Mirae Asset Global Investments Co. Ltd. Increases Stock Position in Jacobs Solutions Inc. (NYSE:J)

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Jacobs Solutions Inc. (NYSE:J) by 21.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,894 shares of the company’s stock after buying an additional 2,457 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Jacobs Solutions were worth $1,684,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in J. Smartleaf Asset Management LLC boosted its holdings in Jacobs Solutions by 387.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,593 shares of the company’s stock worth $213,000 after buying an additional 1,266 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Jacobs Solutions by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 777,888 shares of the company’s stock valued at $103,941,000 after purchasing an additional 17,372 shares in the last quarter. Keybank National Association OH lifted its holdings in Jacobs Solutions by 23.1% during the fourth quarter. Keybank National Association OH now owns 4,487 shares of the company’s stock valued at $600,000 after purchasing an additional 842 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Jacobs Solutions by 12.5% during the fourth quarter. Victory Capital Management Inc. now owns 238,675 shares of the company’s stock valued at $31,892,000 after purchasing an additional 26,525 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in Jacobs Solutions by 42.7% during the fourth quarter. Assetmark Inc. now owns 334 shares of the company’s stock valued at $45,000 after purchasing an additional 100 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Truist Financial increased 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. UBS Group decreased their price objective on shares of Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating on the stock in a report on Friday, May 9th. Citigroup decreased their price objective on shares of Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, Royal Bank Of Canada increased 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. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Jacobs Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $150.86.

Jacobs Solutions Stock Performance

NYSE:J opened at $132.61 on Friday. The company’s 50-day moving average price is $126.82 and its 200-day moving average price is $127.58. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68. The company has a market cap of $15.93 billion, a P/E ratio of 36.53, a P/E/G ratio of 1.86 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 posted its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.02. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate 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 period last year, the firm posted $1.91 earnings per share. On average, sell-side analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.97%. The ex-dividend date was Friday, May 23rd. Jacobs Solutions’s payout ratio is currently 35.26%.

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.