Robeco Institutional Asset Management B.V. Acquires 57,272 Shares of Jacobs Solutions Inc. (NYSE:J)

Robeco Institutional Asset Management B.V. lifted its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 78.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 130,137 shares of the company's stock after purchasing an additional 57,272 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.11% of Jacobs Solutions worth $15,732,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Orion Portfolio Solutions LLC lifted its stake in Jacobs Solutions by 0.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company's stock valued at $1,471,000 after buying an additional 83 shares during the last quarter. Benjamin Edwards Inc. lifted its position in Jacobs Solutions by 5.3% in the 4th quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock worth $231,000 after buying an additional 87 shares in the last quarter. Evoke Wealth LLC grew its stake in shares of Jacobs Solutions by 0.7% in the 4th quarter. Evoke Wealth LLC now owns 12,385 shares of the company's stock valued at $1,655,000 after buying an additional 88 shares in the last quarter. Assetmark Inc. lifted its position in shares of Jacobs Solutions by 42.7% in the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after buying an additional 100 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in Jacobs Solutions by 27.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 494 shares of the company's stock valued at $66,000 after buying an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Wall Street Analyst Weigh In

J has been the subject of several recent analyst reports. 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. Truist Financial boosted their price target on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. Citigroup decreased 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. Finally, UBS Group reduced their target price 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 assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $150.86.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock traded down $1.02 during trading hours on Wednesday, reaching $131.63. The company had a trading volume of 339,110 shares, compared to its average volume of 797,156. The business has a fifty day simple moving average of $126.36 and a 200 day simple moving average of $127.58. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a market cap of $15.82 billion, a PE ratio of 36.26, a price-to-earnings-growth ratio of 1.85 and a beta of 0.77. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $156.31.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. The company had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $3 billion. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. The firm's revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.91 EPS. On average, analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 23rd were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Friday, May 23rd. Jacobs Solutions's dividend payout ratio is presently 35.26%.

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.