Rhumbline Advisers increased its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 9.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 228,815 shares of the company's stock after acquiring an additional 20,445 shares during the period. Rhumbline Advisers owned about 0.19% of Jacobs Solutions worth $27,661,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Colonial Trust Co SC grew its stake in shares of Jacobs Solutions by 10,250.0% in 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 purchased a new stake in Jacobs Solutions in the fourth quarter worth approximately $33,000. Larson Financial Group LLC grew its position in Jacobs Solutions by 71.9% in 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. grew its position 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 purchasing an additional 100 shares during the period. Finally, Optiver Holding B.V. raised its stake in Jacobs Solutions by 113.8% during the 4th quarter. Optiver Holding B.V. now owns 357 shares of the company's stock valued at $48,000 after buying an additional 190 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.
Jacobs Solutions Price Performance
J stock remained flat at $127.67 during trading on Monday. The company's stock had a trading volume of 574,369 shares, compared to its average volume of 804,793. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $122.15 and a two-hundred day moving average price of $128.67. The firm has a market cap of $15.34 billion, a P/E ratio of 26.32, a P/E/G 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 released its quarterly earnings data 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 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 quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.91 earnings per share. Analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.
Jacobs Solutions Dividend Announcement
The business 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. This represents a $1.28 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions's payout ratio is currently 35.26%.
Analyst Ratings Changes
Several analysts recently commented on the company. Citigroup cut 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. Royal Bank of Canada raised their target price on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Truist Financial upped their price target on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research report on Monday, May 12th. Finally, UBS Group decreased their price target 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. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $150.86.
View Our Latest Stock Report on Jacobs Solutions
About Jacobs Solutions
(
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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