Telos Capital Management Inc. increased its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 4.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,805 shares of the company's stock after acquiring an additional 3,737 shares during the quarter. Jacobs Solutions comprises about 1.2% of Telos Capital Management Inc.'s investment portfolio, making the stock its 20th largest position. Telos Capital Management Inc. owned approximately 0.07% of Jacobs Solutions worth $11,098,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Colonial Trust Co SC boosted its position in shares of Jacobs Solutions by 10,250.0% in the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after purchasing an additional 205 shares during the last quarter. Avalon Trust Co bought a new position in Jacobs Solutions during the fourth quarter worth about $33,000. Rossby Financial LCC acquired a new position in shares of Jacobs Solutions during the 1st quarter worth about $33,000. Larson Financial Group LLC grew its position in shares of Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock worth $37,000 after buying an additional 115 shares during the period. Finally, Assetmark Inc. increased its stake in shares of Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after acquiring an additional 100 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.
Jacobs Solutions Stock Down 0.8%
Shares of J traded down $1.04 during midday trading on Friday, hitting $135.17. The stock had a trading volume of 527,896 shares, compared to its average volume of 801,149. The firm has a market cap of $16.24 billion, a price-to-earnings ratio of 37.24, a price-to-earnings-growth ratio of 1.90 and a beta of 0.77. The company has a 50 day simple moving average of $128.02 and a two-hundred day simple moving average of $127.43. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve 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.
Jacobs Solutions (NYSE:J - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3 billion. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. Jacobs Solutions's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.91 EPS. On average, analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.
Jacobs Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.28 annualized dividend and a yield of 0.95%. Jacobs Solutions's dividend payout ratio (DPR) is presently 35.26%.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on J shares. Truist Financial boosted their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. Royal Bank Of Canada boosted their price target on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Citigroup dropped their price objective 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. Finally, UBS Group reduced their target price on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Jacobs Solutions has a consensus rating of "Moderate Buy" and an average target price of $150.86.
Read Our Latest Research Report on J
About Jacobs Solutions
(
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.
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