Jefferies Financial Group Inc. Acquires New Stake in Jacobs Solutions Inc. (NYSE:J)

Key Points

• Jefferies Financial Group Inc. acquired a new stake in Jacobs Solutions, purchasing 145,338 shares valued at approximately $17.57 million, representing about 0.12% ownership of the company.
• Jacobs Solutions recently reported a quarterly earnings beat with $1.43 EPS, exceeding analyst expectations, and a revenue of $2.91 billion, which was slightly below estimates.
• The company announced a quarterly dividend of $0.32 to be paid on September 19th, contributing to an annualized dividend yield of 0.9%.

Jefferies Financial Group Inc. acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 145,338 shares of the company's stock, valued at approximately $17,570,000. Jefferies Financial Group Inc. owned about 0.12% of Jacobs Solutions at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Orion Portfolio Solutions LLC lifted its stake in shares of Jacobs Solutions by 0.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company's stock worth $1,471,000 after buying an additional 83 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Jacobs Solutions by 27.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 8,227 shares of the company's stock valued at $1,095,000 after acquiring an additional 1,763 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Jacobs Solutions by 15.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,807 shares of the company's stock valued at $1,578,000 after acquiring an additional 1,553 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Jacobs Solutions by 12.9% during the fourth quarter. Wellington Management Group LLP now owns 284,247 shares of the company's stock valued at $37,981,000 after acquiring an additional 32,515 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Jacobs Solutions by 7.0% during the fourth quarter. Alliancebernstein L.P. now owns 153,063 shares of the company's stock valued at $20,452,000 after acquiring an additional 10,043 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on J. UBS Group lowered their price objective 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. Royal Bank Of Canada boosted their target price on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. KeyCorp upgraded Jacobs Solutions from a "sector weight" rating to an "overweight" rating and set a $155.00 price target on the stock in a research note on Wednesday, July 16th. Citigroup lifted their price objective on Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a report on Monday. Finally, Truist Financial upped their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research report on Monday, May 12th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $153.25.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock opened at $141.93 on Friday. The firm has a market cap of $17.05 billion, a PE ratio of 39.10, a PEG ratio of 1.99 and a beta of 0.77. The stock has a 50 day moving average of $132.01 and a 200 day moving average of $128.15. 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 12 month low of $106.23 and a 12 month high of $150.54.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $3 billion. During the same quarter last year, the business earned $1.91 earnings per share. Jacobs Solutions's quarterly revenue was up 2.2% compared to the same quarter last year. On average, research analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. Jacobs Solutions's dividend payout ratio is currently 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.

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