Stifel Financial Corp Buys 12,353 Shares of Jacobs Solutions Inc. (NYSE:J)

Stifel Financial Corp boosted its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 23.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,103 shares of the company's stock after purchasing an additional 12,353 shares during the period. Stifel Financial Corp owned about 0.05% of Jacobs Solutions worth $8,653,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of J. EdgeRock Capital LLC bought a new position in shares of Jacobs Solutions in the second quarter worth $26,000. First Horizon Advisors Inc. boosted its stake in Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock worth $32,000 after purchasing an additional 74 shares during the period. Quarry LP grew its holdings in Jacobs Solutions by 394.9% during the 3rd quarter. Quarry LP now owns 292 shares of the company's stock valued at $38,000 after buying an additional 233 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Jacobs Solutions during the third quarter valued at about $42,000. Finally, True Wealth Design LLC purchased a new stake in shares of Jacobs Solutions in the third quarter worth about $44,000. 85.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on J. Truist Financial reduced their price objective on shares of Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating for the company in a research note on Wednesday, October 9th. Robert W. Baird boosted their price target on shares of Jacobs Solutions from $147.00 to $149.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. The Goldman Sachs Group reissued a "neutral" rating and set a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday. Royal Bank of Canada restated an "outperform" rating and issued a $152.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Finally, Raymond James upgraded Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price target for the company in a research report on Friday, October 4th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $155.78.

Jacobs Solutions Price Performance

NYSE:J traded up $0.96 during mid-day trading on Friday, reaching $136.98. The stock had a trading volume of 699,805 shares, compared to its average volume of 807,320. The stock has a market capitalization of $16.99 billion, a P/E ratio of 21.64, a P/E/G ratio of 2.04 and a beta of 0.70. The firm has a 50 day moving average price of $140.16 and a two-hundred day moving average price of $142.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20. Jacobs Solutions Inc. has a one year low of $104.90 and a one year high of $150.54.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing analysts' consensus estimates of $2.08 by ($0.71). The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The company's revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.90 earnings per share. As a group, analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 0.85%. Jacobs Solutions's payout ratio is 18.33%.

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.