Exchange Traded Concepts LLC Boosts Stake in Jacobs Solutions Inc. (NYSE:J)

Exchange Traded Concepts LLC lifted its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 156.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,354 shares of the company's stock after buying an additional 27,055 shares during the period. Exchange Traded Concepts LLC's holdings in Jacobs Solutions were worth $5,362,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Orion Portfolio Solutions LLC boosted its position in shares of Jacobs Solutions by 0.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company's stock valued at $1,471,000 after acquiring an additional 83 shares during the period. Benjamin Edwards Inc. lifted its stake in Jacobs Solutions by 5.3% in the fourth quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock worth $231,000 after purchasing an additional 87 shares during the last quarter. Evoke Wealth LLC boosted its holdings in Jacobs Solutions by 0.7% during the 4th quarter. Evoke Wealth LLC now owns 12,385 shares of the company's stock valued at $1,655,000 after acquiring an additional 88 shares during the period. Assetmark Inc. grew its holdings in shares of 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, Parkside Financial Bank & Trust grew its holdings in Jacobs Solutions by 27.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 494 shares of the company's stock worth $66,000 after acquiring an additional 107 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. UBS Group cut their price objective on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Royal Bank of Canada raised 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. Citigroup lowered their price target on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Truist Financial increased their price target on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Jacobs Solutions has an average rating of "Moderate Buy" and a consensus target price of $150.86.

Jacobs Solutions Trading Down 0.1%

Shares of NYSE:J traded down $0.08 during trading on Tuesday, reaching $129.64. 64,351 shares of the company were exchanged, compared to its average volume of 802,159. The business's fifty day simple moving average is $123.72 and its 200-day simple moving average is $128.14. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $156.31. The firm has a market capitalization of $15.58 billion, a PE ratio of 26.73, a P/E/G ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data 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 company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $3 billion. During the same period last year, the business posted $1.91 EPS. Jacobs Solutions's quarterly revenue was up 2.2% on a year-over-year basis. On average, research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.99%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions's payout ratio is 35.26%.

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.