Janney Montgomery Scott LLC Takes Position in Jacobs Solutions Inc. (NYSE:J)

Janney Montgomery Scott LLC bought a new position in Jacobs Solutions Inc. (NYSE:J - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 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 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in J. Exchange Traded Concepts LLC boosted its holdings in shares of Jacobs Solutions by 156.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 44,354 shares of the company's stock worth $5,362,000 after buying an additional 27,055 shares during the period. Dover Advisors LLC boosted its holdings in shares of Jacobs Solutions by 2.6% during the 1st quarter. Dover Advisors LLC now owns 7,019 shares of the company's stock worth $849,000 after buying an additional 180 shares during the period. Campbell Newman Asset Management Inc. boosted its holdings in shares of Jacobs Solutions by 0.6% during the 1st quarter. Campbell Newman Asset Management Inc. now owns 254,435 shares of the company's stock worth $30,759,000 after buying an additional 1,579 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Jacobs Solutions by 2.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company's stock worth $15,379,000 after buying an additional 3,451 shares during the period. Finally, New England Research & Management Inc. boosted its holdings in shares of Jacobs Solutions by 251.6% during the 1st quarter. New England Research & Management Inc. now owns 5,450 shares of the company's stock worth $659,000 after buying an additional 3,900 shares during the period. 85.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on J. UBS Group decreased their price objective 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. Citigroup decreased their price objective on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a report on Friday, April 25th. Truist Financial upped their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a report on Monday, May 12th. Finally, Royal Bank Of Canada upped 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. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Jacobs Solutions has a consensus rating of "Moderate Buy" and an average price target of $150.86.

Jacobs Solutions Stock Performance

NYSE:J traded up $0.02 during trading hours on Friday, hitting $127.36. 1,868,967 shares of the company traded hands, compared to its average volume of 807,170. The stock has a market capitalization of $15.30 billion, a price-to-earnings ratio of 35.09, a P/E/G ratio of 1.79 and a beta of 0.77. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $156.31. The firm has a 50-day moving average of $124.56 and a 200 day moving average of $127.90. 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 (NYSE:J - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. The firm 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 business's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.91 EPS. On average, analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 23rd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, May 23rd. Jacobs Solutions's dividend payout ratio is 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.