Pathstone Holdings LLC Has $1.67 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Pathstone Holdings LLC trimmed its position in shares of Jacobs Solutions Inc. (NYSE:J) by 41.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,767 shares of the company’s stock after selling 9,006 shares during the quarter. Pathstone Holdings LLC’s holdings in Jacobs Solutions were worth $1,671,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Boston Partners lifted its holdings in shares of Jacobs Solutions by 27.9% during the 1st 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 in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in 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 worth $464,736,000 after purchasing an additional 192,166 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Jacobs Solutions by 11.8% during the 2nd 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 during the period. American Century Companies Inc. lifted its stake in Jacobs Solutions by 12.0% in the second quarter. American Century Companies Inc. now owns 632,868 shares of the company’s stock valued at $88,418,000 after buying an additional 67,821 shares in the last quarter. Finally, Ceredex Value Advisors LLC boosted its holdings in shares of Jacobs Solutions by 5.5% in the second quarter. Ceredex Value Advisors LLC now owns 601,944 shares of the company’s stock valued at $84,098,000 after buying an additional 31,225 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

J has been the subject of several recent research reports. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research report on Friday, October 4th. Robert W. Baird upped their price target on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. UBS Group raised their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Citigroup cut their price objective on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada decreased their target price on shares of Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating for the company in a research report on Thursday, November 21st. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $156.50.

Jacobs Solutions Trading Up 0.3 %

NYSE J opened at $141.12 on Thursday. The stock has a market capitalization of $17.53 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 2.10 and a beta of 0.71. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.14. Jacobs Solutions Inc. has a one year low of $101.64 and a one year high of $150.54. The business’s fifty day moving average is $141.83 and its 200-day moving average is $142.31.

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). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter last year, the firm posted $1.90 earnings per share. Jacobs Solutions’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts predict that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

Jacobs Solutions Announces Dividend

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

Jacobs Solutions Company 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.