TD Private Client Wealth LLC Sells 5,000 Shares of Jacobs Solutions Inc. (NYSE:J)

TD Private Client Wealth LLC reduced its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 47.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,578 shares of the company's stock after selling 5,000 shares during the period. TD Private Client Wealth LLC's holdings in Jacobs Solutions were worth $730,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of J. Toronto Dominion Bank raised its position in Jacobs Solutions by 14.5% during the third quarter. Toronto Dominion Bank now owns 62,721 shares of the company's stock valued at $8,210,000 after acquiring an additional 7,943 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Jacobs Solutions during the 3rd quarter valued at $2,402,000. Coldstream Capital Management Inc. raised its holdings in shares of Jacobs Solutions by 19.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,464 shares of the company's stock valued at $324,000 after purchasing an additional 409 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Jacobs Solutions by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,145,665 shares of the company's stock valued at $410,444,000 after purchasing an additional 73,566 shares during the last quarter. Finally, Greenwood Gearhart Inc. boosted its holdings in Jacobs Solutions by 8.7% in the third quarter. Greenwood Gearhart Inc. now owns 60,774 shares of the company's stock worth $7,956,000 after purchasing an additional 4,879 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Truist Financial reduced their price target on Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating for the company in a research report on Wednesday, October 9th. Royal Bank of Canada restated an "outperform" rating and issued a $152.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Robert W. Baird increased their price target on Jacobs Solutions from $147.00 to $149.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Benchmark downgraded shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Finally, Raymond James upgraded shares of Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 target price on the stock in a research note on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $155.78.

Jacobs Solutions Stock Performance

Shares of NYSE:J traded up $0.97 on Friday, hitting $136.99. 699,831 shares of the company were exchanged, compared to its average volume of 807,320. The company's 50 day moving average price is $140.16 and its two-hundred day moving average price is $142.25. The firm has a market capitalization of $16.99 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 2.04 and a beta of 0.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20. Jacobs Solutions Inc. has a one year low of $104.90 and a one year high of $150.54.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter in the prior year, the firm earned $1.90 earnings per share. The company's revenue was up 4.4% on a year-over-year basis. Research analysts expect 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. Shareholders of record on Friday, October 25th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 0.85%. 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.