Jacobs Solutions Inc. (NYSE:J) Stock Position Trimmed by Lathrop Investment Management Corp

Lathrop Investment Management Corp lessened its position in shares of Jacobs Solutions Inc. (NYSE:J) by 1.2% during the 3rd quarter, Holdings Channel reports. The firm owned 127,169 shares of the company’s stock after selling 1,553 shares during the quarter. Jacobs Solutions comprises 3.1% of Lathrop Investment Management Corp’s portfolio, making the stock its 10th largest holding. Lathrop Investment Management Corp’s holdings in Jacobs Solutions were worth $16,646,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Boston Partners boosted its stake in shares of Jacobs Solutions by 27.9% in the first quarter. Boston Partners now owns 3,697,086 shares of the company’s stock worth $567,436,000 after buying an additional 805,657 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Jacobs Solutions by 5,170.1% in the second quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock worth $58,550,000 after buying an additional 411,123 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Jacobs Solutions by 6.1% in the second 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. Westwood Holdings Group Inc. raised its holdings in Jacobs Solutions by 7,306.2% in the 1st quarter. Westwood Holdings Group Inc. now owns 138,051 shares of the company’s stock worth $21,223,000 after purchasing an additional 136,187 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Jacobs Solutions by 11.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock worth $169,366,000 after purchasing an additional 127,605 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

J has been the subject of a number of analyst reports. Royal Bank of Canada reduced their price target on Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating for the company in a report on Thursday. UBS Group upped their price target on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. StockNews.com initiated coverage on Jacobs Solutions in a report on Monday. They issued a “buy” rating for the company. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a report on Friday, October 4th. Finally, Robert W. Baird upped their price target on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Jacobs Solutions currently has an average rating of “Moderate Buy” and an average target price of $156.89.

Insider Activity

In related news, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total value of $625,633.38. Following the completion of the transaction, the executive vice president now directly owns 24,564 shares in the company, valued at approximately $3,688,038.96. This represents a 14.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the transaction, the director now owns 42,069 shares of the company’s stock, valued at $6,346,108.65. The trade was a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock opened at $135.82 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.14. The business has a 50 day simple moving average of $142.25 and a two-hundred day simple moving average of $142.37. The stock has a market capitalization of $16.88 billion, a P/E ratio of 21.46, a PEG ratio of 2.04 and a beta of 0.71. Jacobs Solutions Inc. has a 12 month low of $100.59 and a 12 month high of $150.54.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. Jacobs Solutions’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the company earned $1.90 earnings per share. As a group, analysts predict that Jacobs Solutions Inc. will post 6 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.85%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 18.33%.

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.