Jacobs Solutions Inc. (NYSE:J) Shares Acquired by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc increased its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 7.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,056 shares of the company's stock after purchasing an additional 4,683 shares during the quarter. Marks Group Wealth Management Inc owned approximately 0.05% of Jacobs Solutions worth $7,986,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of J. Colonial Trust Co SC raised its position 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 valued at $28,000 after buying an additional 205 shares in the last quarter. Avalon Trust Co purchased a new stake in Jacobs Solutions in the 4th quarter valued at about $33,000. Rossby Financial LCC purchased a new stake in shares of Jacobs Solutions in the first quarter valued at approximately $33,000. Assetmark Inc. grew its position in shares of Jacobs Solutions by 42.7% during the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after buying an additional 100 shares in the last quarter. Finally, Whipplewood Advisors LLC increased its position in Jacobs Solutions by 1,685.7% during 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. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Price Performance

Shares of NYSE:J traded down $1.04 during trading on Friday, reaching $135.17. The stock had a trading volume of 527,896 shares, compared to its average volume of 801,149. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $156.31. The stock has a market cap of $16.24 billion, a PE ratio of 37.24, a PEG ratio of 1.90 and a beta of 0.77. The business has a fifty day moving average price of $128.02 and a 200-day moving average price of $127.49. 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, topping 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 analyst estimates of $3 billion. During the same quarter in the previous year, the company posted $1.91 earnings per share. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Friday, May 23rd. Jacobs Solutions's dividend payout ratio is presently 35.26%.

Wall Street Analyst Weigh In

J has been the topic of several analyst reports. UBS Group cut 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. Royal Bank Of Canada boosted their price target on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Citigroup cut their price objective on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Truist Financial boosted their price target on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Jacobs Solutions presently has an average rating of "Moderate Buy" and an average price target of $150.86.

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.