XTX Topco Ltd Has $1.48 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

Key Points

• XTX Topco Ltd significantly increased its holdings in Jacobs Solutions Inc. by 119.1%, now owning 12,223 shares valued at approximately $1.48 million.
• Analysts have shown confidence in Jacobs Solutions, with major firms like Citigroup raising their price target to $166.00 and giving the stock a "buy" rating.
• The company recently announced a quarterly dividend of $0.32, resulting in an annualized dividend yield of 0.9%.

XTX Topco Ltd raised its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 119.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,223 shares of the company's stock after buying an additional 6,644 shares during the period. XTX Topco Ltd's holdings in Jacobs Solutions were worth $1,478,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC lifted its position in shares of Jacobs Solutions by 0.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company's stock worth $1,471,000 after purchasing an additional 83 shares in the last quarter. Benjamin Edwards Inc. raised its stake in shares of Jacobs Solutions by 5.3% during the fourth quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock worth $231,000 after buying an additional 87 shares during the last quarter. Avidian Wealth Enterprises LLC raised its stake in shares of Jacobs Solutions by 4.3% during the first quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company's stock worth $255,000 after buying an additional 87 shares during the last quarter. Kestra Private Wealth Services LLC raised its stake in shares of Jacobs Solutions by 2.6% during the first quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company's stock worth $510,000 after buying an additional 108 shares during the last quarter. Finally, Ameritas Advisory Services LLC raised its stake in shares of Jacobs Solutions by 1.5% during the first quarter. Ameritas Advisory Services LLC now owns 8,034 shares of the company's stock worth $989,000 after buying an additional 117 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on J shares. Citigroup boosted their price target on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research note on Monday. KeyCorp raised shares of Jacobs Solutions from a "sector weight" rating to an "overweight" rating and set a $155.00 price target for the company in a research note on Wednesday, July 16th. UBS Group dropped their price target on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Royal Bank Of Canada boosted their price target 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. Finally, Truist Financial boosted their price target 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. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Jacobs Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $153.25.

Jacobs Solutions Price Performance

J stock opened at $141.93 on Friday. The stock has a 50-day moving average price of $132.01 and a two-hundred day moving average price of $128.15. The stock has a market cap of $17.05 billion, a PE ratio of 39.10, a price-to-earnings-growth ratio of 1.99 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. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $150.54.

Jacobs Solutions (NYSE:J - Get Free Report) last released 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 firm 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%. The company's revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.91 EPS. Equities analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. Jacobs Solutions's dividend payout ratio (DPR) is currently 35.26%.

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.

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