Raymond James Financial Services Advisors Inc. reduced its holdings in shares of Jacobs Solutions Inc. (NYSE:J – Get Rating) by 0.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,706 shares of the company’s stock after selling 95 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Jacobs Solutions were worth $4,094,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the business. State Street Corp increased its stake in Jacobs Solutions by 0.5% during the 4th quarter. State Street Corp now owns 8,479,505 shares of the company’s stock worth $1,180,601,000 after buying an additional 42,028 shares during the period. Capital World Investors grew its holdings in Jacobs Solutions by 5.9% during the 4th quarter. Capital World Investors now owns 7,087,867 shares of the company’s stock worth $986,844,000 after acquiring an additional 395,742 shares in the last quarter. Select Equity Group L.P. grew its holdings in Jacobs Solutions by 8.0% during the 4th quarter. Select Equity Group L.P. now owns 5,172,939 shares of the company’s stock worth $720,228,000 after acquiring an additional 384,628 shares in the last quarter. Geode Capital Management LLC grew its holdings in Jacobs Solutions by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 2,393,288 shares of the company’s stock worth $332,340,000 after acquiring an additional 53,662 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Jacobs Solutions by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 948,647 shares of the company’s stock worth $132,080,000 after acquiring an additional 22,977 shares in the last quarter. 86.73% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on J shares. StockNews.com upgraded shares of Jacobs Solutions from a “hold” rating to a “buy” rating in a report on Friday, May 6th. Credit Suisse Group lowered their target price on shares of Jacobs Solutions from $159.00 to $154.00 and set an “outperform” rating for the company in a report on Tuesday, August 2nd. Royal Bank of Canada lowered their target price on shares of Jacobs Solutions from $160.00 to $155.00 and set an “outperform” rating for the company in a report on Thursday, August 4th. Finally, Citigroup lowered their target price on shares of Jacobs Solutions from $155.00 to $151.00 and set a “buy” rating for the company in a report on Tuesday, August 2nd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $158.57.
Jacobs Solutions Stock Down 3.7 %
Jacobs Solutions (NYSE:J – Get Rating) last announced its quarterly earnings results on Monday, August 1st. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.06. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.83 billion. Jacobs Solutions had a net margin of 3.16% and a return on equity of 14.45%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.64 EPS. On average, analysts forecast that Jacobs Solutions Inc. will post 6.94 earnings per share for the current year.
Jacobs Solutions Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, July 29th were issued a $0.23 dividend. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.77%. Jacobs Solutions’s dividend payout ratio is presently 25.84%.
Jacobs Solutions Profile
Jacob Solutions, Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, rest of Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. The company operates in three segments, Critical Mission Solutions, People & Places Solutions, and PA Consulting.
- Get a free copy of the StockNews.com research report on Jacobs Solutions (J)
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