Virtu Financial LLC Buys Shares of 7,584 Jacobs Solutions Inc. (NYSE:J)

Key Points

• Virtu Financial LLC acquired a new stake in Jacobs Solutions Inc. during the first quarter, purchasing 7,584 shares valued at approximately $917,000.
• Analysts have increased their price targets for Jacobs Solutions, with Truist Financial raising it from $130.00 to $141.00, while UBS Group and Citigroup boosted their targets to $166.00.
• Jacobs Solutions recently declared a quarterly dividend of $0.32 per share, representing an annual yield of 0.9%, and plans to pay this on September 19th.

Virtu Financial LLC acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,584 shares of the company's stock, valued at approximately $917,000.

Several other institutional investors and hedge funds have also bought and sold shares of J. Franklin Resources Inc. boosted its holdings in shares of Jacobs Solutions by 7.3% in the fourth quarter. Franklin Resources Inc. now owns 9,290 shares of the company's stock worth $1,241,000 after acquiring an additional 628 shares during the period. Advisory Services Network LLC raised its position in Jacobs Solutions by 18.0% during the fourth quarter. Advisory Services Network LLC now owns 7,944 shares of the company's stock valued at $1,061,000 after purchasing an additional 1,212 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Jacobs Solutions during the fourth quarter valued at about $24,069,000. XTX Topco Ltd raised its position in Jacobs Solutions by 10.9% during the fourth quarter. XTX Topco Ltd now owns 5,579 shares of the company's stock valued at $745,000 after purchasing an additional 550 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in Jacobs Solutions during the fourth quarter valued at about $299,000. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Price Performance

Shares of NYSE J traded down $0.30 during mid-day trading on Friday, hitting $148.03. 355,435 shares of the company's stock traded hands, compared to its average volume of 823,207. The company's 50-day moving average is $136.11 and its two-hundred day moving average is $128.66. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market capitalization of $17.70 billion, a P/E ratio of 36.93, a PEG ratio of 2.07 and a beta of 0.79. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $152.40.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.56 by $0.06. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the company posted $1.96 EPS. The firm's revenue for the quarter was down 28.4% on a year-over-year basis. On average, equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. Jacobs Solutions's dividend payout ratio (DPR) is 31.92%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. 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 research report on Monday, May 12th. UBS Group upped their target price on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Citigroup upped their target price on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a report on Monday, July 28th. Royal Bank Of Canada upped their target price on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, KeyCorp upped their target price on Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $155.25.

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.