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Mackenzie Financial Corp Has $20.92 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Jacobs Solutions logo with Business Services background

Key Points

  • Mackenzie Financial Corp has increased its stake in Jacobs Solutions Inc. by 14.8% during the first quarter, now owning 173,068 shares valued at approximately $20.9 million.
  • Analyst ratings for Jacobs Solutions have shown positive momentum, with several upgrades and a consensus price target of $153.25, indicating a generally favorable outlook for the company.
  • Jacobs Solutions reported a net revenue of $2.91 billion in its most recent quarter, slightly below expectations, while earnings per share were $1.43, surpassing the consensus estimate.
  • Five stocks to consider instead of Jacobs Solutions.

Mackenzie Financial Corp grew its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 14.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,068 shares of the company's stock after acquiring an additional 22,344 shares during the period. Mackenzie Financial Corp owned about 0.14% of Jacobs Solutions worth $20,922,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Colonial Trust Co SC lifted its position in 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 last quarter. Rossby Financial LCC bought a new stake in Jacobs Solutions in the 1st quarter valued at about $33,000. Whipplewood Advisors LLC lifted its position in 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 last quarter. Optiver Holding B.V. lifted its position in Jacobs Solutions by 113.8% in the 4th quarter. Optiver Holding B.V. now owns 357 shares of the company's stock valued at $48,000 after purchasing an additional 190 shares during the last quarter. Finally, Transce3nd LLC bought a new stake in Jacobs Solutions in the 4th quarter valued at about $53,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. UBS Group cut their price objective on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Citigroup boosted their price target on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research report on Monday. Truist Financial boosted their price target on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. KeyCorp upgraded shares of Jacobs Solutions from a "sector weight" rating to an "overweight" rating and set a $155.00 price target on the stock in a research report on Wednesday, July 16th. Finally, Royal Bank Of Canada boosted their price target on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $153.25.

Get Our Latest Stock Report on J

Jacobs Solutions Trading Down 1.9%

Shares of Jacobs Solutions stock traded down $2.63 during trading on Friday, hitting $139.24. The stock had a trading volume of 1,043,912 shares, compared to its average volume of 616,574. The stock has a 50 day simple moving average of $132.28 and a 200 day simple moving average of $128.17. The company has a market capitalization of $16.73 billion, a PE ratio of 38.36, a P/E/G ratio of 2.00 and a beta of 0.79. 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 1 year low of $106.23 and a 1 year high of $150.54.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. The firm 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 firm posted $1.91 earnings per share. The firm's revenue was up 2.2% on a year-over-year basis. On average, research analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. Jacobs Solutions's payout ratio is presently 35.26%.

Jacobs Solutions Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Jacobs Solutions (NYSE:J)

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