ZWJ Investment Counsel Inc. Decreases Position in Jacobs Solutions Inc. (NYSE:J)

ZWJ Investment Counsel Inc. lessened its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 238,361 shares of the company's stock after selling 7,134 shares during the quarter. ZWJ Investment Counsel Inc. owned 0.19% of Jacobs Solutions worth $28,815,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. National Bank of Canada FI grew its holdings in Jacobs Solutions by 956.8% during the fourth quarter. National Bank of Canada FI now owns 264,824 shares of the company's stock valued at $35,386,000 after purchasing an additional 239,764 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Jacobs Solutions by 2.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company's stock valued at $15,379,000 after purchasing an additional 3,451 shares during the period. Evergreen Capital Management LLC grew its holdings in Jacobs Solutions by 5.5% during the fourth quarter. Evergreen Capital Management LLC now owns 69,123 shares of the company's stock valued at $9,236,000 after purchasing an additional 3,609 shares during the period. Exchange Traded Concepts LLC grew its holdings in Jacobs Solutions by 156.4% during the first quarter. Exchange Traded Concepts LLC now owns 44,354 shares of the company's stock valued at $5,362,000 after purchasing an additional 27,055 shares during the period. Finally, Two Sigma Investments LP grew its holdings in Jacobs Solutions by 44.5% during the fourth quarter. Two Sigma Investments LP now owns 458,562 shares of the company's stock valued at $61,273,000 after purchasing an additional 141,162 shares during the period. Hedge funds and other institutional investors own 85.65% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Citigroup cut their price target on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a report on Friday, April 25th. Truist Financial upped their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research note on Monday, May 12th. 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 research note on Wednesday, May 7th. Finally, UBS Group dropped their price objective on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $150.86.

Jacobs Solutions Price Performance

Jacobs Solutions stock traded up $0.60 during midday trading on Thursday, reaching $132.61. 330,494 shares of the stock traded hands, compared to its average volume of 798,935. The stock's fifty day moving average is $126.61 and its 200-day moving average is $127.61. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $156.31. The stock has a market cap of $15.93 billion, a P/E ratio of 21.68, a PEG ratio of 1.86 and a beta of 0.77. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.68.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $3 billion. During the same period in the prior year, the company earned $1.91 earnings per share. The firm's revenue was up 2.2% on a year-over-year basis. As a group, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Friday, May 23rd. Jacobs Solutions's payout ratio is presently 35.26%.

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.