Pathstone Holdings LLC Sells 9,006 Shares of Jacobs Solutions Inc. (NYSE:J)

Pathstone Holdings LLC reduced its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 41.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,767 shares of the company's stock after selling 9,006 shares during the period. Pathstone Holdings LLC's holdings in Jacobs Solutions were worth $1,671,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in J. Boston Partners raised its holdings in shares of Jacobs Solutions by 27.9% during the first quarter. Boston Partners now owns 3,697,086 shares of the company's stock valued at $567,436,000 after purchasing an additional 805,657 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Jacobs Solutions by 5,170.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company's stock valued at $58,550,000 after buying an additional 411,123 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Jacobs Solutions by 6.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company's stock valued at $464,736,000 after buying an additional 192,166 shares during the period. Westwood Holdings Group Inc. lifted its holdings in shares of Jacobs Solutions by 7,306.2% during the 1st quarter. Westwood Holdings Group Inc. now owns 138,051 shares of the company's stock valued at $21,223,000 after buying an additional 136,187 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Jacobs Solutions by 11.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company's stock worth $169,366,000 after buying an additional 127,605 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on J shares. Robert W. Baird boosted their target price on shares of Jacobs Solutions from $147.00 to $149.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. UBS Group upped their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th. 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 report on Friday, October 4th. Truist Financial cut their price target on Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating for the company in a report on Wednesday, October 9th. Finally, Citigroup decreased their price objective on Jacobs Solutions from $166.00 to $161.00 and set a "buy" rating on the stock in a research note on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $156.50.

Jacobs Solutions Price Performance

NYSE J traded up $0.52 during trading hours on Thursday, reaching $141.21. The company's stock had a trading volume of 711,701 shares, compared to its average volume of 809,241. The company has a quick ratio of 1.14, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. Jacobs Solutions Inc. has a 1 year low of $101.64 and a 1 year high of $150.54. The firm's 50-day moving average price is $141.83 and its 200-day moving average price is $142.31. The company has a market capitalization of $17.55 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 2.10 and a beta of 0.71.

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

Jacobs Solutions Announces Dividend

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

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.