Jacobs Solutions Inc. (NYSE:J) Shares Bought by Ninety One UK Ltd

Ninety One UK Ltd increased its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 9.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,176,944 shares of the company's stock after buying an additional 188,852 shares during the period. Ninety One UK Ltd owned about 1.78% of Jacobs Solutions worth $263,171,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Colonial Trust Co SC lifted its holdings in Jacobs Solutions by 10,250.0% during the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after buying an additional 205 shares during the period. Avalon Trust Co purchased a new stake in Jacobs Solutions during the fourth quarter worth $33,000. Rossby Financial LCC purchased a new stake in shares of Jacobs Solutions during the 1st quarter valued at $33,000. Larson Financial Group LLC lifted its holdings in shares of Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after purchasing an additional 115 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Jacobs Solutions by 42.7% during the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on J. Truist Financial increased their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. Citigroup decreased their price objective on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a report on Friday, April 25th. UBS Group decreased their price objective on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, Royal Bank Of Canada increased their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $150.86.

Jacobs Solutions Stock Performance

Shares of NYSE J traded up $0.68 during mid-day trading on Tuesday, hitting $133.05. The stock had a trading volume of 501,869 shares, compared to its average volume of 796,184. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 1.50. The company has a 50 day moving average of $127.23 and a two-hundred day moving average of $127.46. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $156.31. The firm has a market cap of $15.99 billion, a PE ratio of 36.65, a PEG ratio of 1.87 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) 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 firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $3 billion. During the same period in the prior year, the firm earned $1.91 EPS. The firm's revenue was up 2.2% on a year-over-year basis. Research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.96%. The ex-dividend date was 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.