Janney Capital Management LLC Takes $432,000 Position in Jacobs Solutions Inc. (NYSE:J)

Janney Capital Management LLC bought a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,574 shares of the company's stock, valued at approximately $432,000.

A number of other institutional investors have also modified their holdings of J. Allworth Financial LP boosted its stake in shares of Jacobs Solutions by 74.2% in the fourth quarter. Allworth Financial LP now owns 7,558 shares of the company's stock valued at $1,070,000 after buying an additional 3,219 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Jacobs Solutions by 28.6% in the fourth quarter. Principal Financial Group Inc. now owns 187,235 shares of the company's stock valued at $25,018,000 after buying an additional 41,661 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Jacobs Solutions by 31.7% in the fourth quarter. CIBC Asset Management Inc now owns 23,991 shares of the company's stock valued at $3,206,000 after buying an additional 5,774 shares in the last quarter. Truist Financial Corp boosted its stake in shares of Jacobs Solutions by 6.0% in the fourth quarter. Truist Financial Corp now owns 70,341 shares of the company's stock valued at $9,399,000 after buying an additional 4,000 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its stake in shares of Jacobs Solutions by 7.9% in the fourth quarter. D.A. Davidson & CO. now owns 7,370 shares of the company's stock valued at $985,000 after buying an additional 537 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on J. UBS Group decreased their target price on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Truist Financial boosted their target price on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. Royal Bank Of Canada boosted their target price on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Citigroup decreased their target price on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Jacobs Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $150.86.

Jacobs Solutions Stock Down 0.9%

Shares of NYSE:J opened at $127.28 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.68. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $156.31. The stock's fifty day simple moving average is $124.34 and its 200-day simple moving average is $128.05. The company has a market capitalization of $15.29 billion, a P/E ratio of 35.06, a P/E/G ratio of 1.79 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $3 billion. During the same period in the prior year, the business earned $1.91 earnings per share. The business's revenue was up 2.2% on a year-over-year basis. As a group, equities research analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be given a $0.32 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.28 annualized dividend and a dividend yield of 1.01%. Jacobs Solutions's dividend payout ratio is currently 35.26%.

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.

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