Bank of Montreal Can lessened its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 569,110 shares of the company's stock after selling 18,510 shares during the quarter. Bank of Montreal Can owned about 0.46% of Jacobs Solutions worth $74,496,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the stock. EdgeRock Capital LLC acquired a new stake in Jacobs Solutions in the 2nd quarter worth about $26,000. Bruce G. Allen Investments LLC increased its holdings in Jacobs Solutions by 427.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company's stock worth $29,000 after purchasing an additional 171 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock worth $32,000 after acquiring an additional 74 shares in the last quarter. LRI Investments LLC acquired a new position in shares of Jacobs Solutions in the 1st quarter worth approximately $48,000. Finally, Capital Performance Advisors LLP acquired a new position in Jacobs Solutions during the 3rd quarter valued at approximately $42,000. Hedge funds and other institutional investors own 85.65% of the company's stock.
Jacobs Solutions Price Performance
Shares of J traded up $0.43 during trading hours on Wednesday, reaching $141.12. The stock had a trading volume of 711,674 shares, compared to its average volume of 809,241. Jacobs Solutions Inc. has a 12 month low of $101.64 and a 12 month high of $150.54. The stock has a market capitalization of $17.53 billion, a PE ratio of 22.29, a PEG ratio of 2.10 and a beta of 0.71. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.14 and a current ratio of 1.20. The company's 50-day moving average is $141.83 and its two-hundred day moving average is $142.31.
Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter in the prior year, the firm earned $1.90 EPS. The business's revenue was up 4.4% compared to the same quarter last year. Research analysts expect that Jacobs Solutions Inc. will post 6.06 EPS for the current year.
Jacobs Solutions Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were paid a $0.29 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.82%. Jacobs Solutions's payout ratio is 18.33%.
Analyst Ratings Changes
J has been the subject of a number of recent analyst reports. Benchmark lowered shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Raymond James raised Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 target price on the stock in a research report on Friday, October 4th. UBS Group increased their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the company a "buy" rating in a report on Wednesday, August 14th. Citigroup reduced their price objective on Jacobs Solutions from $166.00 to $161.00 and set a "buy" rating for the company in a research report on Wednesday, November 20th. Finally, Robert W. Baird raised their price target on Jacobs Solutions from $147.00 to $149.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $156.50.
Get Our Latest Analysis on J
Insider Buying and Selling at Jacobs Solutions
In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 4,167 shares of the company's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value of $625,633.38. Following the completion of the transaction, the executive vice president now directly owns 24,564 shares in the company, valued at approximately $3,688,038.96. This represents a 14.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher M.T. Thompson sold 1,898 shares of the firm's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the transaction, the director now directly owns 42,069 shares of the company's stock, valued at $6,346,108.65. This represents a 4.32 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.
Jacobs Solutions Profile
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Free Report)
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.
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