Citigroup Inc. Sells 117,646 Shares of Jacobs Solutions Inc. (NYSE:J)

Citigroup Inc. cut its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 44.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 149,653 shares of the company's stock after selling 117,646 shares during the period. Citigroup Inc. owned approximately 0.12% of Jacobs Solutions worth $19,590,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Boston Partners grew its stake in shares of Jacobs Solutions by 27.9% in the first quarter. Boston Partners now owns 3,697,086 shares of the company's stock worth $567,436,000 after acquiring an additional 805,657 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Jacobs Solutions by 6.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company's stock worth $464,736,000 after acquiring an additional 192,166 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Jacobs Solutions by 11.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company's stock worth $169,366,000 after acquiring an additional 127,605 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Jacobs Solutions by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 760,516 shares of the company's stock worth $99,552,000 after acquiring an additional 14,405 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Jacobs Solutions by 12.0% in the second quarter. American Century Companies Inc. now owns 632,868 shares of the company's stock worth $88,418,000 after acquiring an additional 67,821 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

Shares of J stock traded up $0.43 during mid-day trading on Wednesday, hitting $141.12. The company had a trading volume of 711,674 shares, compared to its average volume of 809,241. Jacobs Solutions Inc. has a 52-week low of $101.64 and a 52-week high of $150.54. The stock's 50 day moving average price is $141.83 and its 200-day moving average price is $142.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.14. The company has a market capitalization of $17.53 billion, a P/E ratio of 22.29, a P/E/G ratio of 2.10 and a beta of 0.71.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.71). The company had revenue of $2.96 billion during the quarter, compared to analysts' expectations of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. Jacobs Solutions's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $1.90 EPS. Equities research analysts forecast that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Friday, October 25th. Jacobs Solutions's payout ratio is 18.33%.

Analyst Upgrades and Downgrades

J has been the subject of a number of research analyst reports. Raymond James upgraded shares of Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price target for the company in a research note on Friday, October 4th. UBS Group boosted their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th. StockNews.com began coverage on shares of Jacobs Solutions in a research report on Tuesday. They set a "buy" rating for the company. Citigroup cut their target price on shares of 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, Royal Bank of Canada cut their target price on shares of Jacobs Solutions from $167.00 to $152.00 and set an "outperform" rating for the company in a research report on Thursday, November 21st. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $156.50.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the business's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total transaction of $286,313.30. Following the transaction, the director now owns 42,069 shares in the company, valued at $6,346,108.65. The trade was a 4.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of the business's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the transaction, the executive vice president now owns 24,564 shares in the company, valued at $3,688,038.96. This trade represents a 14.50 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

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.