Baldwin Investment Management LLC Decreases Holdings in Jacobs Solutions Inc. (NYSE:J)

Baldwin Investment Management LLC decreased its holdings in Jacobs Solutions Inc. (NYSE:J) by 2.2% in the third quarter, Holdings Channel.com reports. The firm owned 9,215 shares of the company’s stock after selling 210 shares during the period. Baldwin Investment Management LLC’s holdings in Jacobs Solutions were worth $1,206,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. raised its holdings in Jacobs Solutions by 32.1% during the 2nd quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock valued at $37,968,000 after buying an additional 66,002 shares during the last quarter. Aigen Investment Management LP purchased a new position in Jacobs Solutions during the 3rd quarter valued at about $709,000. Asset Management One Co. Ltd. grew its position in shares of Jacobs Solutions by 6.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 76,308 shares of the company’s stock worth $9,989,000 after buying an additional 4,858 shares during the last quarter. MBB Public Markets I LLC purchased a new position in shares of Jacobs Solutions during the second quarter valued at approximately $1,302,000. Finally, Tidal Investments LLC raised its holdings in shares of Jacobs Solutions by 62.0% during the first quarter. Tidal Investments LLC now owns 16,647 shares of the company’s stock valued at $2,559,000 after acquiring an additional 6,371 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

J has been the topic of several recent analyst reports. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a research report on Friday, October 4th. StockNews.com started coverage on shares of Jacobs Solutions in a research note on Tuesday. They issued a “buy” rating for the company. Royal Bank of Canada lowered their price objective on shares of Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating for the company in a report on Thursday, November 21st. Robert W. Baird upped their target price on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, UBS Group raised their target price on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Jacobs Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $156.50.

Insider Activity

In other news, Director Christopher M.T. Thompson sold 1,898 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the sale, the director now directly owns 42,069 shares in the company, valued at $6,346,108.65. This represents a 4.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value 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 position. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Jacobs Solutions Trading Up 1.0 %

NYSE:J opened at $140.69 on Wednesday. The stock 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 quick ratio of 1.14, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average price is $141.92 and its 200-day moving average price is $142.32. Jacobs Solutions Inc. has a 52 week low of $101.64 and a 52 week high of $150.54.

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

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were paid a $0.29 dividend. The ex-dividend date of this dividend 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 is presently 18.33%.

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.