Campbell Newman Asset Management Inc. Acquires 1,579 Shares of Jacobs Solutions Inc. (NYSE:J)

Campbell Newman Asset Management Inc. lifted its stake in Jacobs Solutions Inc. (NYSE:J) by 0.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 254,435 shares of the company’s stock after acquiring an additional 1,579 shares during the quarter. Jacobs Solutions accounts for about 2.6% of Campbell Newman Asset Management Inc.’s investment portfolio, making the stock its 15th largest holding. Campbell Newman Asset Management Inc.’s holdings in Jacobs Solutions were worth $30,759,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in J. Colonial Trust Co SC raised its stake in shares of Jacobs Solutions by 10,250.0% in the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company’s stock valued at $28,000 after acquiring an additional 205 shares during the period. Avalon Trust Co bought a new stake in shares of Jacobs Solutions in the 4th quarter valued at about $33,000. Larson Financial Group LLC raised its position in shares of 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 last quarter. Assetmark Inc. raised its position in 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 during the last quarter. Finally, Whipplewood Advisors LLC raised its position in Jacobs Solutions by 1,685.7% during the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company’s stock worth $45,000 after buying an additional 354 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Stock Down 1.4%

Shares of NYSE:J opened at $125.76 on Friday. The stock has a market capitalization of $15.11 billion, a P/E ratio of 25.93, a PEG ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $156.31. The stock has a 50-day simple moving average of $123.34 and a 200-day simple moving average 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 announced its earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. The company had revenue of $2.91 billion for 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%. Jacobs Solutions’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.91 EPS. Equities analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on J. Citigroup cut their target price on shares of Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating for the company in a report on Friday, April 25th. Truist Financial upped their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a “hold” rating in a report on Monday, May 12th. Royal Bank of Canada upped their price objective on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Finally, UBS Group lowered their target price 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. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $150.86.

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.