SG Americas Securities LLC Raises Holdings in Jacobs Solutions Inc. (NYSE:J)

SG Americas Securities LLC grew its position in Jacobs Solutions Inc. (NYSE:J) by 1,098.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 226,816 shares of the company’s stock after buying an additional 207,886 shares during the quarter. SG Americas Securities LLC owned 0.19% of Jacobs Solutions worth $27,420,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Colonial Trust Co SC lifted its stake in shares of Jacobs Solutions by 10,250.0% during the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company’s stock worth $28,000 after purchasing an additional 205 shares during the last quarter. Avalon Trust Co purchased a new stake in Jacobs Solutions in the fourth quarter valued at about $33,000. Larson Financial Group LLC raised its stake in Jacobs Solutions by 71.9% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock valued at $37,000 after buying an additional 115 shares during the last quarter. Assetmark Inc. raised its stake in Jacobs Solutions by 42.7% in the fourth quarter. Assetmark Inc. now owns 334 shares of the company’s stock valued at $45,000 after buying an additional 100 shares during the last quarter. Finally, Whipplewood Advisors LLC raised its stake in Jacobs Solutions by 1,685.7% in the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company’s stock valued at $45,000 after buying an additional 354 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Truist Financial increased their price target on Jacobs Solutions from $130.00 to $141.00 and gave the company a “hold” rating in a research note on Monday, May 12th. Royal Bank of Canada increased their price objective 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 cut their price objective 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 cut their price objective 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $150.86.

Jacobs Solutions Stock Down 0.3%

Jacobs Solutions stock opened at $127.35 on Wednesday. The firm has a market cap of $15.30 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $156.31. The business’s 50-day moving average price is $122.39 and its 200 day moving average price is $128.59. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, beating 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 company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3 billion. During the same period last year, the company earned $1.91 earnings per share. Jacobs Solutions’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, May 23rd. Jacobs Solutions’s payout ratio 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.