Cetera Investment Advisers Cuts Stock Position in Jacobs Solutions Inc. (NYSE:J)

Cetera Investment Advisers trimmed its position in shares of Jacobs Solutions Inc. (NYSE:J) by 3.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,931 shares of the company’s stock after selling 571 shares during the period. Cetera Investment Advisers’ holdings in Jacobs Solutions were worth $1,805,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Colonial Trust Co SC lifted its holdings in shares of Jacobs Solutions by 10,250.0% during 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 period. Rossby Financial LCC purchased a new position in Jacobs Solutions in the first quarter worth $33,000. Whipplewood Advisors LLC increased 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 buying an additional 354 shares in the last quarter. Optiver Holding B.V. increased 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 buying an additional 190 shares in the last quarter. Finally, Transce3nd LLC purchased a new position in shares of Jacobs Solutions in the fourth quarter valued at $53,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on J shares. Royal Bank Of Canada lifted their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. KeyCorp upped their target price on Jacobs Solutions from $155.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday. Truist Financial upped their target price on 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 boosted their price target on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Citigroup boosted their price target on Jacobs Solutions from $147.47 to $166.00 and gave the company a “buy” rating in a report on Monday, July 28th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Jacobs Solutions has a consensus rating of “Moderate Buy” and an average target price of $155.25.

Jacobs Solutions Price Performance

NYSE:J opened at $148.18 on Friday. The firm has a market capitalization of $17.71 billion, a price-to-earnings ratio of 36.95, a P/E/G ratio of 2.00 and a beta of 0.79. The stock’s 50 day moving average price is $134.16 and its two-hundred day moving average price is $128.41. The company has a quick ratio of 1.50, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $150.54.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.06. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. Jacobs Solutions’s revenue was down 28.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.96 earnings per share. On average, 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 declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 22nd. Jacobs Solutions’s payout ratio is 31.92%.

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.