Nomura Asset Management Co. Ltd. Trims Stake in Jacobs Solutions Inc. (NYSE:J)

Nomura Asset Management Co. Ltd. lessened its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 59.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,657 shares of the company's stock after selling 56,500 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Jacobs Solutions were worth $5,060,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of J. Assenagon Asset Management S.A. grew its position in Jacobs Solutions by 3.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,401 shares of the company's stock worth $475,000 after purchasing an additional 119 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Jacobs Solutions by 3,254.5% in the second quarter. Blue Trust Inc. now owns 2,952 shares of the company's stock valued at $454,000 after acquiring an additional 2,864 shares in the last quarter. TCW Group Inc. purchased a new stake in shares of Jacobs Solutions during the second quarter valued at approximately $1,591,000. Raymond James & Associates lifted its holdings in Jacobs Solutions by 0.8% during the second quarter. Raymond James & Associates now owns 109,435 shares of the company's stock worth $15,289,000 after acquiring an additional 873 shares during the period. Finally, Argus Investors Counsel Inc. purchased a new position in Jacobs Solutions in the second quarter worth $452,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Trading Up 0.7 %

Shares of J traded up $0.97 during mid-day trading on Friday, reaching $136.99. The company's stock had a trading volume of 699,831 shares, compared to its average volume of 807,320. Jacobs Solutions Inc. has a 52 week low of $104.90 and a 52 week high of $150.54. The stock has a market cap of $16.99 billion, a PE ratio of 21.64, a P/E/G ratio of 2.04 and a beta of 0.70. The company's fifty day moving average price is $140.16 and its two-hundred day moving average price is $142.25. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data 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%. The firm's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.90 EPS. On average, analysts predict that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Friday, October 25th. Jacobs Solutions's dividend payout ratio (DPR) is 18.33%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on J. Benchmark lowered shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Royal Bank of Canada restated an "outperform" rating and set a $152.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Citigroup decreased their target price 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. Robert W. Baird upped their price target on Jacobs Solutions from $147.00 to $149.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Jacobs Solutions has a consensus rating of "Hold" and an average target price of $155.78.

Jacobs Solutions Company 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.