State of Alaska Department of Revenue Acquires 190 Shares of Jacobs Solutions Inc. (NYSE:J)

State of Alaska Department of Revenue grew its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 1.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 14,357 shares of the company’s stock after acquiring an additional 190 shares during the period. State of Alaska Department of Revenue’s holdings in Jacobs Solutions were worth $1,735,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Kovitz Investment Group Partners LLC increased its stake in Jacobs Solutions by 345.9% in the fourth 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 fourth 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 fourth 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 fourth 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 fourth 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. Institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

J has been the subject of several research analyst reports. Truist Financial lifted their price target on shares of 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 lifted 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. Citigroup reduced their price objective 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. Finally, UBS Group reduced their price objective on shares of Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating for the company in a report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $150.86.

Jacobs Solutions Stock Up 0.7%

Jacobs Solutions stock opened at $128.25 on Tuesday. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $156.31. The stock has a market cap of $15.41 billion, a PE ratio of 35.33, a price-to-earnings-growth ratio of 1.79 and a beta of 0.77. The firm’s 50-day simple moving average is $124.77 and its 200 day simple moving average is $127.76. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 1.50.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.41 by $0.02. The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3 billion. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.91 earnings per share. Research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Friday, May 23rd. Jacobs Solutions’s dividend payout ratio is 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.