New England Research & Management Inc. Increases Stake in Jacobs Solutions Inc. (NYSE:J)

New England Research & Management Inc. raised its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 251.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,450 shares of the company's stock after purchasing an additional 3,900 shares during the period. New England Research & Management Inc.'s holdings in Jacobs Solutions were worth $659,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. NorthCrest Asset Manangement LLC lifted its position in Jacobs Solutions by 3.7% during the first quarter. NorthCrest Asset Manangement LLC now owns 35,341 shares of the company's stock valued at $4,272,000 after purchasing an additional 1,254 shares during the last quarter. Compagnie Lombard Odier SCmA raised its position in shares of Jacobs Solutions by 143.6% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 78,911 shares of the company's stock valued at $9,540,000 after buying an additional 46,514 shares in the last quarter. Greenwood Capital Associates LLC lifted its holdings in shares of Jacobs Solutions by 31.1% in the 1st quarter. Greenwood Capital Associates LLC now owns 37,437 shares of the company's stock valued at $4,526,000 after acquiring an additional 8,885 shares during the last quarter. McKinley Carter Wealth Services Inc. grew its position in Jacobs Solutions by 2.6% in the first quarter. McKinley Carter Wealth Services Inc. now owns 58,559 shares of the company's stock worth $7,079,000 after acquiring an additional 1,471 shares in the last quarter. Finally, CX Institutional increased its stake in Jacobs Solutions by 11.3% during the first quarter. CX Institutional now owns 7,861 shares of the company's stock worth $950,000 after acquiring an additional 799 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Wall Street Analysts Forecast Growth

J has been the subject of several analyst reports. Royal Bank Of Canada raised their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Truist Financial increased 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. Citigroup dropped their price objective on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, UBS Group reduced their target price on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $150.86.

Jacobs Solutions Trading Down 1.0%

J stock traded down $1.27 during midday trading on Tuesday, reaching $128.45. The company's stock had a trading volume of 511,675 shares, compared to its average volume of 805,321. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $156.31. The firm has a market capitalization of $15.43 billion, a price-to-earnings ratio of 35.39, a PEG ratio of 1.82 and a beta of 0.77. The stock has a fifty day simple moving average of $123.92 and a two-hundred day simple moving average of $128.14. 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 posted its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.41 by $0.02. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $3 billion. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. The firm's revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.91 EPS. On average, equities research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions's dividend payout ratio is presently 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.