Running Oak Capital LLC Increases Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Running Oak Capital LLC increased its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 17.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,957 shares of the company's stock after acquiring an additional 17,911 shares during the quarter. Running Oak Capital LLC owned approximately 0.10% of Jacobs Solutions worth $14,622,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Orion Portfolio Solutions LLC raised its holdings in Jacobs Solutions by 0.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company's stock valued at $1,471,000 after buying an additional 83 shares during the period. Benjamin Edwards Inc. raised its stake in shares of Jacobs Solutions by 5.3% in the 4th quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock valued at $231,000 after acquiring an additional 87 shares during the period. Evoke Wealth LLC lifted its holdings in shares of Jacobs Solutions by 0.7% in the 4th quarter. Evoke Wealth LLC now owns 12,385 shares of the company's stock worth $1,655,000 after acquiring an additional 88 shares during the last quarter. Assetmark Inc. boosted 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 worth $45,000 after buying an additional 100 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in shares of Jacobs Solutions by 27.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 494 shares of the company's stock valued at $66,000 after buying an additional 107 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Stock Down 1.1%

NYSE:J traded down $1.39 during mid-day trading on Wednesday, hitting $128.15. The stock had a trading volume of 515,761 shares, compared to its average volume of 803,076. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $156.31. The stock has a 50-day simple moving average of $125.02 and a two-hundred day simple moving average of $127.78. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $15.40 billion, a PE ratio of 21.27, a PEG ratio of 1.82 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $3 billion. During the same period in the prior year, the firm posted $1.91 EPS. The company's quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.00%. The ex-dividend date was Friday, May 23rd. Jacobs Solutions's dividend payout ratio (DPR) is presently 35.26%.

Analyst Ratings Changes

Several research firms recently issued reports on J. Citigroup cut their price objective on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Truist Financial raised their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research note on Monday, May 12th. UBS Group cut their target price on shares of 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, Royal Bank Of Canada raised their price target on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $150.86.

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.