Baldwin Investment Management LLC Reduces Stake in Jacobs Solutions Inc. (NYSE:J)

Baldwin Investment Management LLC trimmed its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 35.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,920 shares of the company's stock after selling 3,295 shares during the period. Baldwin Investment Management LLC's holdings in Jacobs Solutions were worth $791,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of J. Heritage Family Offices LLP boosted its position in Jacobs Solutions by 55.7% during the fourth quarter. Heritage Family Offices LLP now owns 14,912 shares of the company's stock worth $1,993,000 after purchasing an additional 5,332 shares during the period. Stratos Wealth Partners LTD. raised its holdings in Jacobs Solutions by 1.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company's stock valued at $1,305,000 after acquiring an additional 175 shares during the period. Occidental Asset Management LLC lifted its position in Jacobs Solutions by 11.7% during the fourth quarter. Occidental Asset Management LLC now owns 25,045 shares of the company's stock worth $3,347,000 after acquiring an additional 2,619 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Jacobs Solutions by 12.2% during the third quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company's stock worth $56,778,000 after acquiring an additional 47,211 shares during the period. Finally, National Bank of Canada FI grew its position in shares of Jacobs Solutions by 956.8% in 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 last quarter. 85.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on J. Truist Financial dropped their price objective on shares of Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Citigroup decreased their price target on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Robert W. Baird reduced their price target on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $150.86.

Jacobs Solutions Trading Down 5.6 %

J stock traded down $7.10 during mid-day trading on Tuesday, reaching $119.54. The company's stock had a trading volume of 1,465,198 shares, compared to its average volume of 798,324. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $156.31. The business's 50 day moving average price is $120.70 and its 200 day moving average price is $131.24. The company has a market cap of $14.65 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, hitting analysts' consensus estimates of $1.43. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.91 EPS. On average, equities research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be given a $0.32 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.28 annualized dividend and a yield of 1.07%. Jacobs Solutions's payout ratio is 26.39%.

Jacobs Solutions declared that its board has authorized a stock repurchase program on Tuesday, February 4th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the company to buy up to 9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

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.