Zurcher Kantonalbank Zurich Cantonalbank lowered its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 25.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,096 shares of the company's stock after selling 28,680 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.07% of Jacobs Solutions worth $10,746,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. EdgeRock Capital LLC purchased a new position in shares of Jacobs Solutions during the 2nd quarter worth $26,000. Bruce G. Allen Investments LLC increased its holdings in shares of 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 buying an additional 171 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of Jacobs Solutions by 44.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock valued at $32,000 after buying an additional 74 shares during the period. Capital Performance Advisors LLP acquired a new position in Jacobs Solutions in the third quarter valued at approximately $42,000. Finally, GAMMA Investing LLC increased its stake in Jacobs Solutions by 55.8% during the third quarter. GAMMA Investing LLC now owns 405 shares of the company's stock worth $53,000 after acquiring an additional 145 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
J has been the subject of several research reports. Robert W. Baird lifted their target price on shares of Jacobs Solutions from $147.00 to $149.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Citigroup cut their price target on shares of Jacobs Solutions from $166.00 to $161.00 and set a "buy" rating on the stock in a research note on Wednesday, November 20th. Truist Financial dropped their price objective on shares of Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating for the company in a report on Wednesday, October 9th. StockNews.com initiated coverage on shares of Jacobs Solutions in a research note on Tuesday, November 26th. They issued a "buy" rating for the company. Finally, UBS Group lifted their target price on Jacobs Solutions from $161.00 to $165.00 and gave the company a "buy" rating in a report on Wednesday, August 14th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $156.50.
Read Our Latest Stock Analysis on Jacobs Solutions
Jacobs Solutions Trading Up 0.0 %
J traded up $0.02 during midday trading on Friday, hitting $141.23. The company's stock had a trading volume of 1,002,617 shares, compared to its average volume of 834,728. Jacobs Solutions Inc. has a 52-week low of $104.90 and a 52-week high of $150.54. The firm has a 50-day moving average price of $141.51 and a two-hundred day moving average price of $142.36. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30. The firm has a market cap of $17.51 billion, a P/E ratio of 22.31, a PEG ratio of 2.13 and a beta of 0.71.
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). The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The business's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.90 earnings per share. On average, research analysts anticipate that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.
Jacobs Solutions Dividend Announcement
The business 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 dividend on an annualized basis and a dividend yield of 0.82%. Jacobs Solutions's dividend payout ratio (DPR) is presently 18.33%.
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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