Apella Capital LLC Acquires New Position in Jacobs Solutions Inc. (NYSE:J)

Apella Capital LLC acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,045 shares of the company's stock, valued at approximately $242,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Kovitz Investment Group Partners LLC raised its stake in Jacobs Solutions by 345.9% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock worth $619,676,000 after purchasing an additional 3,597,564 shares during the period. Lazard Asset Management LLC raised its stake in Jacobs Solutions by 933.6% during the fourth quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock worth $281,808,000 after purchasing an additional 1,904,988 shares during the period. Proficio Capital Partners LLC raised its stake in Jacobs Solutions by 15,913.6% during the fourth quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company's stock worth $59,977,000 after purchasing an additional 446,057 shares during the period. Deutsche Bank AG raised its stake in Jacobs Solutions by 148.2% during the fourth quarter. Deutsche Bank AG now owns 664,564 shares of the company's stock worth $88,799,000 after purchasing an additional 396,759 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in Jacobs Solutions by 40.3% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,007,612 shares of the company's stock worth $134,637,000 after purchasing an additional 289,573 shares during the period. Hedge funds and other institutional investors own 85.65% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on J shares. Citigroup cut their price target on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Royal Bank of Canada increased their price target 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. Truist Financial increased their price target on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research note on Monday, May 12th. Finally, UBS Group cut their price target on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $150.86.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $125.00 on Friday. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $156.31. The firm has a fifty day moving average of $122.04 and a 200-day moving average of $128.78. The firm has a market capitalization of $15.02 billion, a P/E ratio of 25.77, a PEG ratio of 1.84 and a beta of 0.77. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41.

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, topping the consensus estimate of $1.41 by $0.02. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $3 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The business's quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.91 earnings per share. As a group, 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 will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, May 23rd. Jacobs Solutions's payout ratio is 35.26%.

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.

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