Pallas Capital Advisors LLC grew its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 6.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,399 shares of the company's stock after buying an additional 3,020 shares during the period. Pallas Capital Advisors LLC's holdings in Jacobs Solutions were worth $5,730,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Colonial Trust Co SC raised its stake 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 acquiring an additional 205 shares during the period. Avalon Trust Co bought a new position in shares of Jacobs Solutions during the fourth quarter valued at approximately $33,000. Larson Financial Group LLC raised its position 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 worth $37,000 after purchasing an additional 115 shares during the period. Assetmark Inc. lifted its holdings in shares of Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after purchasing an additional 100 shares during the last quarter. Finally, Whipplewood Advisors LLC boosted its position in Jacobs Solutions by 1,685.7% during the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock valued at $45,000 after purchasing an additional 354 shares during the period. Institutional investors own 85.65% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on J. Citigroup dropped their target price on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Truist Financial increased 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. UBS Group cut 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 report on Friday, May 9th. Finally, Royal Bank of Canada upped their target price on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $150.86.
Read Our Latest Stock Report on J
Jacobs Solutions Price Performance
Shares of NYSE:J traded up $0.52 during trading on Thursday, reaching $127.58. The company had a trading volume of 400,874 shares, compared to its average volume of 804,530. The firm's fifty day moving average is $122.70 and its 200 day moving average is $128.58. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $15.33 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 1.84 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.
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 analysts' consensus estimates of $1.41 by $0.02. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $3 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.91 earnings per share. On average, equities analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.
Jacobs Solutions Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 annualized dividend and a dividend yield of 1.00%. Jacobs Solutions's dividend payout ratio (DPR) is 35.26%.
Jacobs Solutions Profile
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Free Report)
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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