Jacobs Solutions Inc. $J Shares Purchased by Citigroup Inc.

Key Points

• Citigroup Inc. increased its holdings in Jacobs Solutions Inc. by 66.2%, owning approximately 122,363 shares valued at $14.79 million as of its latest SEC filing.
• Major analysts raised price targets for Jacobs Solutions, with Citigroup, UBS Group, and Truist Financial adjusting targets to between $141.00 and $166.00, reflecting a positive outlook.
• Jacobs Solutions announced a quarterly dividend of $0.32 payable on September 19, indicating a 0.9% yield with a payout ratio of 31.92%.

Citigroup Inc. lifted its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 66.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 122,363 shares of the company's stock after acquiring an additional 48,755 shares during the quarter. Citigroup Inc. owned 0.10% of Jacobs Solutions worth $14,792,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of J. Colonial Trust Co SC increased its holdings in Jacobs Solutions by 10,250.0% in the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company's stock valued at $28,000 after buying an additional 205 shares during the last quarter. Rossby Financial LCC purchased a new position in Jacobs Solutions in the first quarter valued at $33,000. Optiver Holding B.V. boosted its stake in 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 acquiring an additional 190 shares in the last quarter. Whipplewood Advisors LLC boosted its stake in Jacobs Solutions by 1,685.7% in the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock valued at $45,000 after acquiring an additional 354 shares in the last quarter. Finally, Transce3nd LLC acquired a new position in Jacobs Solutions in the fourth quarter valued at $53,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

Shares of J traded down $0.63 during mid-day trading on Monday, hitting $147.33. 214,723 shares of the company's stock were exchanged, compared to its average volume of 821,123. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $152.40. The firm has a market capitalization of $17.61 billion, a P/E ratio of 36.72, a P/E/G ratio of 2.01 and a beta of 0.79. The business's 50 day moving average is $136.52 and its two-hundred day moving average is $128.59. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

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, topping the consensus estimate of $1.56 by $0.06. The business 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 business's quarterly revenue was down 28.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.96 earnings per share. On average, equities analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

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 given a $0.32 dividend. The ex-dividend date is Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. Jacobs Solutions's dividend payout ratio (DPR) is presently 31.92%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on J. Citigroup upped their price objective on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research note on Monday, July 28th. KeyCorp upped their price objective on shares of Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada upped their price objective on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Truist Financial upped their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research note on Monday, May 12th. Finally, UBS Group upped their price objective on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $155.25.

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.