Wealth Enhancement Advisory Services LLC Boosts Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

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

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Kovitz Investment Group Partners LLC boosted its stake in Jacobs Solutions by 345.9% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock worth $619,676,000 after acquiring an additional 3,597,564 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Jacobs Solutions by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 3,155,839 shares of the company's stock worth $420,626,000 after buying an additional 10,174 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of Jacobs Solutions by 933.6% in the fourth quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock worth $281,808,000 after buying an additional 1,904,988 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Jacobs Solutions by 9.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,809,207 shares of the company's stock worth $241,746,000 after buying an additional 157,086 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Jacobs Solutions by 4.1% in the fourth quarter. Bank of America Corp DE now owns 1,782,488 shares of the company's stock worth $238,176,000 after buying an additional 70,470 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

J stock traded up $1.38 during midday trading on Tuesday, reaching $129.64. 575,757 shares of the company's stock traded hands, compared to its average volume of 804,701. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $156.31. The stock has a market cap of $15.58 billion, a P/E ratio of 35.71, a PEG ratio of 1.80 and a beta of 0.77. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68. The stock's 50-day moving average is $124.77 and its 200 day moving average is $127.76.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. The business had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $3 billion. During the same period in the prior year, the company earned $1.91 earnings per share. The firm's revenue was up 2.2% on a year-over-year basis. As a group, analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.99%. Jacobs Solutions's dividend payout ratio (DPR) is presently 35.26%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on J. Truist Financial upped their target price on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research note on Monday, May 12th. Royal Bank Of Canada upped their target price on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Citigroup dropped their target price on shares of 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 shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Jacobs Solutions presently has an average rating of "Moderate Buy" and an average price target of $150.86.

Jacobs Solutions Company Profile

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.