Janney Capital Management LLC Makes New $432,000 Investment in Jacobs Solutions Inc. (NYSE:J)

Janney Capital Management LLC acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,574 shares of the company's stock, valued at approximately $432,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in J. Allworth Financial LP raised its position in Jacobs Solutions by 74.2% during the fourth quarter. Allworth Financial LP now owns 7,558 shares of the company's stock valued at $1,070,000 after acquiring an additional 3,219 shares in the last quarter. Principal Financial Group Inc. raised its position in Jacobs Solutions by 28.6% during the fourth quarter. Principal Financial Group Inc. now owns 187,235 shares of the company's stock valued at $25,018,000 after acquiring an additional 41,661 shares in the last quarter. CIBC Asset Management Inc raised its position in Jacobs Solutions by 31.7% during the fourth quarter. CIBC Asset Management Inc now owns 23,991 shares of the company's stock valued at $3,206,000 after acquiring an additional 5,774 shares in the last quarter. Truist Financial Corp raised its position in Jacobs Solutions by 6.0% during the fourth quarter. Truist Financial Corp now owns 70,341 shares of the company's stock valued at $9,399,000 after acquiring an additional 4,000 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position 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 purchasing an additional 537 shares during the period. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock traded up $0.92 during midday trading on Monday, hitting $128.25. The company had a trading volume of 437,079 shares, compared to its average volume of 805,689. The business's 50 day simple moving average is $124.77 and its two-hundred day simple moving average is $127.76. The stock has a market cap of $15.41 billion, a PE ratio of 35.33, a P/E/G ratio of 1.79 and a beta of 0.77. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.50 and a quick ratio of 1.50. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-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, topping the consensus estimate of $1.41 by $0.02. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $3 billion. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. Jacobs Solutions's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company posted $1.91 earnings per share. As a group, equities analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.32 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.00%. Jacobs Solutions's dividend payout ratio is currently 35.26%.

Analysts Set New Price Targets

J has been the topic of a number of recent analyst reports. Citigroup dropped their price target on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. UBS Group dropped their price target on shares of 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 lifted their price target on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research report on Monday, May 12th. Finally, Royal Bank Of Canada lifted their price target on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $150.86.

Jacobs Solutions Company 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.