Rhumbline Advisers Has $27.66 Million Stock Position in Jacobs Solutions Inc. (NYSE:J)

Rhumbline Advisers increased its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 9.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 228,815 shares of the company's stock after purchasing an additional 20,445 shares during the period. Rhumbline Advisers owned approximately 0.19% of Jacobs Solutions worth $27,661,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of J. Kovitz Investment Group Partners LLC boosted its stake in Jacobs Solutions by 345.9% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock valued at $619,676,000 after buying an additional 3,597,564 shares in the last quarter. Geode Capital Management LLC boosted its stake in Jacobs Solutions by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 3,155,839 shares of the company's stock valued at $420,626,000 after buying an additional 10,174 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Jacobs Solutions by 933.6% in the fourth 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 in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Jacobs Solutions by 9.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,809,207 shares of the company's stock valued at $241,746,000 after buying an additional 157,086 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Jacobs Solutions by 4.1% in the fourth quarter. Bank of America Corp DE now owns 1,782,488 shares of the company's stock valued at $238,176,000 after buying an additional 70,470 shares in the last quarter. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Trading Up 2.2%

Shares of J stock traded up $2.74 during mid-day trading on Friday, reaching $127.74. 684,061 shares of the stock traded hands, compared to its average volume of 804,516. The stock's fifty day simple moving average is $122.15 and its two-hundred day simple moving average is $128.74. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $156.31. The company has a market cap of $15.35 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41.

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

Jacobs Solutions Dividend Announcement

The business also recently disclosed 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions's dividend payout ratio is currently 35.26%.

Analysts Set New Price Targets

J has been the topic of several research analyst reports. Truist Financial raised their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research note on Monday, May 12th. Royal Bank of Canada raised their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. UBS Group reduced their price objective on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, Citigroup cut their price target on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Four equities research 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, the stock currently has an average rating of "Moderate Buy" and a consensus 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.