SG Americas Securities LLC Increases Stake in Jacobs Solutions Inc. (NYSE:J)

SG Americas Securities LLC lifted its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 1,098.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 226,816 shares of the company's stock after acquiring an additional 207,886 shares during the quarter. SG Americas Securities LLC owned 0.19% of Jacobs Solutions worth $27,420,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Jacobs Solutions by 90.2% in the first quarter. GAMMA Investing LLC now owns 2,282 shares of the company's stock worth $276,000 after buying an additional 1,082 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Jacobs Solutions by 104.9% in the first quarter. Harbor Capital Advisors Inc. now owns 2,827 shares of the company's stock worth $342,000 after buying an additional 1,447 shares during the period. Pallas Capital Advisors LLC increased its stake in shares of Jacobs Solutions by 6.8% in the first quarter. Pallas Capital Advisors LLC now owns 47,399 shares of the company's stock worth $5,730,000 after buying an additional 3,020 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Jacobs Solutions by 62.8% in the first quarter. Farther Finance Advisors LLC now owns 4,199 shares of the company's stock worth $512,000 after buying an additional 1,619 shares during the period. Finally, Toth Financial Advisory Corp increased its stake in shares of Jacobs Solutions by 7.3% in the first quarter. Toth Financial Advisory Corp now owns 53,606 shares of the company's stock worth $6,480,000 after buying an additional 3,642 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Stock Down 1.4%

Shares of Jacobs Solutions stock traded down $1.85 during trading on Friday, hitting $125.76. The company's stock had a trading volume of 496,744 shares, compared to its average volume of 805,265. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. The company has a fifty day simple moving average of $123.34 and a two-hundred day simple moving average of $128.39. The company has a market capitalization of $15.11 billion, a PE ratio of 25.93, a P/E/G ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $156.31.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $3 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. Jacobs Solutions's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business earned $1.91 EPS. Equities research analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 annualized dividend and a dividend yield of 1.02%. Jacobs Solutions's payout ratio is 35.26%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Citigroup decreased their target price on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. 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 note on Monday, May 12th. Royal Bank of Canada upped their price objective on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, UBS Group decreased their price objective on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a report on Friday, May 9th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Jacobs Solutions presently has an average 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.