Jacobs Solutions Inc. (NYSE:J) Shares Bought by Natixis Advisors LLC

Key Points

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Natixis Advisors LLC boosted its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 6.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 508,694 shares of the company's stock after buying an additional 29,242 shares during the quarter. Natixis Advisors LLC owned 0.42% of Jacobs Solutions worth $61,496,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. National Bank of Canada FI boosted its stake in shares of Jacobs Solutions by 956.8% in the fourth quarter. National Bank of Canada FI now owns 264,824 shares of the company's stock valued at $35,386,000 after purchasing an additional 239,764 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Jacobs Solutions by 21.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,894 shares of the company's stock valued at $1,684,000 after purchasing an additional 2,457 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Jacobs Solutions by 2.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company's stock valued at $15,379,000 after purchasing an additional 3,451 shares during the period. Gibraltar Capital Management Inc. boosted its stake in shares of Jacobs Solutions by 13.9% in the first quarter. Gibraltar Capital Management Inc. now owns 56,003 shares of the company's stock valued at $6,770,000 after purchasing an additional 6,824 shares during the period. Finally, DAVENPORT & Co LLC boosted its stake in shares of Jacobs Solutions by 12.7% in the first quarter. DAVENPORT & Co LLC now owns 19,776 shares of the company's stock valued at $2,391,000 after purchasing an additional 2,222 shares during the period. Hedge funds and other institutional investors own 85.65% of the company's stock.

Wall Street Analysts Forecast Growth

J has been the topic of several analyst reports. Royal Bank Of Canada raised their target price on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Citigroup raised their price objective on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a report on Monday, July 28th. 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 report on Friday, May 9th. KeyCorp raised shares of Jacobs Solutions from a "sector weight" rating to an "overweight" rating and set a $155.00 price objective on the stock in a report on Wednesday, July 16th. Finally, Truist Financial raised their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a report on Monday, May 12th. 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, Jacobs Solutions currently has a consensus rating of "Moderate Buy" and an average price target of $153.25.

Jacobs Solutions Stock Down 1.9%

NYSE J traded down $2.63 on Friday, reaching $139.24. The company had a trading volume of 1,043,912 shares, compared to its average volume of 616,574. The firm 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. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $150.54. The firm has a 50-day moving average of $132.28 and a 200-day moving average of $128.17. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.50 and a quick ratio of 1.50.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. The firm had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $3 billion. During the same period last year, the business posted $1.91 earnings per share. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 0.9%. Jacobs Solutions's dividend payout ratio (DPR) is currently 35.26%.

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.