NBC Securities Inc. Acquires 2,700 Shares of Jacobs Solutions Inc. (NYSE:J)

NBC Securities Inc. boosted its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 135,000.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,702 shares of the company's stock after buying an additional 2,700 shares during the period. NBC Securities Inc.'s holdings in Jacobs Solutions were worth $326,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of J. Stratos Wealth Partners LTD. boosted its holdings in shares of Jacobs Solutions by 1.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company's stock valued at $1,305,000 after acquiring an additional 175 shares in the last quarter. National Bank of Canada FI lifted its holdings 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 buying an additional 239,764 shares during the period. Keene & Associates Inc. bought a new stake in Jacobs Solutions in the fourth quarter worth about $2,973,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Jacobs Solutions by 34.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,437 shares of the company's stock valued at $1,545,000 after acquiring an additional 2,949 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its position in shares of Jacobs Solutions by 5.5% during the 4th quarter. Evergreen Capital Management LLC now owns 69,123 shares of the company's stock valued at $9,236,000 after purchasing an additional 3,609 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on J shares. Citigroup dropped their target price on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Royal Bank of Canada upped their price target on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Truist Financial raised their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research note on Monday, May 12th. Finally, 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 report on Friday, May 9th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $150.86.

Jacobs Solutions Stock Down 0.3%

NYSE:J traded down $0.39 during trading hours on Tuesday, hitting $127.35. 604,437 shares of the stock traded hands, compared to its average volume of 805,004. The firm has a 50 day moving average price of $122.39 and a 200 day moving average price of $128.59. The firm has a market cap of $15.30 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $156.31. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3 billion. During the same period in the previous year, the firm earned $1.91 earnings per share. Jacobs Solutions's quarterly revenue was up 2.2% on a year-over-year basis. Equities 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 declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions's dividend payout ratio is currently 35.26%.

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.