Everett Harris & Co. CA Has $17.12 Million Stake in Jacobs Solutions Inc. (NYSE:J)

Key Points

• Everett Harris & Co. CA increased its stake in Jacobs Solutions Inc. by 6.0%, owning 141,621 shares valued at approximately $17.12 million.
• Analysts are generally optimistic about Jacobs Solutions, with several firms raising their price targets and maintaining a consensus rating of "Moderate Buy" and an average target price of $155.25.
• Jacobs Solutions declared a quarterly dividend of $0.32, resulting in an annualized yield of 0.9%, with the payout ratio at 31.92%.

Everett Harris & Co. CA increased its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 141,621 shares of the company's stock after purchasing an additional 7,970 shares during the quarter. Everett Harris & Co. CA owned approximately 0.12% of Jacobs Solutions worth $17,121,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in J. Mirae Asset Global Investments Co. Ltd. raised its holdings in Jacobs Solutions by 21.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,894 shares of the company's stock worth $1,684,000 after purchasing an additional 2,457 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Jacobs Solutions by 2.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company's stock worth $15,379,000 after purchasing an additional 3,451 shares during the last quarter. Gibraltar Capital Management Inc. raised its holdings in Jacobs Solutions by 13.9% during the 1st quarter. Gibraltar Capital Management Inc. now owns 56,003 shares of the company's stock worth $6,770,000 after purchasing an additional 6,824 shares during the last quarter. DAVENPORT & Co LLC raised its holdings in Jacobs Solutions by 12.7% during the 1st quarter. DAVENPORT & Co LLC now owns 19,776 shares of the company's stock worth $2,391,000 after purchasing an additional 2,222 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its holdings in Jacobs Solutions by 5.5% during the 4th quarter. Evergreen Capital Management LLC now owns 69,123 shares of the company's stock worth $9,236,000 after purchasing an additional 3,609 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. KeyCorp boosted their target price on Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research report on Wednesday. UBS Group boosted their target price on Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research report on Wednesday. Truist Financial boosted their target price on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. Royal Bank Of Canada boosted their target price on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Citigroup boosted their target price on Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Four investment 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 stock currently has an average rating of "Moderate Buy" and a consensus price target of $155.25.

Jacobs Solutions Stock Up 0.8%

NYSE J traded up $1.20 during trading on Friday, hitting $148.18. The stock had a trading volume of 517,064 shares, compared to its average volume of 769,773. The company has a market capitalization of $17.71 billion, a PE ratio of 36.95, a P/E/G ratio of 2.01 and a beta of 0.79. The company's 50-day moving average price is $134.16 and its two-hundred day moving average price is $128.31. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.50 and a current ratio of 1.39. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $150.54.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, beating analysts' consensus estimates of $1.56 by $0.06. The company 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 company's quarterly revenue was down 28.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.96 EPS. As a group, sell-side analysts forecast 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, September 19th. Shareholders of record on Friday, August 22nd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 22nd. Jacobs Solutions's dividend payout ratio is currently 31.92%.

About Jacobs Solutions

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.