Sowell Financial Services LLC purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,387 shares of the company's stock, valued at approximately $530,000.
A number of other institutional investors have also modified their holdings of the company. Kovitz Investment Group Partners LLC increased its stake in shares of Jacobs Solutions by 345.9% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock valued at $619,676,000 after purchasing an additional 3,597,564 shares during the period. Geode Capital Management LLC raised its holdings in shares of Jacobs Solutions by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 3,155,839 shares of the company's stock worth $420,626,000 after purchasing an additional 10,174 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Jacobs Solutions by 933.6% in the fourth quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock valued at $281,808,000 after buying an additional 1,904,988 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Jacobs Solutions by 9.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,809,207 shares of the company's stock valued at $241,746,000 after purchasing an additional 157,086 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Jacobs Solutions by 4.1% in the fourth quarter. Bank of America Corp DE now owns 1,782,488 shares of the company's stock worth $238,176,000 after buying an additional 70,470 shares during the period. Hedge funds and other institutional investors own 85.65% of the company's stock.
Jacobs Solutions Trading Up 0.7%
Shares of NYSE:J traded up $0.92 during midday trading on Monday, hitting $128.25. 437,079 shares of the stock traded hands, compared to its average volume of 805,689. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.68. The business's 50 day moving average is $124.77 and its two-hundred day moving average is $127.76. The stock has a market capitalization of $15.41 billion, a PE ratio of 35.33, a P/E/G ratio of 1.79 and a beta of 0.77. Jacobs Solutions Inc. has a one year low of $106.23 and a one year 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 for the quarter, topping 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 company had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $3 billion. During the same period in the prior year, the firm earned $1.91 earnings per share. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. As a group, research analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.
Jacobs Solutions Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Friday, May 23rd. Jacobs Solutions's dividend payout ratio (DPR) is presently 35.26%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on J. Royal Bank Of Canada raised their price objective 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 lifted their target price 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 decreased their price objective on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, Citigroup dropped their target price on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $150.86.
Check Out Our Latest Research Report on J
Jacobs Solutions Profile
(
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.
Further Reading
Before you consider Jacobs Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Jacobs Solutions wasn't on the list.
While Jacobs Solutions currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
