GAMMA Investing LLC Has $33.35 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

GAMMA Investing LLC boosted its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 22,889.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 275,871 shares of the company's stock after acquiring an additional 274,671 shares during the quarter. GAMMA Investing LLC owned 0.23% of Jacobs Solutions worth $33,350,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Colonial Trust Co SC boosted its holdings in shares of Jacobs Solutions by 10,250.0% during the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after purchasing an additional 205 shares during the period. Avalon Trust Co acquired a new stake in shares of Jacobs Solutions during the 4th quarter valued at $33,000. Larson Financial Group LLC grew its holdings in shares of Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after acquiring an additional 115 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Jacobs Solutions by 42.7% during the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after acquiring an additional 100 shares in the last quarter. Finally, Optiver Holding B.V. increased its stake in shares of Jacobs Solutions by 113.8% in the fourth quarter. Optiver Holding B.V. now owns 357 shares of the company's stock worth $48,000 after acquiring an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

J traded up $2.30 on Friday, hitting $127.30. The company had a trading volume of 263,822 shares, compared to its average volume of 801,759. The company's fifty day moving average price is $122.04 and its 200 day moving average price is $128.78. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year 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 cap of $15.30 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last released 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. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter last year, the firm posted $1.91 earnings per share. The company's quarterly revenue was up 2.2% compared to the same quarter last year. Equities analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

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

Wall Street Analyst Weigh In

J has been the subject of a number of research reports. Royal Bank of Canada lifted their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. UBS Group lowered their price target on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Truist Financial raised their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research report on Monday, May 12th. Finally, Citigroup decreased their target price on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus 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.