Jacobs Solutions Inc. (NYSE:J) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. grew its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,323 shares of the company's stock after purchasing an additional 4,284 shares during the period. QRG Capital Management Inc. owned approximately 0.06% of Jacobs Solutions worth $8,864,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Colonial Trust Co SC boosted its stake in Jacobs Solutions by 10,250.0% in the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after purchasing an additional 205 shares in the last quarter. Avalon Trust Co purchased a new stake in shares of Jacobs Solutions during the fourth quarter valued at $33,000. Larson Financial Group LLC increased its position in shares of Jacobs Solutions by 71.9% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after acquiring an additional 115 shares during the period. Assetmark Inc. raised its stake in Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after acquiring an additional 100 shares during the last quarter. Finally, Optiver Holding B.V. lifted its position in Jacobs Solutions by 113.8% during the 4th quarter. Optiver Holding B.V. now owns 357 shares of the company's stock worth $48,000 after acquiring an additional 190 shares during the period. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

J stock traded down $1.18 during midday trading on Thursday, hitting $127.28. 573,301 shares of the stock traded hands, compared to its average volume of 805,348. The stock's fifty day simple moving average is $124.09 and its 200-day simple moving average is $128.13. The firm has a market cap of $15.29 billion, a P/E ratio of 35.06, a PEG ratio of 1.79 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. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.50 and a quick ratio of 1.50.

Jacobs Solutions (NYSE:J - Get Free Report) last announced 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. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $3 billion. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. Jacobs Solutions's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.91 EPS. On average, analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be paid a $0.32 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.01%. Jacobs Solutions's dividend payout ratio is currently 35.26%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on J shares. 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. Royal Bank Of Canada increased their price target on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Citigroup reduced their price target 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 report on Friday, May 9th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $150.86.

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.