Swiss National Bank Cuts Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Swiss National Bank reduced its stake in Jacobs Solutions Inc. (NYSE:J) by 3.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 378,300 shares of the company’s stock after selling 15,500 shares during the quarter. Swiss National Bank owned approximately 0.30% of Jacobs Solutions worth $58,156,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of J. Boston Partners increased its position in shares of Jacobs Solutions by 268.4% during the fourth quarter. Boston Partners now owns 2,891,429 shares of the company’s stock valued at $375,623,000 after acquiring an additional 2,106,589 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Jacobs Solutions by 134.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,658,049 shares of the company’s stock worth $215,215,000 after purchasing an additional 951,369 shares during the period. Ceredex Value Advisors LLC boosted its holdings in shares of Jacobs Solutions by 117.2% in the 4th quarter. Ceredex Value Advisors LLC now owns 615,289 shares of the company’s stock worth $79,865,000 after buying an additional 332,053 shares during the last quarter. Panagora Asset Management Inc. grew its position in Jacobs Solutions by 14,897.6% during the fourth quarter. Panagora Asset Management Inc. now owns 321,548 shares of the company’s stock valued at $41,737,000 after buying an additional 319,404 shares during the period. Finally, Baupost Group LLC MA increased its holdings in Jacobs Solutions by 49.2% during the fourth quarter. Baupost Group LLC MA now owns 727,786 shares of the company’s stock worth $94,467,000 after buying an additional 240,000 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Trading Up 2.0 %

Shares of NYSE:J traded up $2.82 during trading on Friday, reaching $143.93. 597,501 shares of the company traded hands, compared to its average volume of 643,912. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. Jacobs Solutions Inc. has a 52-week low of $120.71 and a 52-week high of $154.50. The firm has a market capitalization of $18.02 billion, a price-to-earnings ratio of 27.79, a P/E/G ratio of 1.66 and a beta of 0.70. The business’s fifty day moving average is $139.19 and its 200-day moving average is $141.28.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, May 7th. The company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.07. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period in the prior year, the business posted $1.81 earnings per share. Jacobs Solutions’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, analysts forecast that Jacobs Solutions Inc. will post 7.98 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, July 26th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, July 26th. Jacobs Solutions’s dividend payout ratio is currently 22.39%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on J shares. William Blair cut Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Truist Financial reduced their target price on shares of Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. Robert W. Baird dropped their price target on shares of Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Citigroup lifted their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, Bank of America increased their target price on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $156.82.

Insiders Place Their Bets

In other news, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $145.31, for a total value of $217,965.00. Following the sale, the chief financial officer now directly owns 231,604 shares of the company’s stock, valued at approximately $33,654,377.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $145.31, for a total value of $217,965.00. Following the sale, the chief financial officer now directly owns 231,604 shares of the company’s stock, valued at $33,654,377.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $139.43, for a total value of $976,010.00. Following the transaction, the insider now owns 541,138 shares of the company’s stock, valued at $75,450,871.34. The disclosure for this sale can be found here. Insiders sold 22,500 shares of company stock worth $3,180,575 over the last three months. Company insiders own 1.00% of the company’s stock.

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.