Wellington Management Group LLP Sells 16,569 Shares of Jacobs Solutions Inc. $J

Key Points

• Wellington Management Group LLP has reduced its stake in Jacobs Solutions Inc. by 5.8%, selling 16,569 shares, resulting in its ownership of approximately 267,678 shares valued at $32.36 million.
• Several institutional investors have also adjusted their positions, with notable increases from firms like Benjamin Edwards Inc. and Avidian Wealth Enterprises LLC during the last quarter.
• Wall Street analysts are optimistic about Jacobs Solutions, with multiple upgrades to price targets and an average rating of "Moderate Buy," reflecting confidence in the company's future performance.

Wellington Management Group LLP cut its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 5.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 267,678 shares of the company's stock after selling 16,569 shares during the period. Wellington Management Group LLP owned 0.22% of Jacobs Solutions worth $32,360,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Colonial Trust Co SC lifted its holdings in Jacobs Solutions by 10,250.0% in the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after purchasing an additional 205 shares in the last quarter. Rossby Financial LCC purchased a new position in Jacobs Solutions in the 1st quarter worth approximately $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 purchasing 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 purchasing an additional 190 shares in the last quarter. Finally, Catalyst Capital Advisors LLC lifted its holdings in Jacobs Solutions by 45.2% in the 1st quarter. Catalyst Capital Advisors LLC now owns 527 shares of the company's stock worth $64,000 after purchasing an additional 164 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Jacobs Solutions Trading Down 1.0%

Shares of NYSE J traded down $1.42 during trading hours on Thursday, hitting $146.94. 426,091 shares of the company traded hands, compared to its average volume of 815,154. The stock has a market capitalization of $17.56 billion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 2.01 and a beta of 0.79. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The company's 50 day moving average price is $139.72 and its 200 day moving average price is $129.36. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $152.40.

Jacobs Solutions (NYSE:J - Get Free Report) last released its 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 the consensus estimate of $3.09 billion. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The company's revenue for the quarter was down 28.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be given 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 31.92%.

Jacobs Solutions Company 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.