Louisbourg Investments Inc. Has $5.36 Million Stock Holdings in 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 first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,328 shares of the company's stock after buying an additional 12,560 shares during the period. Jacobs Solutions comprises 1.3% of Louisbourg Investments Inc.'s holdings, making the stock its 29th largest position. Louisbourg Investments Inc.'s holdings in Jacobs Solutions were worth $5,359,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Colonial Trust Co SC raised its holdings 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 purchasing an additional 205 shares during the period. Avalon Trust Co bought a new stake in shares of Jacobs Solutions in the 4th quarter valued at about $33,000. Larson Financial Group LLC raised its holdings in shares of Jacobs Solutions by 71.9% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after purchasing an additional 115 shares during the period. Assetmark Inc. raised its holdings in shares of Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after purchasing an additional 100 shares during the period. Finally, Whipplewood Advisors LLC raised its holdings in shares of Jacobs Solutions by 1,685.7% in the 1st 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 currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Truist Financial upped their target price on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. Royal Bank of Canada increased their price target on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Citigroup lowered their price target on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, UBS Group lowered their price target on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $150.86.

Jacobs Solutions Stock Up 2.9%

Shares of J opened at $129.60 on Tuesday. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $156.31. The firm's 50 day moving average is $123.72 and its 200-day moving average is $128.14. The stock has a market capitalization of $15.57 billion, a PE ratio of 26.72, a P/E/G ratio of 1.84 and a beta of 0.77. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The company had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $3 billion. During the same period last year, the firm earned $1.91 earnings per share. The business's revenue for the quarter was up 2.2% on a year-over-year basis. Equities research analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be paid a $0.32 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 0.99%. Jacobs Solutions's dividend payout ratio (DPR) is 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.

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