Lecap Asset Management Ltd. Purchases New Position in Jacobs Solutions Inc. (NYSE:J)

Lecap Asset Management Ltd. bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 15,267 shares of the company's stock, valued at approximately $1,846,000.

Several other institutional investors have also recently bought and sold shares of the business. Orion Portfolio Solutions LLC raised its holdings in Jacobs Solutions by 0.8% during 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 during the last quarter. Benjamin Edwards Inc. raised its holdings in Jacobs Solutions by 5.3% during the fourth quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock worth $231,000 after buying an additional 87 shares during the last quarter. Evoke Wealth LLC raised its holdings in shares of Jacobs Solutions by 0.7% in the fourth quarter. Evoke Wealth LLC now owns 12,385 shares of the company's stock valued at $1,655,000 after purchasing an additional 88 shares during the last quarter. Assetmark Inc. increased its position in shares of Jacobs Solutions by 42.7% during the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after acquiring an additional 100 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Jacobs Solutions by 27.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 494 shares of the company's stock valued at $66,000 after acquiring an additional 107 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Citigroup decreased their price target on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Truist Financial lifted their price target on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research report on Monday, May 12th. UBS Group dropped their price objective on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, Royal Bank Of Canada lifted their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $150.86.

Jacobs Solutions Trading Up 0.4%

Shares of J traded up $0.53 during trading hours on Friday, hitting $130.09. The company had a trading volume of 766,784 shares, compared to its average volume of 800,332. The firm has a market cap of $15.63 billion, a P/E ratio of 35.84, a P/E/G ratio of 1.82 and a beta of 0.77. The stock's 50 day moving average price is $125.76 and its 200 day moving average price is $127.69. 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.

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, topping the consensus estimate of $1.41 by $0.02. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $3 billion. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. The company's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.91 earnings per share. On average, research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 23rd were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.28 annualized dividend and a dividend yield of 0.98%. 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.