Rhumbline Advisers Raises Holdings in Jacobs Solutions Inc. (NYSE:J)

Rhumbline Advisers lifted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 9.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 228,815 shares of the company’s stock after buying an additional 20,445 shares during the period. Rhumbline Advisers owned about 0.19% of Jacobs Solutions worth $27,661,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of J. Kovitz Investment Group Partners LLC increased its stake in Jacobs Solutions by 345.9% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company’s stock valued at $619,676,000 after purchasing an additional 3,597,564 shares in the last quarter. Geode Capital Management LLC increased its stake in Jacobs Solutions by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 3,155,839 shares of the company’s stock valued at $420,626,000 after purchasing an additional 10,174 shares in the last quarter. Lazard Asset Management LLC increased its stake in Jacobs Solutions by 933.6% in the 4th quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company’s stock valued at $281,808,000 after purchasing an additional 1,904,988 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Jacobs Solutions by 9.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,809,207 shares of the company’s stock valued at $241,746,000 after purchasing an additional 157,086 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Jacobs Solutions by 4.1% in the 4th quarter. Bank of America Corp DE now owns 1,782,488 shares of the company’s stock valued at $238,176,000 after purchasing an additional 70,470 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

J stock opened at $125.00 on Friday. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $156.31. The stock’s fifty day simple moving average is $122.04 and its 200-day simple moving average is $128.78. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $15.02 billion, a price-to-earnings ratio of 25.77, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77.

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

Jacobs Solutions Dividend Announcement

The firm also recently disclosed 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. This represents a $1.28 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions’s dividend payout ratio (DPR) is 35.26%.

Analyst Upgrades and Downgrades

J has been the subject of several research analyst reports. Royal Bank of Canada raised 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. Truist Financial increased their target price on Jacobs Solutions from $130.00 to $141.00 and gave the company a “hold” rating in a report on Monday, May 12th. UBS Group lowered their target price on Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating on the stock in a report on Friday, May 9th. Finally, Citigroup lowered their target price on Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.