Ninety One SA PTY Ltd Has $4.85 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

Ninety One SA PTY Ltd raised its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 12.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,144 shares of the company's stock after buying an additional 4,340 shares during the quarter. Ninety One SA PTY Ltd's holdings in Jacobs Solutions were worth $4,852,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in J. Kovitz Investment Group Partners LLC raised its position in shares of Jacobs Solutions by 345.9% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock worth $619,676,000 after purchasing an additional 3,597,564 shares during the period. Lazard Asset Management LLC increased its position in shares of Jacobs Solutions by 933.6% during the 4th quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock worth $281,808,000 after purchasing an additional 1,904,988 shares during the last quarter. Deutsche Bank AG increased its position in shares of Jacobs Solutions by 148.2% during the 4th quarter. Deutsche Bank AG now owns 664,564 shares of the company's stock worth $88,799,000 after purchasing an additional 396,759 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in shares of Jacobs Solutions by 639.3% during the 1st quarter. Vontobel Holding Ltd. now owns 342,251 shares of the company's stock worth $41,375,000 after acquiring an additional 295,957 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Jacobs Solutions by 40.3% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,007,612 shares of the company's stock worth $134,637,000 after acquiring an additional 289,573 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Trading Down 0.8%

Shares of J stock traded down $1.04 on Friday, hitting $135.17. The company had a trading volume of 527,896 shares, compared to its average volume of 800,334. The firm has a market cap of $16.24 billion, a P/E ratio of 37.24, a P/E/G ratio of 1.92 and a beta of 0.77. The stock's 50-day moving average is $128.02 and its two-hundred day moving average is $127.55. 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 Inc. has a twelve month low of $106.23 and a twelve month high of $156.31.

Jacobs Solutions (NYSE:J - Get Free Report) last issued 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 15.67% and a net margin of 3.53%. The company had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $3 billion. During the same quarter in the prior year, the firm posted $1.91 earnings per share. The business's quarterly revenue was up 2.2% on a year-over-year basis. On average, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

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

Analyst Upgrades and Downgrades

J has been the subject of several recent research reports. UBS Group reduced their price target on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Truist Financial upped their target price on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research report on Monday, May 12th. Royal Bank Of Canada upped their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Citigroup dropped their price objective on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Jacobs Solutions currently has a consensus rating of "Moderate Buy" and a consensus 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.