Zurcher Kantonalbank Zurich Cantonalbank Sells 28,680 Shares of Jacobs Solutions Inc. (NYSE:J)

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

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. EdgeRock Capital LLC bought a new stake in shares of Jacobs Solutions during the 2nd quarter worth $26,000. Bruce G. Allen Investments LLC raised its stake in Jacobs Solutions by 427.5% during the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after acquiring 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 worth $32,000 after acquiring an additional 74 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Jacobs Solutions in the third quarter worth about $42,000. Finally, GAMMA Investing LLC boosted its stake in shares of Jacobs Solutions by 55.8% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock valued at $53,000 after purchasing an additional 145 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on J. 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 research report on Friday, October 4th. Robert W. Baird upped their price target on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. StockNews.com initiated coverage on Jacobs Solutions in a research report on Tuesday, November 26th. They set a “buy” rating on the stock. Finally, Truist Financial dropped their target price on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Jacobs Solutions has an average rating of “Moderate Buy” and a consensus price target of $156.50.

Jacobs Solutions Trading Up 0.0 %

NYSE J opened at $141.23 on Friday. The firm has a market capitalization of $17.51 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 2.13 and a beta of 0.71. The business’s 50-day moving average price is $141.51 and its two-hundred day moving average price is $142.36. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30. Jacobs Solutions Inc. has a 12 month low of $104.90 and a 12 month high of $150.54.

Jacobs Solutions (NYSE:J) last announced 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). 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 the consensus estimate of $4.50 billion. During the same quarter in the previous year, the company earned $1.90 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. On average, analysts expect 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 dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Friday, October 25th. 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.