Park Avenue Securities LLC Purchases 3,083 Shares of Jacobs Solutions Inc. (NYSE:J)

Park Avenue Securities LLC grew its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 54.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,774 shares of the company's stock after buying an additional 3,083 shares during the quarter. Park Avenue Securities LLC's holdings in Jacobs Solutions were worth $1,061,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Kovitz Investment Group Partners LLC raised its position in Jacobs Solutions by 345.9% in the 4th 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 last quarter. Lazard Asset Management LLC grew its holdings in shares of Jacobs Solutions by 933.6% in the 4th quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock valued at $281,808,000 after buying an additional 1,904,988 shares during the period. Proficio Capital Partners LLC grew its holdings in shares of Jacobs Solutions by 15,913.6% in the 4th quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company's stock valued at $59,977,000 after buying an additional 446,057 shares during the period. Deutsche Bank AG grew its holdings in shares of Jacobs Solutions by 148.2% in the 4th quarter. Deutsche Bank AG now owns 664,564 shares of the company's stock valued at $88,799,000 after buying an additional 396,759 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in 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 purchasing an additional 289,573 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Royal Bank of Canada increased their target price on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Truist Financial raised 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. 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, 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. 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $150.86.

Jacobs Solutions Stock Performance

J stock traded up $3.71 during mid-day trading on Monday, hitting $129.60. 755,231 shares of the company were exchanged, compared to its average volume of 805,068. The business has a 50 day simple moving average of $123.72 and a 200-day simple moving average of $128.14. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $15.57 billion, a PE ratio of 26.72, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $156.31.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $3 billion. During the same period last year, the business posted $1.91 earnings per share. The business's revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, May 23rd. This represents a $1.28 annualized dividend and a dividend yield of 0.99%. Jacobs Solutions's dividend payout ratio is presently 35.26%.

Jacobs Solutions Company 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.