Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 11.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 217,293 shares of the company's stock after acquiring an additional 22,074 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.18% of Jacobs Solutions worth $26,269,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Colonial Trust Co SC boosted 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 worth $28,000 after purchasing an additional 205 shares in the last quarter. Rossby Financial LCC purchased a new stake in shares of Jacobs Solutions during the 1st quarter worth $33,000. Whipplewood Advisors LLC boosted its position in shares of Jacobs Solutions by 1,685.7% during the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock worth $45,000 after purchasing an additional 354 shares in the last quarter. Optiver Holding B.V. boosted its position in shares of Jacobs Solutions by 113.8% during the 4th quarter. Optiver Holding B.V. now owns 357 shares of the company's stock worth $48,000 after purchasing an additional 190 shares in the last quarter. Finally, Transce3nd LLC purchased a new stake in shares of Jacobs Solutions during the 4th quarter worth $53,000. 85.65% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. 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 research report on Wednesday, May 7th. KeyCorp boosted their price objective on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. UBS Group boosted their target price on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Truist Financial boosted their target price on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research note on Monday, May 12th. Finally, Citigroup boosted their target price 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. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $155.25.
View Our Latest Stock Analysis on J
Jacobs Solutions Trading Down 0.4%
Shares of J traded down $0.66 during mid-day trading on Friday, hitting $147.67. The company had a trading volume of 124,905 shares, compared to its average volume of 821,674. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $152.40. The business's 50-day simple moving average is $136.11 and its 200-day simple moving average is $128.66. The stock has a market cap of $17.65 billion, a PE ratio of 36.83, a P/E/G ratio of 2.07 and a beta of 0.79. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.
Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.56 by $0.06. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the business posted $1.96 earnings per share. Jacobs Solutions's revenue for the quarter was down 28.4% compared to the same quarter last year. Sell-side analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.
Jacobs Solutions Announces Dividend
The firm also recently announced 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. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 22nd. Jacobs Solutions's dividend payout ratio is 31.92%.
Jacobs Solutions Profile
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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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