Bremer Bank National Association Buys 2,223 Shares of Jacobs Solutions Inc. (NYSE:J)

Bremer Bank National Association boosted its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 8.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 28,964 shares of the company's stock after buying an additional 2,223 shares during the period. Bremer Bank National Association's holdings in Jacobs Solutions were worth $3,501,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Kovitz Investment Group Partners LLC raised its holdings 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 buying an additional 3,597,564 shares during the period. Geode Capital Management LLC raised its holdings in Jacobs Solutions by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 3,155,839 shares of the company's stock worth $420,626,000 after buying an additional 10,174 shares during the period. Lazard Asset Management LLC raised its holdings 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 buying an additional 1,904,988 shares during the period. Ninety One UK Ltd raised its holdings in Jacobs Solutions by 29.2% during the 4th quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company's stock worth $265,649,000 after buying an additional 449,161 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in Jacobs Solutions by 9.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,809,207 shares of the company's stock worth $241,746,000 after buying an additional 157,086 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Up 2.2%

Shares of NYSE:J traded up $2.74 during midday trading on Friday, hitting $127.74. The stock had a trading volume of 684,061 shares, compared to its average volume of 804,516. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $156.31. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The business's 50-day simple moving average is $122.15 and its 200-day simple moving average is $128.74. The company has a market cap of $15.35 billion, a P/E ratio of 26.34, a PEG ratio of 1.84 and a beta of 0.77.

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

Jacobs Solutions Announces Dividend

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 paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 annualized dividend and a dividend yield of 1.00%. Jacobs Solutions's dividend payout ratio is presently 35.26%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. UBS Group lowered their price objective 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. 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 report on Wednesday, May 7th. 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 report on Monday, May 12th. Finally, Citigroup lowered their price objective on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Jacobs Solutions has an average rating of "Moderate Buy" and a consensus target price of $150.86.

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.