HighTower Advisors LLC Purchases 11,659 Shares of Jacobs Solutions Inc. $J

Key Points

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HighTower Advisors LLC increased its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 24.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,843 shares of the company's stock after purchasing an additional 11,659 shares during the period. HighTower Advisors LLC's holdings in Jacobs Solutions were worth $7,113,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of J. Benjamin Edwards Inc. increased its holdings in Jacobs Solutions by 5.3% in the 4th quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock valued at $231,000 after acquiring an additional 87 shares during the last quarter. Avidian Wealth Enterprises LLC increased its holdings in Jacobs Solutions by 4.3% in the 1st quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company's stock valued at $255,000 after acquiring an additional 87 shares during the last quarter. Kestra Private Wealth Services LLC increased its holdings in Jacobs Solutions by 2.6% in the 1st quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company's stock valued at $510,000 after acquiring an additional 108 shares during the last quarter. Ameritas Advisory Services LLC increased its holdings in Jacobs Solutions by 1.5% in the 1st quarter. Ameritas Advisory Services LLC now owns 8,034 shares of the company's stock valued at $989,000 after acquiring an additional 117 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in Jacobs Solutions by 0.9% in the 4th quarter. Cetera Investment Advisers now owns 15,502 shares of the company's stock valued at $2,071,000 after acquiring an additional 134 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on J. UBS Group lifted their price target on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. KeyCorp lifted their price objective on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Citigroup lifted their price objective on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Royal Bank Of Canada lifted their price objective on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, Truist Financial lifted their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research note on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $155.25.

Jacobs Solutions Price Performance

J stock opened at $147.06 on Tuesday. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $152.40. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average price of $136.91 and a 200 day moving average price of $128.64. The stock has a market cap of $17.58 billion, a PE ratio of 36.67, a P/E/G ratio of 2.01 and a beta of 0.79.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $1.56 by $0.06. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The firm had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same period in the previous year, the company earned $1.96 EPS. The firm's revenue for the quarter was down 28.4% compared to the same quarter last year. Equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. Jacobs Solutions's payout ratio is currently 31.92%.

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.

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