Baldwin Investment Management LLC Has $1.21 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Baldwin Investment Management LLC reduced its holdings in Jacobs Solutions Inc. (NYSE:J) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,215 shares of the company’s stock after selling 210 shares during the quarter. Baldwin Investment Management LLC’s holdings in Jacobs Solutions were worth $1,206,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of J. EdgeRock Capital LLC acquired a new position in shares of Jacobs Solutions during the second quarter worth approximately $26,000. Bruce G. Allen Investments LLC increased its holdings in Jacobs Solutions by 427.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after purchasing an additional 171 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after purchasing an additional 74 shares in the last quarter. LRI Investments LLC purchased a new position in shares of Jacobs Solutions during the first quarter valued at approximately $48,000. Finally, Capital Performance Advisors LLP bought a new stake in Jacobs Solutions during the third quarter worth $42,000. 85.65% of the stock is currently owned by institutional investors.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total transaction of $625,633.38. Following the sale, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at $3,688,038.96. This represents a 14.50 % 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.

Jacobs Solutions Stock Performance

NYSE:J opened at $140.69 on Wednesday. The business’s fifty day moving average is $141.92 and its 200 day moving average is $142.32. The firm has a market cap of $17.48 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 2.10 and a beta of 0.71. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.14 and a current ratio of 1.20. Jacobs Solutions Inc. has a 52-week low of $101.64 and a 52-week high of $150.54.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.71). The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.90 earnings per share. Research analysts predict that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were given a dividend of $0.29 per share. The ex-dividend date was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.82%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 18.33%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Truist Financial dropped their price target on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Citigroup cut their price objective on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a report on Friday, October 4th. Royal Bank of Canada decreased their price target on shares of Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating for the company in a research note on Thursday, November 21st. Finally, Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $156.50.

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.