Segall Bryant & Hamill LLC Sells 51,570 Shares of Jacobs Solutions Inc. $J

Segall Bryant & Hamill LLC cut its position in shares of Jacobs Solutions Inc. (NYSE:J) by 68.5% during the first quarter, Holdings Channel reports. The institutional investor owned 23,685 shares of the company’s stock after selling 51,570 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Jacobs Solutions were worth $3,148,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Jacobs Solutions by 3.4% in the 4th quarter. State Street Corp now owns 7,367,828 shares of the company’s stock valued at $975,942,000 after acquiring an additional 243,345 shares in the last quarter. Morgan Stanley grew its holdings in shares of Jacobs Solutions by 19.5% during the 4th quarter. Morgan Stanley now owns 3,379,681 shares of the company’s stock worth $447,673,000 after purchasing an additional 552,277 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Jacobs Solutions by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,219,481 shares of the company’s stock valued at $424,846,000 after purchasing an additional 28,076 shares during the period. Ninety One UK Ltd increased its position in shares of Jacobs Solutions by 2.8% during the fourth quarter. Ninety One UK Ltd now owns 3,156,313 shares of the company’s stock valued at $418,085,000 after purchasing an additional 86,677 shares during the period. Finally, Boston Partners raised its stake in shares of Jacobs Solutions by 3.7% in the third quarter. Boston Partners now owns 3,040,383 shares of the company’s stock valued at $456,746,000 after purchasing an additional 108,134 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on J shares. Robert W. Baird reduced their target price on Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Wall Street Zen lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Wells Fargo & Company dropped their price objective on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a research note on Thursday, May 7th. Royal Bank Of Canada raised their price objective on shares of Jacobs Solutions from $169.00 to $171.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Finally, KeyCorp decreased their target price on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and a consensus target price of $153.30.

Jacobs Solutions Stock Performance

Shares of NYSE:J opened at $138.72 on Tuesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.43. The business’s fifty day moving average price is $126.54 and its two-hundred day moving average price is $129.11. Jacobs Solutions Inc. has a fifty-two week low of $105.68 and a fifty-two week high of $168.44. The stock has a market capitalization of $16.38 billion, a price-to-earnings ratio of 43.08, a price-to-earnings-growth ratio of 1.31 and a beta of 0.68.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the business earned $1.43 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. As a group, analysts predict that Jacobs Solutions Inc. will post 7.22 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be given a dividend of $0.36 per share. The ex-dividend date is Friday, August 21st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. Jacobs Solutions’s dividend payout ratio (DPR) is 44.72%.

Insider Transactions at Jacobs Solutions

In other news, CEO Robert V. Pragada acquired 3,601 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $111.09 per share, with a total value of $400,035.09. Following the completion of the purchase, the chief executive officer owned 333,755 shares of the company’s stock, valued at $37,076,842.95. This represents a 1.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Manuel J. Fernandez acquired 253 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average cost of $112.56 per share, for a total transaction of $28,477.68. Following the completion of the purchase, the director directly owned 12,504 shares of the company’s stock, valued at approximately $1,407,450.24. The trade was a 2.07% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 4,257 shares of company stock valued at $477,651 in the last quarter. 0.48% of the stock is currently owned by corporate insiders.

About Jacobs Solutions

Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.