Jacobs Solutions Inc. (NYSE:J) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its holdings in Jacobs Solutions Inc. (NYSE:J) by 1.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,652,121 shares of the company’s stock after selling 32,265 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Jacobs Solutions were worth $216,263,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Boston Partners grew its position in Jacobs Solutions by 27.9% in the 1st quarter. Boston Partners now owns 3,697,086 shares of the company’s stock valued at $567,436,000 after buying an additional 805,657 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Jacobs Solutions by 5,170.1% during the second quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock worth $58,550,000 after acquiring an additional 411,123 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Jacobs Solutions by 6.1% during the second 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 in the last quarter. Westwood Holdings Group Inc. lifted its position in Jacobs Solutions by 7,306.2% in the first quarter. Westwood Holdings Group Inc. now owns 138,051 shares of the company’s stock valued at $21,223,000 after purchasing an additional 136,187 shares during the period. Finally, Dimensional Fund Advisors LP boosted 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 valued at $169,366,000 after purchasing an additional 127,605 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Stock Up 1.4 %

J stock opened at $137.38 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. Jacobs Solutions Inc. has a 12 month low of $101.64 and a 12 month high of $150.54. The firm has a market capitalization of $17.07 billion, a PE ratio of 21.70, a P/E/G ratio of 2.04 and a beta of 0.71. The company’s 50 day simple moving average is $142.11 and its 200-day simple moving average is $142.29.

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

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions’s payout ratio is 18.33%.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the sale, the director now directly owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. This trade represents a 4.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value of $625,633.38. Following the completion of the sale, the executive vice president now owns 24,564 shares of the company’s stock, valued at $3,688,038.96. This trade represents a 14.50 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada cut their target price on Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating for the company in a research note on Thursday. Robert W. Baird raised their target price on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a report on Wednesday. Truist Financial cut their price target on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Citigroup decreased their price objective on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, StockNews.com began coverage on shares of Jacobs Solutions in a research report on Monday, November 18th. They set a “buy” rating for the company. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $156.50.

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.