M. Kulyk & Associates LLC Purchases 2,909 Shares of Jacobs Solutions Inc. (NYSE:J)

M. Kulyk & Associates LLC raised its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 18.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,260 shares of the company's stock after buying an additional 2,909 shares during the quarter. M. Kulyk & Associates LLC's holdings in Jacobs Solutions were worth $2,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Kovitz Investment Group Partners LLC grew its stake in Jacobs Solutions by 345.9% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock valued at $619,676,000 after purchasing an additional 3,597,564 shares during the last quarter. Geode Capital Management LLC boosted its position in Jacobs Solutions by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 3,155,839 shares of the company's stock valued at $420,626,000 after buying an additional 10,174 shares during the last quarter. Ninety One UK Ltd boosted its position in Jacobs Solutions by 9.5% in the first quarter. Ninety One UK Ltd now owns 2,176,944 shares of the company's stock valued at $263,171,000 after buying an additional 188,852 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in Jacobs Solutions by 933.6% in the fourth quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock valued at $281,808,000 after acquiring an additional 1,904,988 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Jacobs Solutions by 9.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,809,207 shares of the company's stock valued at $241,746,000 after acquiring an additional 157,086 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Performance

Shares of NYSE:J traded up $1.12 during midday trading on Friday, hitting $143.25. The company's stock had a trading volume of 114,778 shares, compared to its average volume of 823,266. The stock has a market capitalization of $17.21 billion, a price-to-earnings ratio of 39.49, a PEG ratio of 2.00 and a beta of 0.77. The stock's 50 day simple moving average is $130.53 and its 200 day simple moving average is $127.81. 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 debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 1.50.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $3 billion. During the same period in the previous year, the business earned $1.91 earnings per share. The company's quarterly revenue was up 2.2% on a year-over-year basis. As a group, 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 announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Friday, May 23rd. Jacobs Solutions's payout ratio is presently 35.26%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on J shares. Royal Bank Of Canada increased their price target on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Citigroup dropped their target price on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Truist Financial boosted their target price on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. UBS Group cut their price target on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, KeyCorp upgraded Jacobs Solutions from a "sector weight" rating to an "overweight" rating and set a $155.00 target price for the company in a research note on Wednesday, July 16th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $151.38.

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.