Gibraltar Capital Management Inc. Purchases 6,824 Shares of Jacobs Solutions Inc. (NYSE:J)

Gibraltar Capital Management Inc. lifted its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 13.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,003 shares of the company's stock after buying an additional 6,824 shares during the period. Jacobs Solutions comprises 1.5% of Gibraltar Capital Management Inc.'s holdings, making the stock its 29th largest position. Gibraltar Capital Management Inc.'s holdings in Jacobs Solutions were worth $6,770,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. National Bank of Canada FI increased its stake in Jacobs Solutions by 956.8% during the 4th quarter. National Bank of Canada FI now owns 264,824 shares of the company's stock worth $35,386,000 after acquiring an additional 239,764 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Jacobs Solutions by 21.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,894 shares of the company's stock worth $1,684,000 after buying an additional 2,457 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Jacobs Solutions by 2.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company's stock worth $15,379,000 after buying an additional 3,451 shares during the last quarter. DAVENPORT & Co LLC grew its stake in shares of Jacobs Solutions by 12.7% in the first 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 grew its stake in shares of Jacobs Solutions by 5.5% in the fourth 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 currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on J shares. UBS Group lowered their target price on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Truist Financial upped their target price on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a report on Monday, May 12th. Royal Bank Of Canada upped their target price on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, Citigroup lowered their target price on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $150.86.

Jacobs Solutions Trading Up 1.5%

Shares of J traded up $2.07 during trading hours on Thursday, hitting $136.27. The company had a trading volume of 668,048 shares, compared to its average volume of 798,294. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.68. The firm has a market cap of $16.37 billion, a P/E ratio of 37.54, a P/E/G ratio of 1.87 and a beta of 0.77. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $156.31. The stock's 50 day moving average price is $127.62 and its 200 day moving average price is $127.55.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.02. The business had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $3 billion. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. The business's revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.91 EPS. On average, research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 0.94%. Jacobs Solutions's dividend payout ratio is presently 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.