Wealth Enhancement Advisory Services LLC Acquires 3,451 Shares of Jacobs Solutions Inc. (NYSE:J)

Wealth Enhancement Advisory Services LLC increased its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,215 shares of the company's stock after acquiring an additional 3,451 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.10% of Jacobs Solutions worth $15,379,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of J. Colonial Trust Co SC lifted its holdings in shares of Jacobs Solutions by 10,250.0% during the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after buying an additional 205 shares during the last quarter. Avalon Trust Co bought a new position in Jacobs Solutions during the fourth quarter worth $33,000. Larson Financial Group LLC raised its stake in Jacobs Solutions by 71.9% during the 4th 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. raised its stake in Jacobs Solutions by 42.7% during the 4th 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, Optiver Holding B.V. raised its stake in Jacobs Solutions by 113.8% during the 4th quarter. Optiver Holding B.V. now owns 357 shares of the company's stock valued at $48,000 after purchasing an additional 190 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Price Performance

J traded up $1.65 during midday trading on Thursday, reaching $129.71. 415,864 shares of the company's stock were exchanged, compared to its average volume of 801,572. The firm has a market capitalization of $15.59 billion, a price-to-earnings ratio of 35.73, a price-to-earnings-growth ratio of 1.80 and a beta of 0.77. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.68. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $156.31. The business has a 50-day simple moving average of $125.25 and a two-hundred day simple moving average of $127.78.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its 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 business had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $3 billion. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. Jacobs Solutions's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.91 EPS. As a group, research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 23rd were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.28 annualized dividend and a dividend yield of 0.99%. Jacobs Solutions's dividend payout ratio is presently 35.26%.

Analysts Set New Price Targets

J has been the topic of several research reports. Truist Financial boosted their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a report on Monday, May 12th. UBS Group lowered their price target 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. Royal Bank Of Canada upped their price target on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, Citigroup decreased their price objective on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.