IFM Investors Pty Ltd Boosts Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

IFM Investors Pty Ltd increased its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 12.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,603 shares of the company's stock after buying an additional 2,571 shares during the quarter. IFM Investors Pty Ltd's holdings in Jacobs Solutions were worth $2,959,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Colonial Trust Co SC raised its position in Jacobs Solutions by 10,250.0% in 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 purchased a new stake in Jacobs Solutions in the fourth quarter valued at approximately $33,000. Rossby Financial LCC purchased a new stake in Jacobs Solutions in the first quarter valued at approximately $33,000. Larson Financial Group LLC raised its position in Jacobs Solutions by 71.9% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after purchasing an additional 115 shares during the period. Finally, Assetmark Inc. raised its position in Jacobs Solutions by 42.7% in the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Price Performance

J traded up $0.68 on Tuesday, hitting $133.05. 501,869 shares of the company were exchanged, compared to its average volume of 796,157. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 1.50. The business's fifty day moving average is $127.23 and its 200 day moving average is $127.46. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $156.31. The firm has a market capitalization of $15.99 billion, a P/E ratio of 36.65, a price-to-earnings-growth ratio of 1.87 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.02. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3 billion. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.91 earnings per share. As a group, sell-side analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 23rd were given a $0.32 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.28 annualized dividend and a dividend yield of 0.96%. Jacobs Solutions's dividend payout ratio is presently 35.26%.

Analyst Ratings Changes

Several research firms have commented on J. Royal Bank Of Canada boosted their price target 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. Citigroup lowered their target price 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. 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 research report on Friday, May 9th. Finally, Truist Financial upped their target price on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Jacobs Solutions currently has an average rating of "Moderate Buy" and an average price target of $150.86.

About Jacobs Solutions

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.