Jacobs Solutions Inc. (NYSE:J) Stake Lifted by Greenwood Gearhart Inc.

Greenwood Gearhart Inc. raised its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 7.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,435 shares of the company's stock after buying an additional 4,644 shares during the quarter. Greenwood Gearhart Inc. owned about 0.06% of Jacobs Solutions worth $8,636,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC grew its stake in Jacobs Solutions by 345.9% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock worth $619,676,000 after acquiring an additional 3,597,564 shares during the period. Lazard Asset Management LLC grew its stake in Jacobs Solutions by 933.6% in the 4th quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock worth $281,808,000 after acquiring an additional 1,904,988 shares during the period. Deutsche Bank AG grew its stake in Jacobs Solutions by 148.2% in the 4th quarter. Deutsche Bank AG now owns 664,564 shares of the company's stock worth $88,799,000 after acquiring an additional 396,759 shares during the period. Vontobel Holding Ltd. grew its stake in Jacobs Solutions by 639.3% in the 1st quarter. Vontobel Holding Ltd. now owns 342,251 shares of the company's stock worth $41,375,000 after acquiring an additional 295,957 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Jacobs Solutions by 40.3% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,007,612 shares of the company's stock valued at $134,637,000 after buying an additional 289,573 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Stock Up 0.3%

Shares of Jacobs Solutions stock traded up $0.40 during trading on Thursday, reaching $142.12. The company had a trading volume of 217,916 shares, compared to its average volume of 826,815. The company has a market cap of $17.08 billion, a price-to-earnings ratio of 39.15, a price-to-earnings-growth ratio of 1.96 and a beta of 0.77. The firm's fifty day moving average is $130.27 and its 200-day moving average is $127.75. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 1.50. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $150.54.

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

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.28 annualized dividend and a dividend yield of 0.90%. Jacobs Solutions's payout ratio is currently 35.26%.

Analyst Ratings Changes

Several research analysts recently weighed in on J shares. UBS Group cut their target price 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 upped their price target on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Truist Financial upped their price target on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. Citigroup decreased 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, KeyCorp raised shares of Jacobs Solutions from a "sector weight" rating to an "overweight" rating and set a $155.00 price target for the company in a research report on Wednesday, July 16th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $151.38.

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.