Oppenheimer Asset Management Inc. Acquires 4,657 Shares of Jacobs Solutions Inc. (NYSE:J)

Oppenheimer Asset Management Inc. grew its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,433 shares of the company's stock after purchasing an additional 4,657 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Jacobs Solutions were worth $5,855,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of J. Kovitz Investment Group Partners LLC raised its stake in shares of Jacobs Solutions by 345.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock worth $619,676,000 after acquiring an additional 3,597,564 shares in the last quarter. Lazard Asset Management LLC raised its stake 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 acquiring an additional 1,904,988 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of Jacobs Solutions by 15,913.6% during the 4th quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company's stock worth $59,977,000 after acquiring an additional 446,057 shares in the last quarter. Deutsche Bank AG raised its stake 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 acquiring an additional 396,759 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised 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 in the last quarter. Institutional investors own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on J shares. Royal Bank Of Canada boosted their price objective on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Citigroup reduced 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. UBS Group reduced their price objective on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, 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 research note on Monday, May 12th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $150.86.

Jacobs Solutions Stock Up 1.1%

NYSE:J opened at $129.64 on Wednesday. The company has a market cap of $15.58 billion, a PE ratio of 35.71, a P/E/G ratio of 1.80 and a beta of 0.77. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $156.31. 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's 50 day moving average is $125.02 and its two-hundred day moving average is $127.78.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share 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%. Jacobs Solutions's revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.91 EPS. Analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Friday, May 23rd. 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.

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