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

Gibraltar Capital Management Inc. boosted its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 13.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,003 shares of the company's stock after purchasing an additional 6,824 shares during the period. Jacobs Solutions makes up approximately 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 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Colonial Trust Co SC boosted its holdings in shares of Jacobs Solutions by 10,250.0% in the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after buying an additional 205 shares during the last quarter. Avalon Trust Co bought a new stake in shares of Jacobs Solutions during the 4th quarter valued at $33,000. Rossby Financial LCC purchased a new position in Jacobs Solutions during the first quarter valued at $33,000. Larson Financial Group LLC lifted its position in Jacobs Solutions by 71.9% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after purchasing an additional 115 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in Jacobs Solutions by 42.7% during the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after purchasing an additional 100 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

Shares of NYSE:J traded down $0.31 during midday trading on Monday, reaching $132.30. 513,476 shares of the company were exchanged, compared to its average volume of 797,333. The stock has a market cap of $15.90 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 1.87 and a beta of 0.77. The business's fifty day moving average is $127.03 and its two-hundred day moving average is $127.48. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $156.31. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68.

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

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Friday, May 23rd. Jacobs Solutions's payout ratio is 35.26%.

Analyst Upgrades and Downgrades

J has been the topic of several recent research reports. Royal Bank Of Canada raised their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Truist Financial lifted their price target on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. Citigroup dropped their price target 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. Finally, UBS Group decreased their price objective on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.