4,275 Shares in Jacobs Solutions Inc. (NYSE:J) Acquired by MQS Management LLC

MQS Management LLC acquired a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,275 shares of the company's stock, valued at approximately $517,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in J. National Bank of Canada FI increased its position in Jacobs Solutions by 956.8% during the 4th quarter. National Bank of Canada FI now owns 264,824 shares of the company's stock worth $35,386,000 after purchasing an additional 239,764 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Jacobs Solutions by 21.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,894 shares of the company's stock worth $1,684,000 after buying an additional 2,457 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Jacobs Solutions by 2.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company's stock worth $15,379,000 after buying an additional 3,451 shares in the last quarter. DAVENPORT & Co LLC lifted its stake in shares of Jacobs Solutions by 12.7% in the 1st quarter. DAVENPORT & Co LLC now owns 19,776 shares of the company's stock valued at $2,391,000 after acquiring an additional 2,222 shares during the last quarter. Finally, Gibraltar Capital Management Inc. boosted its holdings in shares of Jacobs Solutions by 13.9% during the 1st quarter. Gibraltar Capital Management Inc. now owns 56,003 shares of the company's stock valued at $6,770,000 after acquiring an additional 6,824 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Truist Financial increased their target price on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research report on Monday, May 12th. UBS Group cut their target price on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Citigroup decreased their price target on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Royal Bank Of Canada boosted their price objective on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Jacobs Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $150.86.

Jacobs Solutions Stock Down 0.8%

Shares of NYSE J opened at $135.17 on Monday. The company's 50 day moving average price is $128.02 and its 200-day moving average price is $127.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 1.50. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $156.31. The company has a market capitalization of $16.24 billion, a P/E ratio of 37.24, a price-to-earnings-growth ratio of 1.90 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.02. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $3 billion. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. Jacobs Solutions's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.91 earnings per share. Equities analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were given a dividend of $0.32 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.28 annualized dividend and a dividend yield of 0.95%. Jacobs Solutions's payout ratio is 35.26%.

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.

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