Vest Financial LLC Has $2.86 Million Stake in Jacobs Solutions Inc. (NYSE:J)

Vest Financial LLC raised its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 30.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,642 shares of the company's stock after buying an additional 5,554 shares during the period. Vest Financial LLC's holdings in Jacobs Solutions were worth $2,858,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Caprock Group LLC bought a new stake in Jacobs Solutions during the 4th quarter valued at approximately $204,000. Spire Wealth Management bought a new position in shares of Jacobs Solutions during the 4th quarter worth approximately $91,000. Stratos Wealth Partners LTD. boosted its stake in shares of Jacobs Solutions by 1.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company's stock valued at $1,305,000 after purchasing an additional 175 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Jacobs Solutions by 34.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,437 shares of the company's stock valued at $1,545,000 after buying an additional 2,949 shares in the last quarter. Finally, Choreo LLC grew its position in Jacobs Solutions by 50.8% during the 4th quarter. Choreo LLC now owns 3,700 shares of the company's stock worth $494,000 after acquiring an additional 1,247 shares during the last quarter. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Price Performance

Shares of NYSE J traded down $0.39 during midday trading on Tuesday, reaching $127.35. The company's stock had a trading volume of 604,437 shares, compared to its average volume of 805,004. The company has a market cap of $15.30 billion, a P/E ratio of 26.26, a P/E/G ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $156.31. 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 business's 50 day moving average price is $122.39 and its two-hundred day moving average price is $128.59.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $3 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. Jacobs Solutions's revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.91 earnings per share. On average, analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.01%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions's payout ratio is presently 35.26%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on J. Royal Bank of Canada raised their price objective on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Truist Financial lifted their target price on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research note on Monday, May 12th. Citigroup cut their price target 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 lowered their price objective on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Jacobs Solutions has an average rating of "Moderate Buy" and an average target price 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.