Vest Financial LLC Grows Position in Jacobs Solutions Inc. (NYSE:J)

Vest Financial LLC boosted its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 30.7% in the 1st 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 acquiring an additional 5,554 shares during the quarter. Vest Financial LLC's holdings in Jacobs Solutions were worth $2,858,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of J. Colonial Trust Co SC grew its holdings in Jacobs Solutions by 10,250.0% in the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company's stock valued at $28,000 after purchasing an additional 205 shares during the last quarter. Avalon Trust Co acquired a new stake in Jacobs Solutions in the fourth quarter valued at $33,000. Larson Financial Group LLC grew its holdings in Jacobs Solutions by 71.9% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after purchasing an additional 115 shares during the last quarter. Assetmark Inc. grew its holdings in Jacobs Solutions by 42.7% in the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after purchasing an additional 100 shares during the last quarter. Finally, Whipplewood Advisors LLC grew its holdings in Jacobs Solutions by 1,685.7% in the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock valued at $45,000 after purchasing an additional 354 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on J. UBS Group lowered 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. Truist Financial increased their price objective 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 decreased 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, Royal Bank of Canada increased their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $150.86.

Jacobs Solutions Price Performance

J stock opened at $127.74 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $156.31. The stock's 50 day moving average is $122.15 and its two-hundred day moving average is $128.74. The company has a market capitalization of $15.35 billion, a PE ratio of 26.34, a P/E/G ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.41 by $0.02. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $3 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The business's revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.91 EPS. Analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.00%. Jacobs Solutions's dividend payout ratio is currently 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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