Exchange Traded Concepts LLC Acquires 27,055 Shares of Jacobs Solutions Inc. (NYSE:J)

Exchange Traded Concepts LLC increased its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 156.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,354 shares of the company's stock after acquiring an additional 27,055 shares during the period. Exchange Traded Concepts LLC's holdings in Jacobs Solutions were worth $5,362,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in J. Kovitz Investment Group Partners LLC grew its position in Jacobs Solutions by 345.9% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock valued at $619,676,000 after purchasing an additional 3,597,564 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Jacobs Solutions by 933.6% in the 4th quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock valued at $281,808,000 after acquiring an additional 1,904,988 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in shares of Jacobs Solutions by 15,913.6% in the 4th quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company's stock valued at $59,977,000 after acquiring an additional 446,057 shares in the last quarter. Deutsche Bank AG raised its holdings in Jacobs Solutions by 148.2% during the fourth quarter. Deutsche Bank AG now owns 664,564 shares of the company's stock worth $88,799,000 after acquiring an additional 396,759 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in Jacobs Solutions by 40.3% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,007,612 shares of the company's stock valued at $134,637,000 after purchasing an additional 289,573 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

Shares of J traded down $1.18 during trading hours on Thursday, hitting $127.28. The company had a trading volume of 573,301 shares, compared to its average volume of 805,348. The firm has a market cap of $15.29 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 1.80 and a beta of 0.77. The business has a fifty day moving average of $124.09 and a 200-day moving average of $128.13. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $156.31. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.68.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3 billion. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. Jacobs Solutions's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.91 EPS. Equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.01%. Jacobs Solutions's dividend payout ratio (DPR) is currently 35.26%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Royal Bank Of Canada boosted their price target 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 dropped their price target on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. UBS Group cut their price target on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, Truist Financial boosted their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research note on Monday, May 12th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.