5,359 Shares in Jacobs Solutions Inc. $J Purchased by Harfst & Associates Inc.

Key Points

• Harfst & Associates Inc. has invested $648,000 in Jacobs Solutions Inc. by acquiring 5,359 shares, as reported in their 13F filing with the SEC.
• The stock opened at $152.22 with a market cap of $18.20 billion and a notable debt-to-equity ratio of 0.65.
• Jacobs Solutions recently announced a quarterly dividend of $0.32 per share, which will be paid on September 19th, representing a 0.8% dividend yield.

Harfst & Associates Inc. acquired a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,359 shares of the company's stock, valued at approximately $648,000.

Other large investors have also bought and sold shares of the company. Kovitz Investment Group Partners LLC boosted its stake in shares of Jacobs Solutions by 345.9% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock valued at $619,676,000 after purchasing an additional 3,597,564 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Jacobs Solutions by 933.6% in the fourth quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock worth $281,808,000 after purchasing an additional 1,904,988 shares in the last quarter. Deutsche Bank AG increased its holdings in Jacobs Solutions by 148.2% in the fourth quarter. Deutsche Bank AG now owns 664,564 shares of the company's stock worth $88,799,000 after purchasing an additional 396,759 shares in the last quarter. Nuveen LLC acquired a new stake in Jacobs Solutions in the first quarter valued at approximately $43,251,000. Finally, Vontobel Holding Ltd. grew its stake in Jacobs Solutions by 639.3% in the first quarter. Vontobel Holding Ltd. now owns 342,251 shares of the company's stock valued at $41,375,000 after acquiring an additional 295,957 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

Shares of J traded down $0.89 during mid-day trading on Monday, hitting $147.06. The stock had a trading volume of 580,950 shares, compared to its average volume of 821,581. The firm has a market cap of $17.58 billion, a P/E ratio of 36.67, a PEG ratio of 2.01 and a beta of 0.79. The business has a fifty day moving average price of $136.52 and a 200-day moving average price of $128.59. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $152.40.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.06. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.09 billion. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%. The business's revenue was down 28.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.96 earnings per share. On average, equities research analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 22nd. Jacobs Solutions's payout ratio is presently 31.92%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on J shares. KeyCorp raised their price objective on Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada lifted their target price 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 lifted their target price on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Truist Financial lifted their target price on 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 lifted their target price on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $155.25.

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.