Sowell Financial Services LLC Acquires Shares of 4,387 Jacobs Solutions Inc. (NYSE:J)

Sowell Financial Services LLC acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,387 shares of the company's stock, valued at approximately $530,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. National Bank of Canada FI raised its position in shares of Jacobs Solutions by 956.8% during the 4th quarter. National Bank of Canada FI now owns 264,824 shares of the company's stock worth $35,386,000 after purchasing an additional 239,764 shares during the period. Evergreen Capital Management LLC raised its position in shares of Jacobs Solutions by 5.5% during the 4th quarter. Evergreen Capital Management LLC now owns 69,123 shares of the company's stock worth $9,236,000 after purchasing an additional 3,609 shares during the period. CIBC Asset Management Inc raised its position in shares of Jacobs Solutions by 31.7% during the 4th quarter. CIBC Asset Management Inc now owns 23,991 shares of the company's stock worth $3,206,000 after purchasing an additional 5,774 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Jacobs Solutions by 32.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 43,776 shares of the company's stock worth $5,849,000 after purchasing an additional 10,827 shares during the period. Finally, Two Sigma Investments LP raised its position in shares of Jacobs Solutions by 44.5% during the 4th quarter. Two Sigma Investments LP now owns 458,562 shares of the company's stock worth $61,273,000 after purchasing an additional 141,162 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on J shares. Truist Financial increased their price target on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. UBS Group dropped their price target on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Citigroup dropped their price target on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Royal Bank Of Canada increased their price target on Jacobs Solutions from $152.00 to $154.00 and gave the stock 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's stock. Based on data from MarketBeat.com, Jacobs Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $150.86.

Jacobs Solutions Stock Down 0.9%

J opened at $127.28 on Friday. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $156.31. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market cap of $15.29 billion, a P/E ratio of 35.06, a P/E/G ratio of 1.79 and a beta of 0.77. The stock's 50 day moving average price is $124.34 and its 200 day moving average price is $128.05.

Jacobs Solutions (NYSE:J - Get Free Report) last posted 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 return on equity of 15.67% and a net margin of 3.53%. The firm had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $3 billion. During the same period last year, the firm earned $1.91 EPS. The firm's revenue was up 2.2% compared to the same quarter last year. As a group, research analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently declared 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 1.01%. The ex-dividend date of this dividend is Friday, May 23rd. Jacobs Solutions's dividend payout ratio (DPR) is presently 35.26%.

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.

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