Jacobs Solutions Inc. (NYSE:J) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. decreased its stake in Jacobs Solutions Inc. (NYSE:J) by 59.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,657 shares of the company’s stock after selling 56,500 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Jacobs Solutions were worth $5,060,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new position in shares of Jacobs Solutions in the second quarter worth $26,000. First Horizon Advisors Inc. increased its position in Jacobs Solutions by 44.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after purchasing an additional 74 shares in the last quarter. Quarry LP raised its stake in Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after purchasing an additional 233 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Jacobs Solutions in the 3rd quarter valued at about $42,000. Finally, True Wealth Design LLC acquired a new stake in shares of Jacobs Solutions during the 3rd quarter worth about $44,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on J shares. The Goldman Sachs Group reissued a “neutral” rating and set a $150.00 price target on shares of Jacobs Solutions in a research note on Tuesday. StockNews.com started coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating on the stock. Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Finally, 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 research report on Friday, October 4th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $155.78.

Jacobs Solutions Stock Up 0.7 %

Shares of Jacobs Solutions stock opened at $136.98 on Friday. The company has a fifty day moving average price of $140.16 and a 200 day moving average price of $142.25. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. Jacobs Solutions Inc. has a twelve month low of $104.90 and a twelve month high of $150.54. The stock has a market cap of $16.99 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 2.04 and a beta of 0.70.

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). The company 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 quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.90 earnings per share. 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 firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Friday, October 25th. Jacobs Solutions’s payout ratio is 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.