Stephens Inc. AR Increases Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Stephens Inc. AR raised its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 18.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,695 shares of the company's stock after buying an additional 7,370 shares during the quarter. Stephens Inc. AR's holdings in Jacobs Solutions were worth $5,766,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC lifted its stake in shares of 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 purchasing an additional 83 shares during the last quarter. Benjamin Edwards Inc. boosted its position in shares of Jacobs Solutions by 5.3% during the fourth quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock worth $231,000 after buying an additional 87 shares during the period. Avidian Wealth Enterprises LLC lifted its stake in Jacobs Solutions by 4.3% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company's stock worth $255,000 after acquiring an additional 87 shares in the last quarter. Evoke Wealth LLC lifted its stake in Jacobs Solutions by 0.7% during 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 in the last quarter. Finally, Ameritas Advisory Services LLC lifted its stake in Jacobs Solutions by 1.5% during the 1st quarter. Ameritas Advisory Services LLC now owns 8,034 shares of the company's stock worth $989,000 after acquiring an additional 117 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on J. Truist Financial increased their target price on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research note on Monday, May 12th. KeyCorp raised Jacobs Solutions from a "sector weight" rating to an "overweight" rating and set a $155.00 target price on the stock in a research note on Wednesday. Citigroup decreased their target price on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. UBS Group decreased their target price on 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 increased their target price on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $151.38.

Jacobs Solutions Stock Down 0.7%

Shares of J traded down $0.91 during mid-day trading on Friday, reaching $138.39. The company's stock had a trading volume of 222,520 shares, compared to its average volume of 800,583. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $156.31. The stock has a market cap of $16.63 billion, a PE ratio of 38.18, a price-to-earnings-growth ratio of 1.94 and a beta of 0.77. 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 company's 50 day moving average is $129.19 and its 200 day moving average is $127.59.

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

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were paid a $0.32 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.92%. Jacobs Solutions's dividend payout ratio (DPR) is presently 35.26%.

Jacobs Solutions 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.