Janney Montgomery Scott LLC Buys Shares of 80,360 Jacobs Solutions Inc. (NYSE:J)

Janney Montgomery Scott LLC purchased a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 80,360 shares of the company's stock, valued at approximately $9,715,000. Janney Montgomery Scott LLC owned approximately 0.07% of Jacobs Solutions at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in J. Colonial Trust Co SC grew its position in shares of Jacobs Solutions by 10,250.0% in the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company's stock valued at $28,000 after buying an additional 205 shares during the last quarter. Avalon Trust Co purchased a new stake in Jacobs Solutions in the 4th quarter valued at $33,000. Larson Financial Group LLC boosted its stake in Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock worth $37,000 after purchasing an additional 115 shares during the period. Assetmark Inc. grew its position in Jacobs Solutions by 42.7% during the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after purchasing an additional 100 shares during the last quarter. Finally, Whipplewood Advisors LLC increased its stake in Jacobs Solutions by 1,685.7% in the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock valued at $45,000 after purchasing an additional 354 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

J has been the subject of several recent research reports. Royal Bank Of Canada increased their target price 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. Truist Financial lifted their target price on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research note on Monday, May 12th. Citigroup cut their price target on 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 decreased their price target on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a report on Friday, May 9th. Four research 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 target price of $150.86.

Jacobs Solutions Price Performance

Shares of J traded up $1.38 during mid-day trading on Tuesday, hitting $129.64. The company's stock had a trading volume of 575,757 shares, compared to its average volume of 804,773. The firm has a 50-day simple moving average of $124.77 and a 200 day simple moving average of $127.76. The firm has a market capitalization of $15.58 billion, a P/E ratio of 35.71, a P/E/G ratio of 1.79 and a beta of 0.77. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68. 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 results 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 business had revenue of $2.91 billion during 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%. The business's revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.91 EPS. Analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Friday, May 23rd. Jacobs Solutions's dividend payout ratio is currently 35.26%.

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.