Segall Bryant & Hamill LLC Reduces Holdings in Jacobs Solutions Inc. (NYSE:J)

Segall Bryant & Hamill LLC lowered its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,822 shares of the company's stock after selling 6,361 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.10% of Jacobs Solutions worth $15,946,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. boosted its stake in shares of Jacobs Solutions by 32.1% during the second quarter. Sei Investments Co. now owns 271,760 shares of the company's stock valued at $37,968,000 after purchasing an additional 66,002 shares during the period. Aigen Investment Management LP purchased a new position in shares of Jacobs Solutions during the third quarter worth approximately $709,000. UniSuper Management Pty Ltd raised its stake in shares of Jacobs Solutions by 448.6% during the first quarter. UniSuper Management Pty Ltd now owns 7,801 shares of the company's stock valued at $1,199,000 after acquiring an additional 6,379 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Jacobs Solutions by 6.8% in the third quarter. Asset Management One Co. Ltd. now owns 76,308 shares of the company's stock valued at $9,989,000 after purchasing an additional 4,858 shares during the period. Finally, MBB Public Markets I LLC bought a new position in Jacobs Solutions in the second quarter worth approximately $1,302,000. Institutional investors own 85.65% of the company's stock.

Insider Buying and Selling at Jacobs Solutions

In related news, EVP Shelette M. Gustafson sold 4,167 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total transaction of $625,633.38. Following the completion of the sale, the executive vice president now directly owns 24,564 shares in the company, valued at approximately $3,688,038.96. The trade was a 14.50 % decrease in their ownership of the stock. 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 stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.85, for a total transaction of $286,313.30. Following the completion of the sale, the director now owns 42,069 shares of the company's stock, valued at approximately $6,346,108.65. The trade was a 4.32 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Jacobs Solutions Stock Down 0.8 %

Jacobs Solutions stock opened at $132.45 on Thursday. Jacobs Solutions Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $150.54. The business's 50-day simple moving average is $142.38 and its two-hundred day simple moving average is $142.41. 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 has a market cap of $16.46 billion, a PE ratio of 20.92, a PEG ratio of 2.04 and a beta of 0.71.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly 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 business had revenue of $2.96 billion during the quarter, compared to analysts' expectations of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. Jacobs Solutions's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.90 earnings per share. Equities analysts anticipate that Jacobs Solutions Inc. will post 6 EPS for the current year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions's dividend payout ratio (DPR) is presently 18.33%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on J. Benchmark downgraded Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday. Truist Financial cut their target price on shares of Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating on the stock in a research report on Wednesday, October 9th. Citigroup lowered their price target 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. Robert W. Baird boosted their target price on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Raymond James upgraded shares of Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 target price for the company in a research note on Friday, October 4th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $157.70.

About Jacobs Solutions

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.