LPL Financial LLC Has $13.36 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

LPL Financial LLC lifted its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,538 shares of the company's stock after acquiring an additional 4,612 shares during the period. LPL Financial LLC owned 0.09% of Jacobs Solutions worth $13,363,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Colonial Trust Co SC grew its holdings in shares of Jacobs Solutions by 10,250.0% during the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after purchasing an additional 205 shares during the period. Rossby Financial LCC acquired a new position in Jacobs Solutions during the first quarter valued at approximately $33,000. Optiver Holding B.V. grew its stake in Jacobs Solutions by 113.8% during the fourth quarter. Optiver Holding B.V. now owns 357 shares of the company's stock worth $48,000 after buying an additional 190 shares during the period. Whipplewood Advisors LLC grew its stake in Jacobs Solutions by 1,685.7% during the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock worth $45,000 after buying an additional 354 shares during the period. Finally, Transce3nd LLC acquired a new stake in shares of Jacobs Solutions in the fourth quarter worth $53,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on J. Citigroup lifted their price objective on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Truist Financial raised their price target 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 boosted 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. UBS Group raised their target price on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, KeyCorp increased their price target on Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $155.25.

Jacobs Solutions Stock Down 0.0%

NYSE:J traded down $0.01 during trading hours on Thursday, hitting $146.94. 586,325 shares of the stock traded hands, compared to its average volume of 773,848. The firm has a 50 day moving average price of $133.72 and a 200 day moving average price of $128.36. The firm has a market cap of $17.57 billion, a price-to-earnings ratio of 36.64, a PEG ratio of 2.05 and a beta of 0.79. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $150.54. The company has a current ratio of 1.39, a quick ratio of 1.50 and a debt-to-equity ratio of 0.65.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.06. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the firm earned $1.96 earnings per share. The firm's revenue was down 28.4% compared to the same quarter last year. Equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. Jacobs Solutions's payout ratio is currently 31.92%.

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.