Cidel Asset Management Inc. boosted its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 18.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 324,325 shares of the company's stock after buying an additional 51,166 shares during the quarter. Jacobs Solutions makes up 2.6% of Cidel Asset Management Inc.'s holdings, making the stock its 10th biggest holding. Cidel Asset Management Inc. owned approximately 0.26% of Jacobs Solutions worth $39,208,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Colonial Trust Co SC increased its holdings in shares of Jacobs Solutions by 10,250.0% during the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after buying an additional 205 shares in the last quarter. Avalon Trust Co bought a new stake in Jacobs Solutions during the 4th quarter worth $33,000. Larson Financial Group LLC increased its holdings in Jacobs Solutions by 71.9% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock worth $37,000 after purchasing an additional 115 shares in the last quarter. Assetmark Inc. increased its holdings in Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after purchasing an additional 100 shares in the last quarter. Finally, Optiver Holding B.V. raised its position in Jacobs Solutions by 113.8% in the fourth quarter. Optiver Holding B.V. now owns 357 shares of the company's stock valued at $48,000 after purchasing an additional 190 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on J shares. Truist Financial boosted their price target on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research note on Monday, May 12th. Citigroup lowered their price objective on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Royal Bank Of Canada increased their target price 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, 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. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $150.86.
Read Our Latest Stock Report on J
Jacobs Solutions Stock Performance
Shares of J stock traded down $0.78 during trading on Wednesday, reaching $131.87. 664,168 shares of the company's stock traded hands, compared to its average volume of 799,674. The firm's 50-day moving average is $126.36 and its 200 day moving average is $127.58. The company has a market capitalization of $15.85 billion, a P/E ratio of 36.33, a PEG ratio of 1.86 and a beta of 0.77. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $156.31. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68.
Jacobs Solutions (NYSE:J - Get Free Report) last issued its 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 return on equity of 15.67% and a net margin of 3.53%. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter last year, the company earned $1.91 EPS. The firm's revenue was up 2.2% compared to the same quarter last year. Equities research analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current year.
Jacobs Solutions Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Friday, May 23rd. Jacobs Solutions's dividend payout ratio is currently 35.26%.
About Jacobs Solutions
(
Free Report)
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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