M&T Bank Corp Decreases Holdings in Jacobs Solutions Inc. (NYSE:J)

M&T Bank Corp decreased its holdings in Jacobs Solutions Inc. (NYSE:J) by 10.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,251 shares of the company’s stock after selling 869 shares during the period. M&T Bank Corp’s holdings in Jacobs Solutions were worth $876,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Colonial Trust Co SC increased 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 in the last quarter. Avalon Trust Co bought a new position in shares of Jacobs Solutions in the fourth quarter valued at approximately $33,000. Rossby Financial LCC bought a new position in shares of Jacobs Solutions in the first quarter valued at approximately $33,000. Optiver Holding B.V. boosted its position in shares of Jacobs Solutions by 113.8% in the fourth 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 period. Finally, Whipplewood Advisors LLC boosted its position in shares of Jacobs Solutions by 1,685.7% in the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company’s stock valued at $45,000 after acquiring an additional 354 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Trading Up 0.7%

NYSE:J opened at $136.03 on Tuesday. The company has a fifty day moving average of $128.21 and a 200 day moving average of $127.43. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $156.31. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $16.35 billion, a P/E ratio of 37.47, a P/E/G ratio of 1.90 and a beta of 0.77.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $3 billion. During the same period in the prior year, the business earned $1.91 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, research analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 23rd were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Friday, May 23rd. Jacobs Solutions’s dividend payout ratio is presently 35.26%.

Analyst Ratings Changes

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

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.