Jacobs Solutions Inc. (NYSE:J) Shares Sold by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. reduced its position in Jacobs Solutions Inc. (NYSE:JFree Report) by 10.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,093 shares of the company’s stock after selling 232 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Jacobs Solutions were worth $253,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kovitz Investment Group Partners LLC increased its position in shares of Jacobs Solutions by 345.9% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company’s stock worth $619,676,000 after acquiring an additional 3,597,564 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of Jacobs Solutions by 933.6% during the fourth quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company’s stock worth $281,808,000 after buying an additional 1,904,988 shares during the period. Proficio Capital Partners LLC boosted its position in shares of Jacobs Solutions by 15,913.6% during the fourth quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company’s stock worth $59,977,000 after buying an additional 446,057 shares during the period. Deutsche Bank AG raised its holdings in Jacobs Solutions by 148.2% during the fourth quarter. Deutsche Bank AG now owns 664,564 shares of the company’s stock worth $88,799,000 after purchasing an additional 396,759 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in Jacobs Solutions by 40.3% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,007,612 shares of the company’s stock worth $134,637,000 after purchasing an additional 289,573 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on J. Royal Bank of Canada upped their price target on Jacobs Solutions from $152.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Citigroup lowered their target price on shares of Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Truist Financial increased their target price on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a “hold” rating in a research report on Monday, May 12th. Finally, UBS Group decreased their price target on shares of Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating for the company in a report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $150.86.

Read Our Latest Research Report on J

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock opened at $126.96 on Thursday. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $156.31. The firm has a market cap of $15.25 billion, a P/E ratio of 26.18, a P/E/G ratio of 1.84 and a beta of 0.77. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a 50 day simple moving average of $122.70 and a 200 day simple moving average of $128.58.

Jacobs Solutions (NYSE:JGet Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.02. The company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $3 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the firm posted $1.91 earnings per share. Sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 annualized dividend and a yield of 1.01%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 35.26%.

About Jacobs Solutions

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Jacobs Solutions (NYSE:J)

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