Segall Bryant & Hamill LLC Sells 6,361 Shares of Jacobs Solutions Inc. (NYSE:J)

Segall Bryant & Hamill LLC lessened its position in shares of Jacobs Solutions Inc. (NYSE:J) by 5.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,822 shares of the company’s stock after selling 6,361 shares during the period. Segall Bryant & Hamill LLC owned 0.10% of Jacobs Solutions worth $15,946,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. EdgeRock Capital LLC bought a new stake in shares of Jacobs Solutions during the 2nd quarter valued at $26,000. Bruce G. Allen Investments LLC boosted its holdings in Jacobs Solutions by 427.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Jacobs Solutions during the 3rd quarter valued at $42,000. LRI Investments LLC bought a new position in shares of Jacobs Solutions in the first quarter worth $48,000. Finally, GAMMA Investing LLC raised its position in shares of Jacobs Solutions by 55.8% in the third quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock worth $53,000 after buying an additional 145 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.85, for a total transaction of $286,313.30. Following the completion of the sale, the director now directly owns 42,069 shares in the company, valued at approximately $6,346,108.65. This trade represents a 4.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the sale, the executive vice president now owns 24,564 shares in the company, valued at approximately $3,688,038.96. The trade was a 14.50 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

J has been the subject of a number of research analyst reports. UBS Group lifted their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Citigroup cut their price objective on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research note on Wednesday. Royal Bank of Canada lifted their target price on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Robert W. Baird lifted their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday. 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 report on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $157.70.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $132.45 on Thursday. Jacobs Solutions Inc. has a 1 year low of $100.59 and a 1 year high of $150.54. The stock has a market capitalization of $16.46 billion, a P/E ratio of 26.18, a P/E/G ratio of 1.57 and a beta of 0.71. The company’s 50-day moving average is $142.38 and its 200 day moving average is $142.41. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter last year, the company posted $1.90 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts expect that Jacobs Solutions Inc. will post 7.02 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 0.88%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 22.92%.

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.