Jacobs Solutions Inc. (NYSE:J) Shares Bought by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA lifted its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 143.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,911 shares of the company's stock after acquiring an additional 46,514 shares during the period. Compagnie Lombard Odier SCmA owned 0.06% of Jacobs Solutions worth $9,540,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Colonial Trust Co SC grew its stake in Jacobs Solutions by 10,250.0% during the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company's stock valued at $28,000 after acquiring an additional 205 shares in the last quarter. Avalon Trust Co purchased a new stake in shares of Jacobs Solutions during the 4th quarter worth approximately $33,000. Larson Financial Group LLC grew its holdings in shares of Jacobs Solutions by 71.9% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after purchasing an additional 115 shares in the last quarter. Assetmark Inc. increased its position in Jacobs Solutions by 42.7% in the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after purchasing an additional 100 shares during the last quarter. Finally, Optiver Holding B.V. raised its stake 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. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Up 0.4%

Jacobs Solutions stock traded up $0.52 during midday trading on Thursday, reaching $127.58. The company's stock had a trading volume of 400,874 shares, compared to its average volume of 805,153. The stock's 50-day simple moving average is $122.70 and its 200-day simple moving average is $128.58. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $156.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $15.33 billion, a P/E ratio of 26.31, a PEG ratio of 1.84 and a beta of 0.77.

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

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be given a $0.32 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.00%. Jacobs Solutions's dividend payout ratio (DPR) is currently 35.26%.

Wall Street Analyst Weigh In

J has been the topic of a number of research reports. UBS Group reduced their target price 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 boosted their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. 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. Finally, Citigroup dropped their target price on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $150.86.

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.