Ninety One SA PTY Ltd Acquires 4,340 Shares of Jacobs Solutions Inc. (NYSE:J)

Ninety One SA PTY Ltd grew its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 12.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 40,144 shares of the company's stock after purchasing 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 SEC.

Other hedge funds also recently made changes to their positions in the company. National Bank of Canada FI lifted its position in 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. increased its stake in shares of Jacobs Solutions by 21.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,894 shares of the company's stock worth $1,684,000 after purchasing an additional 2,457 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Jacobs Solutions by 2.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company's stock worth $15,379,000 after purchasing an additional 3,451 shares in the last quarter. Evergreen Capital Management LLC grew its stake in Jacobs Solutions by 5.5% in the 4th quarter. Evergreen Capital Management LLC now owns 69,123 shares of the company's stock worth $9,236,000 after acquiring an additional 3,609 shares during the period. Finally, DAVENPORT & Co LLC grew its stake in Jacobs Solutions by 12.7% in the 1st quarter. DAVENPORT & Co LLC now owns 19,776 shares of the company's stock worth $2,391,000 after acquiring an additional 2,222 shares during the period. Hedge funds and other institutional investors own 85.65% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on J. Royal Bank Of Canada boosted their price objective on shares of 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 boosted 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. Citigroup dropped their target price on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, UBS Group dropped their price objective 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 investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $150.86.

Jacobs Solutions Price Performance

J stock traded up $1.33 during trading on Wednesday, hitting $134.32. 517,222 shares of the stock traded hands, compared to its average volume of 798,815. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $156.31. The stock has a market cap of $16.14 billion, a price-to-earnings ratio of 37.00, a P/E/G ratio of 1.87 and a beta of 0.77. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68. The company has a 50 day simple moving average of $127.41 and a 200 day simple moving average of $127.50.

Jacobs Solutions (NYSE:J - Get Free Report) last released 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 net margin of 3.53% and a return on equity of 15.67%. 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 company earned $1.91 earnings per share. The business's quarterly revenue was up 2.2% compared to the same quarter last year. Equities analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

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

Jacobs Solutions 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.