Allspring Global Investments Holdings LLC Has $296.04 Million Position in Jacobs Solutions Inc. (NYSE:J)

Allspring Global Investments Holdings LLC lowered its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 0.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,426,915 shares of the company's stock after selling 9,200 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.98% of Jacobs Solutions worth $296,035,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. National Bank of Canada FI grew its holdings in shares of Jacobs Solutions by 956.8% during the fourth quarter. National Bank of Canada FI now owns 264,824 shares of the company's stock worth $35,386,000 after buying an additional 239,764 shares in the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Jacobs Solutions by 5.5% during the fourth quarter. Evergreen Capital Management LLC now owns 69,123 shares of the company's stock worth $9,236,000 after buying an additional 3,609 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew 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. Oppenheimer Asset Management Inc. grew its holdings in shares of Jacobs Solutions by 32.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 43,776 shares of the company's stock worth $5,849,000 after buying an additional 10,827 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Jacobs Solutions by 156.4% during the first quarter. Exchange Traded Concepts LLC now owns 44,354 shares of the company's stock worth $5,362,000 after buying an additional 27,055 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Analysts Set New Price Targets

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

Jacobs Solutions Stock Performance

Shares of NYSE J opened at $130.09 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $156.31. The stock has a 50 day moving average of $125.76 and a 200-day moving average of $127.69. The company has a market capitalization of $15.63 billion, a P/E ratio of 35.84, a P/E/G ratio of 1.82 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $3 billion. During the same period in the previous year, the company posted $1.91 EPS. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.28 annualized dividend and a yield of 0.98%. Jacobs Solutions's dividend payout ratio (DPR) is presently 35.26%.

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.

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