Barclays PLC Acquires 75,318 Shares of Jacobs Solutions Inc. (NYSE:J)

Barclays PLC increased its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 31.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 312,700 shares of the company's stock after purchasing an additional 75,318 shares during the period. Barclays PLC owned approximately 0.25% of Jacobs Solutions worth $40,933,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Thrivent Financial for Lutherans increased its holdings in Jacobs Solutions by 5,170.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company's stock worth $58,550,000 after purchasing an additional 411,123 shares in the last quarter. Sessa Capital IM L.P. acquired a new position in shares of Jacobs Solutions during the third quarter worth about $46,168,000. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Jacobs Solutions by 6.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company's stock worth $464,736,000 after buying an additional 192,166 shares in the last quarter. Soros Fund Management LLC raised its position in Jacobs Solutions by 34.3% in the 3rd quarter. Soros Fund Management LLC now owns 500,907 shares of the company's stock valued at $65,569,000 after buying an additional 127,874 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Jacobs Solutions by 11.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company's stock valued at $169,366,000 after acquiring an additional 127,605 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

NYSE:J traded up $0.96 on Friday, hitting $136.98. The company's stock had a trading volume of 699,805 shares, compared to its average volume of 807,320. Jacobs Solutions Inc. has a one year low of $104.90 and a one year high of $150.54. The firm has a market capitalization of $16.99 billion, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 2.04 and a beta of 0.70. The stock has a fifty day moving average of $140.22 and a two-hundred day moving average of $142.28. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings results 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). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter last year, the company posted $1.90 EPS. The firm's revenue was up 4.4% on a year-over-year basis. Research analysts predict that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.85%. Jacobs Solutions's dividend payout ratio (DPR) is currently 18.33%.

Analyst Ratings Changes

Several brokerages have recently weighed in on J. Robert W. Baird raised their price target on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. StockNews.com began coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They set a "hold" rating for the company. The Goldman Sachs Group reiterated a "neutral" rating and issued a $150.00 price target on shares of Jacobs Solutions in a research note on Tuesday. Raymond James upgraded shares of Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price objective for the company in a research note on Friday, October 4th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $152.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Jacobs Solutions has an average rating of "Hold" and a consensus price target of $155.78.

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.