Jacobs Solutions Inc. (NYSE:J) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC decreased its stake in Jacobs Solutions Inc. (NYSE:J) by 41.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,767 shares of the company’s stock after selling 9,006 shares during the quarter. Pathstone Holdings LLC’s holdings in Jacobs Solutions were worth $1,671,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Boston Partners raised its stake in Jacobs Solutions by 27.9% during the first quarter. Boston Partners now owns 3,697,086 shares of the company’s stock worth $567,436,000 after purchasing an additional 805,657 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in 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 worth $464,736,000 after buying an additional 192,166 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 valued at $169,366,000 after buying an additional 127,605 shares in the last quarter. American Century Companies Inc. increased its position in shares of Jacobs Solutions by 12.0% during the second quarter. American Century Companies Inc. now owns 632,868 shares of the company’s stock worth $88,418,000 after purchasing an additional 67,821 shares in the last quarter. Finally, Ceredex Value Advisors LLC increased its position in Jacobs Solutions by 5.5% during the second quarter. Ceredex Value Advisors LLC now owns 601,944 shares of the company’s stock worth $84,098,000 after buying an additional 31,225 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

J has been the subject of several research analyst reports. UBS Group increased their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Royal Bank of Canada dropped their price target on Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating for the company in a research report on Thursday, November 21st. Citigroup reduced their price objective 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. StockNews.com began coverage on shares of Jacobs Solutions in a report on Tuesday. They issued a “buy” rating on the stock. Finally, Robert W. Baird increased their price objective on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $156.50.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock opened at $141.12 on Thursday. The stock has a market capitalization of $17.53 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 2.10 and a beta of 0.71. The company has a current ratio of 1.20, a quick ratio of 1.14 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 has a fifty day simple moving average of $141.83 and a 200-day simple moving average of $142.31.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data 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). 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%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.90 EPS. On average, sell-side analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current 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 issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Friday, October 25th. Jacobs Solutions’s payout ratio is 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.