Jacobs Solutions Inc. (NYSE:J) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 22,889.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 275,871 shares of the company's stock after buying an additional 274,671 shares during the period. GAMMA Investing LLC owned approximately 0.23% of Jacobs Solutions worth $33,350,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC raised its stake in shares of Jacobs Solutions by 345.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock worth $619,676,000 after buying an additional 3,597,564 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Jacobs Solutions by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 3,155,839 shares of the company's stock worth $420,626,000 after buying an additional 10,174 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Jacobs Solutions by 933.6% during the 4th quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock worth $281,808,000 after buying an additional 1,904,988 shares during the last quarter. Ninety One UK Ltd raised its stake in shares of Jacobs Solutions by 29.2% during the 4th quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company's stock worth $265,649,000 after buying an additional 449,161 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Jacobs Solutions by 9.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,809,207 shares of the company's stock worth $241,746,000 after buying an additional 157,086 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

J stock traded up $2.74 during trading on Friday, hitting $127.74. The stock had a trading volume of 684,061 shares, compared to its average volume of 805,719. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $15.35 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The company's 50 day moving average price is $122.15 and its two-hundred day moving average price is $128.74. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $156.31.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. The company had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $3 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The firm's revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.91 EPS. On average, sell-side analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.00%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions's dividend payout ratio (DPR) is 35.26%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on J. UBS Group cut 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. Royal Bank of Canada lifted their price target on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Citigroup cut their price target on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Truist Financial boosted their target price on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company 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 company. According to data from MarketBeat.com, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $150.86.

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.