Jacobs Solutions Inc. (NYSE:J) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 0.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 782,819 shares of the company's stock after buying an additional 4,931 shares during the period. Charles Schwab Investment Management Inc. owned about 0.64% of Jacobs Solutions worth $94,635,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Colonial Trust Co SC lifted its holdings in Jacobs Solutions by 10,250.0% in the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company's stock valued at $28,000 after acquiring an additional 205 shares during the last quarter. Rossby Financial LCC bought a new stake in shares of Jacobs Solutions in the first quarter valued at approximately $33,000. Whipplewood Advisors LLC lifted its position in Jacobs Solutions by 1,685.7% in the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock worth $45,000 after purchasing an additional 354 shares during the period. Optiver Holding B.V. increased its stake in shares of Jacobs Solutions by 113.8% in the fourth quarter. Optiver Holding B.V. now owns 357 shares of the company's stock valued at $48,000 after buying an additional 190 shares in the last quarter. Finally, Transce3nd LLC acquired a new stake in shares of Jacobs Solutions in the fourth quarter valued at $53,000. Institutional investors own 85.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on J. Royal Bank Of Canada lifted their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Citigroup boosted their target price on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research note on Monday, July 28th. KeyCorp boosted their target price on Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. UBS Group upped their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Truist Financial raised their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research note on Monday, May 12th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $155.25.

Jacobs Solutions Stock Performance

Shares of J traded down $0.22 during trading hours on Friday, hitting $148.11. The stock had a trading volume of 626,284 shares, compared to its average volume of 726,404. The stock has a fifty day moving average price of $136.52 and a 200 day moving average price of $128.67. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $152.40. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market capitalization of $17.71 billion, a PE ratio of 36.94, a PEG ratio of 2.01 and a beta of 0.79.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly 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. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the prior year, the business posted $1.96 earnings per share. The company's revenue for the quarter was down 28.4% on a year-over-year basis. Analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently disclosed 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. This represents a $1.28 annualized dividend and a yield of 0.9%. The ex-dividend date 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.