Jacobs Solutions Inc. (NYSE:J) Shares Sold by Baldwin Investment Management LLC

Baldwin Investment Management LLC trimmed its holdings in Jacobs Solutions Inc. (NYSE:J) by 35.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,920 shares of the company’s stock after selling 3,295 shares during the period. Baldwin Investment Management LLC’s holdings in Jacobs Solutions were worth $791,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in J. Avalon Trust Co purchased a new stake in shares of Jacobs Solutions in the fourth quarter valued at $33,000. Larson Financial Group LLC raised its stake in Jacobs Solutions by 71.9% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock valued at $37,000 after purchasing an additional 115 shares during the last quarter. Assetmark Inc. lifted its holdings in Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company’s stock valued at $45,000 after purchasing an additional 100 shares in the last quarter. Optiver Holding B.V. boosted its stake in shares of Jacobs Solutions by 113.8% during the 4th quarter. Optiver Holding B.V. now owns 357 shares of the company’s stock worth $48,000 after purchasing an additional 190 shares during the last quarter. Finally, Catalyst Capital Advisors LLC grew its holdings in shares of Jacobs Solutions by 215.7% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company’s stock worth $49,000 after buying an additional 248 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on J. Robert W. Baird reduced their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Citigroup reduced their price target on Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Finally, Truist Financial lowered their price objective on Jacobs Solutions from $141.00 to $130.00 and set a “hold” rating for the company in a research report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $150.86.

Jacobs Solutions Price Performance

J stock opened at $127.06 on Friday. The company has a market cap of $15.57 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average price of $120.83 and a two-hundred day moving average price of $131.53. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $156.31.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter last year, the firm posted $1.45 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.01%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 26.39%.

Jacobs Solutions declared that its board has approved a share repurchase program on Tuesday, February 4th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

About Jacobs Solutions

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.