Yousif Capital Management LLC Cuts Stake in Jacobs Solutions Inc. (NYSE:J)

Yousif Capital Management LLC cut its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 1.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,885 shares of the company’s stock after selling 181 shares during the quarter. Yousif Capital Management LLC’s holdings in Jacobs Solutions were worth $1,679,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of J. Colonial Trust Co SC raised its stake in shares of Jacobs Solutions by 10,250.0% in the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company’s stock worth $28,000 after purchasing an additional 205 shares during the last quarter. Avalon Trust Co purchased a new position in Jacobs Solutions in the 4th quarter worth about $33,000. Larson Financial Group LLC raised its position in Jacobs Solutions by 71.9% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock worth $37,000 after buying an additional 115 shares during the last quarter. Assetmark Inc. lifted its stake in Jacobs Solutions by 42.7% during the 4th quarter. Assetmark Inc. now owns 334 shares of the company’s stock valued at $45,000 after acquiring an additional 100 shares during the period. Finally, Optiver Holding B.V. boosted its holdings in shares of Jacobs Solutions by 113.8% during the 4th quarter. Optiver Holding B.V. now owns 357 shares of the company’s stock valued at $48,000 after acquiring an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on J shares. Truist Financial boosted their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a “hold” rating in a report on Monday, May 12th. Citigroup lowered their price target on Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating on the stock in a report on Friday, April 25th. UBS Group dropped their price target on Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Finally, Royal Bank of Canada upped their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $150.86.

Jacobs Solutions Trading Up 2.9%

Shares of Jacobs Solutions stock opened at $129.60 on Tuesday. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $156.31. The company’s fifty day simple moving average is $123.72 and its 200-day simple moving average is $128.14. 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 stock has a market capitalization of $15.57 billion, a PE ratio of 26.72, a P/E/G ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.02. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same period in the prior year, the company posted $1.91 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors 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 dividend on an annualized basis and a dividend yield of 0.99%. Jacobs Solutions’s dividend payout ratio is 35.26%.

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.