Arkadios Wealth Advisors Boosts Holdings in Jacobs Solutions Inc. (NYSE:J)

Key Points

• Arkadios Wealth Advisors increased its stake in Jacobs Solutions Inc. by 108.3%, acquiring an additional 4,490 shares and bringing its total holdings to 8,634 shares worth approximately $1,044,000.
• Multiple institutional investors have significantly increased their positions in Jacobs Solutions, with Kovitz Investment Group Partners raising their stake by 345.9% and Lazard Asset Management by 933.6% in the last quarter.
• Jacobs Solutions announced a quarterly dividend of $0.32, which will be paid on September 19th, indicating a dividend yield of 0.9% based on an annualized payout ratio of 35.26%.

Arkadios Wealth Advisors increased its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 108.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,634 shares of the company's stock after purchasing an additional 4,490 shares during the period. Arkadios Wealth Advisors' holdings in Jacobs Solutions were worth $1,044,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC boosted its stake in Jacobs Solutions by 15.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,807 shares of the company's stock worth $1,578,000 after buying an additional 1,553 shares during the period. Wellington Management Group LLP grew its holdings in Jacobs Solutions by 12.9% during the 4th quarter. Wellington Management Group LLP now owns 284,247 shares of the company's stock valued at $37,981,000 after purchasing an additional 32,515 shares during the last quarter. Alliancebernstein L.P. raised its position in Jacobs Solutions by 7.0% in the 4th quarter. Alliancebernstein L.P. now owns 153,063 shares of the company's stock worth $20,452,000 after purchasing an additional 10,043 shares during the period. Franklin Resources Inc. lifted its stake in Jacobs Solutions by 7.3% in the fourth quarter. Franklin Resources Inc. now owns 9,290 shares of the company's stock worth $1,241,000 after purchasing an additional 628 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Jacobs Solutions by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 3,155,839 shares of the company's stock valued at $420,626,000 after buying an additional 10,174 shares during the period. Hedge funds and other institutional investors own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

J has been the topic of several recent analyst reports. KeyCorp upgraded Jacobs Solutions from a "sector weight" rating to an "overweight" rating and set a $155.00 price target on the stock in a report on Wednesday, July 16th. Citigroup lifted their target price on Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. 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 report on Friday, May 9th. Truist Financial raised 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, Royal Bank Of Canada boosted their price objective on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Jacobs Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $153.25.

Jacobs Solutions Stock Up 3.8%

J traded up $5.26 on Tuesday, hitting $145.18. The company had a trading volume of 1,483,931 shares, compared to its average volume of 696,679. The stock has a market capitalization of $17.44 billion, a price-to-earnings ratio of 39.99, a P/E/G ratio of 1.97 and a beta of 0.79. The stock has a fifty day moving average price of $132.57 and a 200-day moving average price of $128.06. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $150.54. 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 (NYSE:J - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.06. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.09 billion. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. Jacobs Solutions's revenue was down 28.4% compared to the same quarter last year. During the same period last year, the firm earned $1.96 earnings per share. Analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 22nd. Jacobs Solutions's payout ratio is currently 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.