Vontobel Holding Ltd. Increases Stock Position in Jacobs Solutions Inc. (NYSE:J)

Vontobel Holding Ltd. grew its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 639.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 342,251 shares of the company's stock after acquiring an additional 295,957 shares during the period. Vontobel Holding Ltd. owned about 0.28% of Jacobs Solutions worth $41,375,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. IFP Advisors Inc boosted its holdings in Jacobs Solutions by 123.0% during the 4th quarter. IFP Advisors Inc now owns 1,715 shares of the company's stock valued at $229,000 after acquiring an additional 946 shares during the period. Versor Investments LP lifted its position in shares of Jacobs Solutions by 6.8% during the fourth quarter. Versor Investments LP now owns 3,310 shares of the company's stock worth $442,000 after purchasing an additional 210 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Jacobs Solutions by 27.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 494 shares of the company's stock worth $66,000 after purchasing an additional 107 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Jacobs Solutions by 387.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,593 shares of the company's stock worth $213,000 after purchasing an additional 1,266 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of Jacobs Solutions by 43.6% in the fourth quarter. Jones Financial Companies Lllp now owns 67,321 shares of the company's stock valued at $8,995,000 after purchasing an additional 20,435 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Up 0.9%

Jacobs Solutions stock traded up $1.16 during midday trading on Tuesday, reaching $132.61. The company's stock had a trading volume of 708,840 shares, compared to its average volume of 798,266. The company has a market cap of $15.93 billion, a P/E ratio of 36.53, a P/E/G ratio of 1.83 and a beta of 0.77. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.68. The business has a 50-day simple moving average of $126.07 and a 200-day simple moving average of $127.55. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $156.31.

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 business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3 billion. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. The business's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $1.91 EPS. On average, research analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal 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 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 of this dividend was Friday, May 23rd. Jacobs Solutions's dividend payout ratio (DPR) is 35.26%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on J shares. Citigroup reduced their target price on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Royal Bank Of Canada increased their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. UBS Group decreased their target price on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, Truist Financial upped their price target on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a report on Monday, May 12th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus 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.