Louisbourg Investments Inc. Purchases 12,560 Shares of Jacobs Solutions Inc. (NYSE:J)

Louisbourg Investments Inc. lifted its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 39.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,328 shares of the company's stock after acquiring an additional 12,560 shares during the period. Jacobs Solutions makes up 1.3% of Louisbourg Investments Inc.'s holdings, making the stock its 29th biggest holding. Louisbourg Investments Inc.'s holdings in Jacobs Solutions were worth $5,359,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in J. QRG Capital Management Inc. lifted its stake in Jacobs Solutions by 6.2% during the 1st quarter. QRG Capital Management Inc. now owns 73,323 shares of the company's stock valued at $8,864,000 after acquiring an additional 4,284 shares in the last quarter. Great Lakes Retirement Inc. raised its holdings in shares of Jacobs Solutions by 5.2% in the first quarter. Great Lakes Retirement Inc. now owns 15,881 shares of the company's stock valued at $1,920,000 after purchasing an additional 781 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of Jacobs Solutions during the first quarter valued at about $530,000. Janney Montgomery Scott LLC bought a new position in shares of Jacobs Solutions during the first quarter valued at about $9,715,000. Finally, Exchange Traded Concepts LLC boosted its holdings in Jacobs Solutions by 156.4% during the first quarter. Exchange Traded Concepts LLC now owns 44,354 shares of the company's stock worth $5,362,000 after purchasing an additional 27,055 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Price Performance

Shares of J stock traded up $0.02 during trading on Friday, hitting $127.36. The company had a trading volume of 1,868,967 shares, compared to its average volume of 873,567. The stock's 50-day moving average is $124.34 and its two-hundred day moving average is $128.05. The stock has a market capitalization of $15.30 billion, a price-to-earnings ratio of 35.09, a price-to-earnings-growth ratio of 1.79 and a beta of 0.77. 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 $150.54.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $3 billion. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. The company's revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.91 earnings per share. As a group, analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions's dividend payout ratio (DPR) is 35.26%.

Analyst Upgrades and Downgrades

J has been the subject of several recent analyst reports. Royal Bank Of Canada upped their target price on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Truist Financial boosted their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. Citigroup reduced their price objective 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 lowered their target price on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.