Jacobs Solutions Inc. (NYSE:J) Stake Lessened by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in shares of Jacobs Solutions Inc. (NYSE:J) by 25.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,096 shares of the company’s stock after selling 28,680 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.07% of Jacobs Solutions worth $10,746,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its holdings in Jacobs Solutions by 5,170.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock valued at $58,550,000 after acquiring an additional 411,123 shares during the last quarter. Sessa Capital IM L.P. acquired a new stake in Jacobs Solutions during the third quarter valued at approximately $46,168,000. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Jacobs Solutions by 6.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock valued at $464,736,000 after purchasing an additional 192,166 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Jacobs Solutions by 11.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock worth $169,366,000 after buying an additional 127,605 shares in the last quarter. Finally, F M Investments LLC acquired a new position in Jacobs Solutions in the second quarter worth approximately $15,513,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Price Performance

Shares of J stock opened at $141.23 on Friday. The firm has a fifty day moving average of $141.51 and a 200-day moving average of $142.36. The company has a quick ratio of 1.14, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $17.51 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 2.13 and a beta of 0.71. Jacobs Solutions Inc. has a 12-month low of $104.90 and a 12-month high of $150.54.

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

Jacobs Solutions Dividend Announcement

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

Wall Street Analysts Forecast Growth

J has been the subject of a number of recent research reports. UBS Group increased their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Citigroup cut their price objective on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Royal Bank of Canada dropped their price target on shares of Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating on the stock in a research note on Thursday, November 21st. Finally, StockNews.com started coverage on Jacobs Solutions in a report on Tuesday, November 26th. They issued a “buy” rating for the company. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.