2,045 Shares in Jacobs Solutions Inc. (NYSE:J) Acquired by Apella Capital LLC

Apella Capital LLC acquired a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,045 shares of the company's stock, valued at approximately $242,000.

Several other hedge funds also recently modified their holdings of J. Stratos Wealth Partners LTD. raised its stake in Jacobs Solutions by 1.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company's stock valued at $1,305,000 after buying an additional 175 shares during the period. National Bank of Canada FI lifted its holdings 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 valued at $35,386,000 after purchasing an additional 239,764 shares during the last quarter. Keene & Associates Inc. acquired a new position in shares of Jacobs Solutions in the fourth quarter valued at $2,973,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Jacobs Solutions by 34.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,437 shares of the company's stock valued at $1,545,000 after purchasing an additional 2,949 shares during the period. Finally, Evergreen Capital Management LLC boosted its holdings in shares of Jacobs Solutions by 5.5% during the 4th 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 during the period. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

Jacobs Solutions stock remained flat at $127.67 during trading hours on Monday. 574,369 shares of the company's stock were exchanged, compared to its average volume of 804,793. The stock has a fifty day moving average price of $122.15 and a 200 day moving average price of $128.67. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $156.31. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $15.34 billion, a P/E ratio of 26.32, a P/E/G ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the firm posted $1.91 earnings per share. The firm's revenue was up 2.2% compared to the same quarter last year. On average, analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions's dividend payout ratio is currently 35.26%.

Wall Street Analyst Weigh In

J has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Citigroup reduced their price target on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Truist Financial increased their price objective 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, UBS Group reduced their target price on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $150.86.

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.