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

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

Several other institutional investors and hedge funds have also bought and sold shares of J. Colonial Trust Co SC lifted its holdings in Jacobs Solutions by 10,250.0% in 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 in the last quarter. Avalon Trust Co purchased a new stake in shares of Jacobs Solutions during the 4th quarter worth approximately $33,000. Larson Financial Group LLC raised its holdings in shares of Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock worth $37,000 after acquiring an additional 115 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Jacobs Solutions by 42.7% during the 4th quarter. Assetmark Inc. now owns 334 shares of the company’s stock worth $45,000 after acquiring an additional 100 shares in the last quarter. Finally, Whipplewood Advisors LLC increased its position in shares of Jacobs Solutions by 1,685.7% during the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company’s stock valued at $45,000 after purchasing an additional 354 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Down 1.4%

Shares of J stock opened at $125.76 on Friday. The stock has a 50 day moving average of $123.34 and a 200 day moving average of $128.39. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. The stock has a market cap 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. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $156.31.

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 expect that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on J. Citigroup cut their target price on Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. UBS Group cut their target price on shares of Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Truist Financial boosted their price target on Jacobs Solutions from $130.00 to $141.00 and gave the stock a “hold” rating in a research report on Monday, May 12th. Finally, 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 report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently 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.