QRG Capital Management Inc. Boosts Stake in Jacobs Solutions Inc. (NYSE:J)

QRG Capital Management Inc. lifted its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 6.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,323 shares of the company's stock after acquiring an additional 4,284 shares during the period. QRG Capital Management Inc. owned 0.06% of Jacobs Solutions worth $8,864,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in J. Orion Portfolio Solutions LLC boosted its stake in Jacobs Solutions by 0.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company's stock valued at $1,471,000 after purchasing an additional 83 shares during the last quarter. Benjamin Edwards Inc. grew its position in shares of Jacobs Solutions by 5.3% during the fourth quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock valued at $231,000 after purchasing an additional 87 shares in the last quarter. Evoke Wealth LLC grew its position in shares of Jacobs Solutions by 0.7% during the fourth quarter. Evoke Wealth LLC now owns 12,385 shares of the company's stock valued at $1,655,000 after purchasing an additional 88 shares in the last quarter. Assetmark Inc. grew its position in shares of Jacobs Solutions by 42.7% during the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after purchasing an additional 100 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in Jacobs Solutions by 27.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 494 shares of the company's stock worth $66,000 after acquiring an additional 107 shares in the last quarter. Institutional investors own 85.65% of the company's stock.

Analysts Set New Price Targets

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

Jacobs Solutions Trading Up 0.0%

Shares of NYSE:J traded up $0.02 during trading hours on Friday, hitting $127.36. 1,868,967 shares of the company's stock traded hands, compared to its average volume of 807,170. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $156.31. The business has a fifty day moving average price of $124.56 and a 200-day moving average price of $127.90. The firm has a market capitalization of $15.30 billion, a P/E ratio of 35.09, a price-to-earnings-growth ratio of 1.79 and a beta of 0.77. 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 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 return on equity of 15.67% and a net margin of 3.53%. The company had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $3 billion. During the same quarter in the prior year, the firm earned $1.91 earnings per share. Jacobs Solutions's revenue was up 2.2% compared to the same quarter last year. Equities analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were paid a $0.32 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.28 annualized dividend and a yield of 1.01%. Jacobs Solutions's dividend payout ratio (DPR) 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.