Sumitomo Mitsui Trust Holdings Inc. Has $47.73 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

Sumitomo Mitsui Trust Holdings Inc. lowered its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 367,697 shares of the company's stock after selling 7,844 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.29% of Jacobs Solutions worth $47,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in J. First Pacific Financial acquired a new position in shares of Jacobs Solutions during the fourth quarter worth $27,000. Clear Street Markets LLC grew its stake in shares of Jacobs Solutions by 93.8% during the first quarter. Clear Street Markets LLC now owns 250 shares of the company's stock worth $29,000 after acquiring an additional 121 shares during the last quarter. Park Place Capital Corp raised its holdings in shares of Jacobs Solutions by 473.9% in the third quarter. Park Place Capital Corp now owns 264 shares of the company's stock worth $36,000 after buying an additional 218 shares during the last quarter. Money Concepts Capital Corp acquired a new stake in shares of Jacobs Solutions during the fourth quarter worth $46,000. Finally, Quarry LP grew its holdings in shares of Jacobs Solutions by 78.9% during the first quarter. Quarry LP now owns 442 shares of the company's stock valued at $52,000 after buying an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Up 0.2 %

Shares of J stock traded up $0.33 during trading on Friday, reaching $143.83. The company's stock had a trading volume of 382,757 shares, compared to its average volume of 500,067. Jacobs Solutions Inc. has a 1-year low of $109.00 and a 1-year high of $154.50. The stock's 50-day moving average price is $147.62 and its 200 day moving average price is $137.64. The company has a market capitalization of $18.07 billion, a price-to-earnings ratio of 25.68, a P/E/G ratio of 1.52 and a beta of 0.73. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.37.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.56 by $0.46. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same period last year, the business posted $1.67 earnings per share. Jacobs Solutions's revenue was up 10.6% compared to the same quarter last year. On average, research analysts anticipate that Jacobs Solutions Inc. will post 8.07 EPS for the current year.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were given a dividend of $0.29 per share. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Thursday, February 22nd. Jacobs Solutions's payout ratio is 20.71%.

Analyst Upgrades and Downgrades

J has been the subject of several research reports. Truist Financial started coverage on shares of Jacobs Solutions in a research note on Thursday, March 14th. They set a "hold" rating and a $154.00 price objective for the company. Argus lifted their target price on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a "buy" rating in a research report on Thursday, March 14th. Bank of America lifted their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the stock a "neutral" rating in a report on Tuesday, April 2nd. KeyCorp assumed coverage on shares of Jacobs Solutions in a research note on Wednesday, January 10th. They set a "sector weight" rating on the stock. Finally, Royal Bank of Canada increased their price target on Jacobs Solutions from $151.00 to $161.00 and gave the company an "outperform" rating in a report on Wednesday, February 7th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $154.08.

Insider Buying and Selling

In other news, EVP Shelette M. Gustafson sold 1,852 shares of the company's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $148.00, for a total transaction of $274,096.00. Following the completion of the transaction, the executive vice president now directly owns 28,791 shares of the company's stock, valued at approximately $4,261,068. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Shelette M. Gustafson sold 1,852 shares of the business's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $148.00, for a total transaction of $274,096.00. Following the completion of the sale, the executive vice president now owns 28,791 shares in the company, valued at approximately $4,261,068. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven J. Demetriou sold 7,000 shares of the company's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the completion of the transaction, the insider now owns 555,138 shares of the company's stock, valued at approximately $85,047,141.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,838 shares of company stock worth $2,393,710. Corporate insiders own 1.00% of the company's stock.

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.