NorthCrest Asset Manangement LLC Purchases 1,254 Shares of Jacobs Solutions Inc. (NYSE:J)

NorthCrest Asset Manangement LLC raised its position in Jacobs Solutions Inc. (NYSE:J) by 3.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,341 shares of the company’s stock after buying an additional 1,254 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Jacobs Solutions were worth $4,272,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA grew its position in shares of Jacobs Solutions by 143.6% in the first quarter. Compagnie Lombard Odier SCmA now owns 78,911 shares of the company’s stock valued at $9,540,000 after purchasing an additional 46,514 shares in the last quarter. Greenwood Capital Associates LLC increased its stake in Jacobs Solutions by 31.1% in the 1st quarter. Greenwood Capital Associates LLC now owns 37,437 shares of the company’s stock worth $4,526,000 after acquiring an additional 8,885 shares during the last quarter. McKinley Carter Wealth Services Inc. increased its stake in Jacobs Solutions by 2.6% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 58,559 shares of the company’s stock worth $7,079,000 after acquiring an additional 1,471 shares during the last quarter. CX Institutional increased its stake in Jacobs Solutions by 11.3% in the 1st quarter. CX Institutional now owns 7,861 shares of the company’s stock worth $950,000 after acquiring an additional 799 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Jacobs Solutions by 1,098.2% in the 1st quarter. SG Americas Securities LLC now owns 226,816 shares of the company’s stock worth $27,420,000 after acquiring an additional 207,886 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

J has been the topic of a number of research analyst reports. Truist Financial upped their target price on 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 increased their target price on Jacobs Solutions from $152.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. UBS Group dropped their target price on Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating for the company in a report on Friday, May 9th. Finally, Citigroup lowered their price target on Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $150.86.

Jacobs Solutions Stock Down 1.4%

Shares of NYSE:J opened at $125.76 on Friday. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $156.31. The firm has a market capitalization of $15.11 billion, a P/E ratio of 25.93, a P/E/G ratio of 1.84 and a beta of 0.77. The stock has a 50 day moving average price of $123.34 and a 200-day moving average price of $128.39. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $3 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $1.91 EPS. As a group, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be given a dividend of $0.32 per share. The ex-dividend date is Friday, May 23rd. This represents a $1.28 annualized dividend and a dividend yield of 1.02%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 35.26%.

Jacobs Solutions 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.