Running Oak Capital LLC Acquires 17,911 Shares of Jacobs Solutions Inc. (NYSE:J)

Running Oak Capital LLC boosted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 17.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 120,957 shares of the company’s stock after buying an additional 17,911 shares during the period. Running Oak Capital LLC owned approximately 0.10% of Jacobs Solutions worth $14,622,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Colonial Trust Co SC boosted its stake in Jacobs Solutions by 10,250.0% during the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company’s stock valued at $28,000 after buying an additional 205 shares during the period. Avalon Trust Co bought a new stake in Jacobs Solutions during the fourth quarter valued at $33,000. Larson Financial Group LLC raised its position in Jacobs Solutions by 71.9% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock valued at $37,000 after purchasing an additional 115 shares in the last quarter. Assetmark Inc. raised its position 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. Finally, Whipplewood Advisors LLC raised its position in Jacobs Solutions by 1,685.7% during the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company’s stock valued at $45,000 after purchasing an additional 354 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Up 0.0%

J opened at $127.36 on Friday. The company has a market cap of $15.30 billion, a P/E ratio of 35.09, a P/E/G ratio of 1.79 and a beta of 0.77. The business’s 50-day moving average price is $124.56 and its 200-day moving average price is $127.90. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $156.31.

Jacobs Solutions (NYSE:J) last released 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 firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $3 billion. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.91 earnings per share. On average, equities analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 23rd were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.28 annualized dividend and a dividend yield of 1.01%. Jacobs Solutions’s dividend payout ratio is currently 35.26%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on J shares. Citigroup lowered their price target 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. Truist Financial raised their price target on Jacobs Solutions from $130.00 to $141.00 and gave the company a “hold” rating in a research report on Monday, May 12th. Royal Bank Of Canada raised their price target on Jacobs Solutions from $152.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Finally, UBS Group lowered their price target on Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.