS Group cut their price target on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Citigroup cut their price target on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Truist Financial boosted 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. Finally, KeyCorp upgraded Jacobs Solutions from a "sector weight" rating to an "overweight" rating and set a $155.00 price target on the stock in a report on Wednesday. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $151.38.

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.