Segall Bryant & Hamill LLC Decreases Stock Position in Jacobs Solutions Inc. (NYSE:J)

Segall Bryant & Hamill LLC trimmed its position in Jacobs Solutions Inc. (NYSE:J) by 5.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,822 shares of the company’s stock after selling 6,361 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Jacobs Solutions were worth $15,946,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Boston Partners lifted its position in Jacobs Solutions by 27.9% during the first quarter. Boston Partners now owns 3,697,086 shares of the company’s stock valued at $567,436,000 after purchasing an additional 805,657 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Jacobs Solutions by 6.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock valued at $464,736,000 after buying an additional 192,166 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of 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 acquiring an additional 127,605 shares during the last quarter. American Century Companies Inc. grew its position in Jacobs Solutions by 12.0% in the second quarter. American Century Companies Inc. now owns 632,868 shares of the company’s stock worth $88,418,000 after acquiring an additional 67,821 shares in the last quarter. Finally, Ceredex Value Advisors LLC increased its stake in Jacobs Solutions by 5.5% during the second quarter. Ceredex Value Advisors LLC now owns 601,944 shares of the company’s stock worth $84,098,000 after acquiring an additional 31,225 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Performance

Jacobs Solutions stock opened at $132.45 on Thursday. The company has a 50 day moving average price of $142.38 and a 200-day moving average price of $142.41. The company has a market capitalization of $16.46 billion, a PE ratio of 26.18, a P/E/G ratio of 1.57 and a beta of 0.71. Jacobs Solutions Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $150.54. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. Jacobs Solutions’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.90 EPS. As a group, equities analysts forecast that Jacobs Solutions Inc. will post 7.02 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 0.88%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.92%.

Insider Buying and Selling at Jacobs Solutions

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday. StockNews.com assumed coverage on shares of Jacobs Solutions in a research note on Monday. They set a “buy” rating for the company. Citigroup reduced their target price on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research note on Wednesday. Truist Financial dropped their price target on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Finally, Robert W. Baird increased their price objective on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.70.

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.