Jacobs Solutions Inc. (NYSE:J) Holdings Trimmed by Amalgamated Bank

Amalgamated Bank trimmed its position in shares of Jacobs Solutions Inc. (NYSE:JGet Rating) by 5.0% during the 1st quarter, HoldingsChannel reports. The firm owned 42,653 shares of the company’s stock after selling 2,234 shares during the quarter. Amalgamated Bank’s holdings in Jacobs Solutions were worth $5,878,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hilton Capital Management LLC grew its holdings in shares of Jacobs Solutions by 3.7% during the 1st quarter. Hilton Capital Management LLC now owns 2,227 shares of the company’s stock valued at $307,000 after acquiring an additional 80 shares in the last quarter. Ameritas Advisory Services LLC grew its holdings in shares of Jacobs Solutions by 1.6% during the 1st quarter. Ameritas Advisory Services LLC now owns 5,508 shares of the company’s stock valued at $759,000 after acquiring an additional 85 shares in the last quarter. Pinnacle Associates Ltd. grew its holdings in shares of Jacobs Solutions by 4.7% during the 1st quarter. Pinnacle Associates Ltd. now owns 2,015 shares of the company’s stock valued at $278,000 after acquiring an additional 90 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Jacobs Solutions by 0.5% during the 1st quarter. Fifth Third Bancorp now owns 18,782 shares of the company’s stock valued at $2,588,000 after acquiring an additional 98 shares in the last quarter. Finally, Vista Capital Partners Inc. grew its holdings in shares of Jacobs Solutions by 5.9% during the 1st quarter. Vista Capital Partners Inc. now owns 1,783 shares of the company’s stock valued at $246,000 after acquiring an additional 100 shares in the last quarter. 86.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Jacobs Solutions in a report on Thursday, September 8th. They set a “buy” rating on the stock. Royal Bank of Canada lowered their price target on shares of Jacobs Solutions from $160.00 to $155.00 and set an “outperform” rating on the stock in a report on Thursday, August 4th. Credit Suisse Group lowered their price target on shares of Jacobs Solutions from $159.00 to $154.00 and set an “outperform” rating on the stock in a report on Tuesday, August 2nd. Finally, Citigroup reduced their price objective on shares of Jacobs Solutions from $155.00 to $151.00 and set a “buy” rating for the company in a research note on Tuesday, August 2nd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and an average price target of $158.57.

Jacobs Solutions Stock Down 1.8 %

Jacobs Solutions stock opened at $117.27 on Monday. The firm has a market cap of $14.96 billion, a price-to-earnings ratio of 32.94, a P/E/G ratio of 1.43 and a beta of 0.86. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.43 and a quick ratio of 1.43. Jacobs Solutions Inc. has a fifty-two week low of $114.11 and a fifty-two week high of $150.32. The firm has a fifty day moving average price of $127.44 and a two-hundred day moving average price of $131.85.

Jacobs Solutions (NYSE:JGet Rating) last released its earnings results on Monday, August 1st. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.06. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.83 billion. Jacobs Solutions had a net margin of 3.16% and a return on equity of 14.45%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.64 EPS. As a group, analysts forecast that Jacobs Solutions Inc. will post 6.94 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, September 30th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Thursday, September 29th. Jacobs Solutions’s dividend payout ratio is 25.84%.

Jacobs Solutions Company Profile

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Jacob Solutions, Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, rest of Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. The company operates in three segments, Critical Mission Solutions, People & Places Solutions, and PA Consulting.

Further Reading

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Institutional Ownership by Quarter for Jacobs Solutions (NYSE:J)

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