Bank OZK Increases Stake in Jacobs Solutions Inc. $J

Key Points

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Bank OZK raised its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 11.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,693 shares of the company's stock after buying an additional 1,751 shares during the period. Bank OZK's holdings in Jacobs Solutions were worth $2,018,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC raised its stake in Jacobs Solutions by 345.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock worth $619,676,000 after acquiring an additional 3,597,564 shares during the period. Ninety One UK Ltd raised its stake in Jacobs Solutions by 9.5% during the 1st quarter. Ninety One UK Ltd now owns 2,176,944 shares of the company's stock worth $263,171,000 after acquiring an additional 188,852 shares during the period. Invesco Ltd. raised its stake in Jacobs Solutions by 5.3% during the 1st quarter. Invesco Ltd. now owns 2,147,078 shares of the company's stock worth $259,560,000 after acquiring an additional 108,366 shares during the period. Lazard Asset Management LLC raised its stake in Jacobs Solutions by 933.6% during the 4th quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock worth $281,808,000 after acquiring an additional 1,904,988 shares during the period. Finally, Bank of America Corp DE raised its stake in Jacobs Solutions by 4.1% during the 4th quarter. Bank of America Corp DE now owns 1,782,488 shares of the company's stock worth $238,176,000 after acquiring an additional 70,470 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Trading Down 0.6%

J stock opened at $147.06 on Tuesday. The firm has a fifty day moving average price of $136.91 and a 200 day moving average price of $128.64. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $152.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $17.58 billion, a PE ratio of 36.67, a price-to-earnings-growth ratio of 2.01 and a beta of 0.79.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.06. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the firm posted $1.96 earnings per share. Jacobs Solutions's revenue for the quarter was down 28.4% compared to the same quarter last year. Sell-side analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. Jacobs Solutions's dividend payout ratio (DPR) is 31.92%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research report on Monday, May 12th. Royal Bank Of Canada lifted 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. UBS Group lifted their price objective on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. KeyCorp lifted their price objective on shares of Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Finally, Citigroup lifted their price objective on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Jacobs Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $155.25.

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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