Cullen Frost Bankers Inc. Has $10.66 Million Stake in Jacobs Solutions Inc. (NYSE:J)

Cullen Frost Bankers Inc. raised its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,206 shares of the company's stock after purchasing an additional 4,695 shares during the quarter. Cullen Frost Bankers Inc. owned 0.07% of Jacobs Solutions worth $10,663,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in Jacobs Solutions by 1.8% during the 1st quarter. Victory Capital Management Inc. now owns 242,989 shares of the company's stock valued at $29,375,000 after purchasing an additional 4,314 shares during the period. Whittier Trust Co. raised its stake in Jacobs Solutions by 6.6% during the 1st quarter. Whittier Trust Co. now owns 4,818 shares of the company's stock valued at $582,000 after purchasing an additional 300 shares during the period. Apollon Wealth Management LLC raised its stake in Jacobs Solutions by 363.2% during the 1st quarter. Apollon Wealth Management LLC now owns 9,843 shares of the company's stock valued at $1,190,000 after purchasing an additional 7,718 shares during the period. MQS Management LLC acquired a new stake in Jacobs Solutions during the 1st quarter valued at $517,000. Finally, Prudent Man Advisors LLC raised its stake in Jacobs Solutions by 3.7% during the 1st quarter. Prudent Man Advisors LLC now owns 7,874 shares of the company's stock valued at $952,000 after purchasing an additional 278 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. UBS Group lowered their price target 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. KeyCorp upgraded shares of Jacobs Solutions from a "sector weight" rating to an "overweight" rating and set a $155.00 price target on the stock in a report on Wednesday. Truist Financial boosted their price target 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. Royal Bank Of Canada boosted their price target 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. Finally, Citigroup lowered their price target 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 equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $151.38.

Jacobs Solutions Stock Down 0.5%

NYSE:J traded down $0.63 during trading hours on Friday, reaching $138.67. The company's stock had a trading volume of 577,800 shares, compared to its average volume of 801,944. The company has a market cap of $16.66 billion, a price-to-earnings ratio of 38.20, a price-to-earnings-growth ratio of 1.94 and a beta of 0.77. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $156.31. The business's 50-day moving average is $129.19 and its 200-day moving average is $127.59. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.50 and a quick ratio of 1.50.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.02. The firm had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $3 billion. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. Jacobs Solutions's revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.91 earnings per share. Equities research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Friday, May 23rd. Jacobs Solutions's dividend payout ratio is presently 35.26%.

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.