Berger Financial Group Inc Has $4.81 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Key Points

• Berger Financial Group Inc increased its holdings in Jacobs Solutions Inc. by 11.3%, owning 39,824 shares valued at approximately $4.81 million.
• Several analysts have raised their target prices for Jacobs Solutions, with KeyCorp increasing the target from $155.00 to $157.00 and UBS raising it from $152.00 to $166.00, indicating a positive outlook for the stock.
• Jacobs Solutions announced a quarterly dividend of $0.32 per share, representing a 0.9% yield, with the dividend payout ratio at 31.92%.

Berger Financial Group Inc grew its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 11.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,824 shares of the company's stock after purchasing an additional 4,030 shares during the quarter. Berger Financial Group Inc's holdings in Jacobs Solutions were worth $4,814,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Colonial Trust Co SC grew its position in Jacobs Solutions by 10,250.0% during the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after buying an additional 205 shares in the last quarter. Rossby Financial LCC bought a new position in Jacobs Solutions during the 1st quarter valued at approximately $33,000. Whipplewood Advisors LLC increased its holdings in shares of Jacobs Solutions by 1,685.7% in the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock worth $45,000 after purchasing an additional 354 shares in the last quarter. Optiver Holding B.V. lifted its position in Jacobs Solutions by 113.8% during the fourth quarter. Optiver Holding B.V. now owns 357 shares of the company's stock valued at $48,000 after purchasing an additional 190 shares in the last quarter. Finally, Transce3nd LLC purchased a new position in shares of Jacobs Solutions in the fourth quarter valued at about $53,000. 85.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on J shares. UBS Group boosted their price target on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. KeyCorp upped their price target on Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Truist Financial raised their target price 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. Royal Bank Of Canada lifted their price target 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. Finally, Citigroup lifted their target price on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a report on Monday, July 28th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $155.25.

Jacobs Solutions Stock Down 0.2%

Shares of NYSE:J traded down $0.32 during midday trading on Monday, hitting $147.84. 623,573 shares of the company's stock traded hands, compared to its average volume of 769,231. 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 company has a market cap of $17.67 billion, a PE ratio of 36.87, a P/E/G ratio of 2.01 and a beta of 0.79. The firm's fifty day moving average price is $134.63 and its two-hundred day moving average price is $128.27. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $150.54.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, topping 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 4.16% and a return on equity of 17.13%. The company's revenue was down 28.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.96 EPS. On average, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

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

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.