Inspire Trust Co. N.A. Buys 17,220 Shares of Jacobs Solutions Inc. $J

Key Points

• Inspire Trust Co. N.A. increased its ownership in Jacobs Solutions Inc. by 176.1%, acquiring an additional 17,220 shares, resulting in total holdings of 27,000 shares valued at approximately $3.26 million.
• Jacobs Solutions recently announced a $0.32 quarterly dividend with a yield of 0.8%, scheduled for payment on September 19th; the company has a dividend payout ratio of 31.92%.
• Analysts have set an average price target of $155.25 for Jacobs Solutions, with six buy ratings and four hold ratings among research reports, reflecting confidence in the company's performance.

Inspire Trust Co. N.A. increased its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 176.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,000 shares of the company's stock after purchasing an additional 17,220 shares during the quarter. Inspire Trust Co. N.A.'s holdings in Jacobs Solutions were worth $3,264,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. increased its stake in Jacobs Solutions by 5.3% in the fourth quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock valued at $231,000 after purchasing an additional 87 shares during the period. Avidian Wealth Enterprises LLC grew its holdings in Jacobs Solutions by 4.3% during the first quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company's stock worth $255,000 after acquiring an additional 87 shares during the period. Tlwm grew its stake in shares of Jacobs Solutions by 1.7% during the 1st quarter. Tlwm now owns 6,225 shares of the company's stock worth $753,000 after purchasing an additional 105 shares during the period. Kestra Private Wealth Services LLC lifted its stake in shares of Jacobs Solutions by 2.6% in the first quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company's stock valued at $510,000 after purchasing an additional 108 shares during the period. Finally, Ameritas Advisory Services LLC boosted its holdings in Jacobs Solutions by 1.5% during the first quarter. Ameritas Advisory Services LLC now owns 8,034 shares of the company's stock worth $989,000 after buying an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Trading Down 0.6%

J stock traded down $0.89 during mid-day trading on Monday, reaching $147.06. 581,373 shares of the stock traded hands, compared to its average volume of 823,551. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $152.40. The stock's fifty day moving average is $136.52 and its 200-day moving average is $128.59. The company has a market cap of $17.58 billion, a P/E ratio of 36.67, a P/E/G ratio of 2.01 and a beta of 0.79. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.06. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%. The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the company earned $1.96 earnings per share. Jacobs Solutions's quarterly revenue was down 28.4% compared to the same quarter last year. As a group, sell-side analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 22nd. Jacobs Solutions's dividend payout ratio (DPR) is 31.92%.

Analyst Ratings Changes

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

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.