SFE Investment Counsel Has $5.29 Million Position in Jacobs Solutions Inc. (NYSE:J)

SFE Investment Counsel increased its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 14.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,782 shares of the company's stock after purchasing an additional 5,540 shares during the period. SFE Investment Counsel's holdings in Jacobs Solutions were worth $5,293,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Oak Thistle LLC acquired a new stake in shares of Jacobs Solutions in the 1st quarter valued at about $1,906,000. M. Kulyk & Associates LLC boosted its stake in Jacobs Solutions by 18.9% during the 1st quarter. M. Kulyk & Associates LLC now owns 18,260 shares of the company's stock worth $2,207,000 after purchasing an additional 2,909 shares during the period. Greenwood Gearhart Inc. boosted its stake in Jacobs Solutions by 7.0% during the 1st quarter. Greenwood Gearhart Inc. now owns 71,435 shares of the company's stock worth $8,636,000 after purchasing an additional 4,644 shares during the period. Flynn Zito Capital Management LLC boosted its stake in Jacobs Solutions by 16.5% during the 1st quarter. Flynn Zito Capital Management LLC now owns 2,178 shares of the company's stock worth $263,000 after purchasing an additional 309 shares during the period. Finally, Wealth Alliance LLC boosted its stake in shares of Jacobs Solutions by 5.3% during the first quarter. Wealth Alliance LLC now owns 3,334 shares of the company's stock worth $403,000 after buying an additional 167 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

Shares of NYSE J traded up $1.37 during midday trading on Friday, hitting $143.50. 358,288 shares of the company's stock were exchanged, compared to its average volume of 593,653. The stock's 50 day moving average price is $130.82 and its 200-day moving average price is $127.86. The firm has a market cap of $17.24 billion, a P/E ratio of 39.53, a PEG ratio of 2.02 and a beta of 0.77. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $150.54. 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 released its earnings results on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $3 billion. During the same period in the prior year, the business earned $1.91 earnings per share. The business's quarterly revenue was up 2.2% on a year-over-year basis. Equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 23rd were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Friday, May 23rd. Jacobs Solutions's dividend payout ratio (DPR) is 35.26%.

Analyst Ratings Changes

Several analysts have recently commented on J shares. Citigroup reduced their price target on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a report on Friday, April 25th. KeyCorp raised Jacobs Solutions from a "sector weight" rating to an "overweight" rating and set a $155.00 price objective for the company in a report on Wednesday, July 16th. Royal Bank Of Canada lifted their price target on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Truist Financial lifted their target price on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. Finally, UBS Group cut their price target on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a report on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $151.38.

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.