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

Nomura Asset Management Co. Ltd. lessened its position in shares of Jacobs Solutions Inc. (NYSE:J) by 59.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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.

Several other hedge funds also recently made changes to their positions in J. EdgeRock Capital LLC bought a new position in Jacobs Solutions during the second quarter worth $26,000. First Horizon Advisors Inc. increased its stake in Jacobs Solutions by 44.3% during the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after purchasing an additional 74 shares during the last quarter. Quarry LP raised its holdings in shares of Jacobs Solutions by 394.9% during the third quarter. Quarry LP now owns 292 shares of the company’s stock worth $38,000 after purchasing an additional 233 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Jacobs Solutions in the 3rd quarter worth about $42,000. Finally, True Wealth Design LLC acquired a new position in shares of Jacobs Solutions in the 3rd quarter valued at about $44,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

J stock opened at $136.98 on Friday. The company has a 50-day simple moving average of $140.16 and a 200 day simple moving average of $142.25. The company has a market capitalization of $16.99 billion, a P/E ratio of 21.64, a PEG ratio of 2.04 and a beta of 0.70. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. Jacobs Solutions Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $150.54.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share (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 last year, the business earned $1.90 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. Sell-side analysts predict that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were paid a $0.29 dividend. 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 dividend payout ratio is presently 18.33%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on J shares. Truist Financial dropped their price objective on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Citigroup dropped their price target 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. Royal Bank of Canada restated an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Robert W. Baird upped their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a research note on Friday, October 4th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Jacobs Solutions has a consensus rating of “Hold” and a consensus price target of $155.78.

About Jacobs Solutions

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.