Jacobs Solutions Inc. (NYSE:J) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC decreased its position in shares of Jacobs Solutions Inc. (NYSE:J) by 47.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its holdings in shares of Jacobs Solutions by 5,170.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock valued at $58,550,000 after acquiring an additional 411,123 shares during the period. Sessa Capital IM L.P. acquired a new stake in Jacobs Solutions during the 3rd quarter worth $46,168,000. Barrow Hanley Mewhinney & Strauss LLC grew its position 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 purchasing an additional 192,166 shares during the last quarter. Soros Fund Management LLC increased its stake in Jacobs Solutions by 34.3% in the third quarter. Soros Fund Management LLC now owns 500,907 shares of the company’s stock valued at $65,569,000 after purchasing an additional 127,874 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Jacobs Solutions by 11.8% in the second 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 during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Up 0.7 %

J stock opened at $136.98 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average price is $140.16 and its 200 day moving average price is $142.25. Jacobs Solutions Inc. has a 52 week low of $104.90 and a 52 week high of $150.54. The company has a market cap of $16.99 billion, a P/E ratio of 21.64, a P/E/G ratio of 2.04 and a beta of 0.70.

Jacobs Solutions (NYSE:J) last announced 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). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same period last year, the firm earned $1.90 EPS. Jacobs Solutions’s revenue was up 4.4% compared to the same quarter last year. On average, research analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Friday, October 25th. Jacobs Solutions’s dividend payout ratio is currently 18.33%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Truist Financial lowered their price target on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Royal Bank of Canada reissued 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 stock an “outperform” rating in a report on Wednesday, November 20th. StockNews.com started coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating on the stock. Finally, Citigroup cut their price objective 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, November 20th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $155.78.

Jacobs Solutions 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.