Wedge Capital Management L L P NC Increases Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Wedge Capital Management L L P NC grew its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 34.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 110,912 shares of the company's stock after buying an additional 28,299 shares during the period. Wedge Capital Management L L P NC owned 0.09% of Jacobs Solutions worth $13,408,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in J. Orion Portfolio Solutions LLC boosted its holdings in shares of Jacobs Solutions by 0.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company's stock valued at $1,471,000 after acquiring an additional 83 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in Jacobs Solutions by 5.3% in the 4th quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock valued at $231,000 after purchasing an additional 87 shares in the last quarter. Evoke Wealth LLC increased its position in Jacobs Solutions by 0.7% during the 4th quarter. Evoke Wealth LLC now owns 12,385 shares of the company's stock worth $1,655,000 after purchasing an additional 88 shares during the period. Assetmark Inc. raised its stake in shares of Jacobs Solutions by 42.7% during the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after buying an additional 100 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its holdings in shares of Jacobs Solutions by 5.5% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 2,024 shares of the company's stock valued at $270,000 after buying an additional 106 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

Shares of J stock traded down $0.51 during trading hours on Wednesday, hitting $126.96. The company's stock had a trading volume of 807,133 shares, compared to its average volume of 805,013. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. The business has a fifty day moving average of $122.39 and a 200-day moving average of $128.59. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $156.31. The stock has a market cap of $15.25 billion, a price-to-earnings ratio of 26.18, a P/E/G ratio of 1.84 and a beta of 0.77.

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 return on equity of 14.87% and a net margin of 4.28%. The firm had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $3 billion. During the same quarter in the prior year, the firm earned $1.91 EPS. Jacobs Solutions's quarterly revenue was up 2.2% on a year-over-year basis. As a group, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be issued 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 dividend yield of 1.01%. Jacobs Solutions's dividend payout ratio (DPR) is presently 35.26%.

Analysts Set New Price Targets

A number of research firms recently weighed in on J. Royal Bank of Canada lifted their price target on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Citigroup decreased 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 report on Friday, April 25th. UBS Group cut their price target on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, 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. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Jacobs Solutions 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.