Bridgewater Associates LP Has $6.35 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

Bridgewater Associates LP reduced its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 61.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 48,532 shares of the company's stock after selling 78,903 shares during the quarter. Bridgewater Associates LP's holdings in Jacobs Solutions were worth $6,353,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in J. Tlwm increased its holdings in Jacobs Solutions by 1.2% in the second quarter. Tlwm now owns 6,046 shares of the company's stock valued at $845,000 after buying an additional 74 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock valued at $32,000 after acquiring an additional 74 shares during the last quarter. Hudson Edge Investment Partners Inc. lifted its position in Jacobs Solutions by 1.4% during the second quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company's stock worth $834,000 after buying an additional 82 shares during the period. Empirical Finance LLC lifted its holdings in shares of Jacobs Solutions by 1.9% during the 3rd quarter. Empirical Finance LLC now owns 4,358 shares of the company's stock worth $570,000 after acquiring an additional 82 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its holdings in shares of Jacobs Solutions by 4.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company's stock valued at $293,000 after purchasing an additional 86 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Price Performance

Shares of NYSE J traded up $0.02 during mid-day trading on Friday, reaching $141.23. The company had a trading volume of 1,002,617 shares, compared to its average volume of 810,078. Jacobs Solutions Inc. has a 1-year low of $104.90 and a 1-year high of $150.54. The stock has a market cap of $17.51 billion, a PE ratio of 22.31, a P/E/G ratio of 2.13 and a beta of 0.71. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average price of $141.51 and a two-hundred day moving average price of $142.36.

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 the consensus estimate of $2.08 by ($0.71). The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The firm's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.90 earnings per share. On average, equities analysts anticipate that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions's dividend payout ratio (DPR) is presently 18.33%.

Analysts Set New Price Targets

J has been the topic of a number of recent research reports. Raymond James raised shares of Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price target on the stock in a research report on Friday, October 4th. Robert W. Baird raised their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the company an "outperform" rating in a research note on Wednesday, November 20th. Benchmark downgraded shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Royal Bank of Canada dropped their price target on Jacobs Solutions from $167.00 to $152.00 and set an "outperform" rating on the stock in a research report on Thursday, November 21st. Finally, Truist Financial cut their target price on shares of Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating on the stock in a report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $156.50.

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.