CX Institutional Buys 799 Shares of Jacobs Solutions Inc. (NYSE:J)

CX Institutional increased its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 11.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,861 shares of the company’s stock after buying an additional 799 shares during the quarter. CX Institutional’s holdings in Jacobs Solutions were worth $950,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Colonial Trust Co SC grew its stake in Jacobs Solutions by 10,250.0% in the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company’s stock valued at $28,000 after purchasing an additional 205 shares during the period. Avalon Trust Co bought a new position in Jacobs Solutions in the 4th quarter valued at $33,000. Larson Financial Group LLC grew its stake in Jacobs Solutions by 71.9% in 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 period. Assetmark Inc. grew its stake in Jacobs Solutions by 42.7% in 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 period. Finally, Whipplewood Advisors LLC grew its stake in Jacobs Solutions by 1,685.7% in the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company’s stock valued at $45,000 after purchasing an additional 354 shares during the period. Institutional investors own 85.65% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Royal Bank of Canada upped their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. UBS Group reduced their price objective on Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Truist Financial upped their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the company a “hold” rating in a research note on Monday, May 12th. Finally, Citigroup dropped their price target on Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and an average target price of $150.86.

Jacobs Solutions Stock Up 0.4%

Shares of NYSE J opened at $127.58 on Friday. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $156.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. The business’s fifty day moving average price is $123.03 and its 200-day moving average price is $128.50. The stock has a market capitalization of $15.33 billion, a PE ratio of 26.31, a P/E/G ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J) last issued its quarterly 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. The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $3 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.91 EPS. On average, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.00%. Jacobs Solutions’s dividend payout ratio (DPR) is 35.26%.

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.