Hennion & Walsh Asset Management Inc. Has $455,000 Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Hennion & Walsh Asset Management Inc. decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 50.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 3,764 shares of the company's stock after selling 3,807 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Jacobs Solutions were worth $455,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Colonial Trust Co SC grew its holdings in Jacobs Solutions by 10,250.0% during the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company's stock valued at $28,000 after purchasing an additional 205 shares during the period. Avalon Trust Co acquired a new position in shares of Jacobs Solutions in the 4th quarter valued at $33,000. Larson Financial Group LLC increased its position in shares of Jacobs Solutions by 71.9% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after buying an additional 115 shares in the last quarter. Assetmark Inc. increased its position in shares of Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after buying an additional 100 shares in the last quarter. Finally, Whipplewood Advisors LLC raised its stake in Jacobs Solutions by 1,685.7% during the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock worth $45,000 after buying an additional 354 shares during the period. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Up 0.4%

Shares of J stock traded up $0.52 during trading on Thursday, reaching $127.58. The company's stock had a trading volume of 400,874 shares, compared to its average volume of 804,530. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $156.31. The business has a fifty day moving average price of $122.70 and a 200-day moving average price of $128.58. The company has a market cap of $15.33 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41.

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

Jacobs Solutions Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently commented on J. Citigroup dropped their price target on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. UBS Group reduced their price target on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a report on Friday, May 9th. Royal Bank of Canada raised their price objective 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, Truist Financial boosted their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research report on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $150.86.

Jacobs Solutions 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.