Arete Wealth Advisors LLC Sells 104 Shares of Jacobs Solutions Inc. (NYSE:J)

Arete Wealth Advisors LLC lowered its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 2.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,549 shares of the company’s stock after selling 104 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Jacobs Solutions were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Tlwm grew its holdings in Jacobs Solutions by 1.2% during the second quarter. Tlwm now owns 6,046 shares of the company’s stock valued at $845,000 after purchasing an additional 74 shares during the last quarter. First Horizon Advisors Inc. grew its stake in Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after buying an additional 74 shares during the last quarter. Hudson Edge Investment Partners Inc. grew its stake in Jacobs Solutions by 1.4% in the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock valued at $834,000 after buying an additional 82 shares during the last quarter. Empirical Finance LLC raised its holdings in Jacobs Solutions by 1.9% in the 3rd quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock worth $570,000 after acquiring an additional 82 shares during the period. Finally, OneDigital Investment Advisors LLC lifted its position in Jacobs Solutions by 4.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock worth $293,000 after acquiring an additional 86 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Stock Down 0.2 %

Shares of J opened at $140.96 on Friday. The company has a market capitalization of $17.47 billion, a P/E ratio of 22.27, a PEG ratio of 2.13 and a beta of 0.71. Jacobs Solutions Inc. has a one year low of $104.90 and a one year high of $150.54. The business’s 50 day simple moving average is $141.51 and its 200-day simple moving average is $142.33. 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 (NYSE:J) last posted its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $4.50 billion. During the same period in the prior year, the firm posted $1.90 EPS. Jacobs Solutions’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on J shares. Truist Financial cut their price objective 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. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a report on Friday, October 4th. Citigroup lowered their price objective on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Robert W. Baird upped their target price on shares of Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, 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. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.50.

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.