Caisse DE Depot ET Placement DU Quebec Trims Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Caisse DE Depot ET Placement DU Quebec trimmed its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 0.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 718,039 shares of the company's stock after selling 3,600 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.58% of Jacobs Solutions worth $93,991,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Verition Fund Management LLC lifted its position in Jacobs Solutions by 249.4% in the third quarter. Verition Fund Management LLC now owns 72,885 shares of the company's stock worth $9,541,000 after buying an additional 52,024 shares during the last quarter. Captrust Financial Advisors lifted its position in Jacobs Solutions by 4.5% in the third quarter. Captrust Financial Advisors now owns 24,601 shares of the company's stock worth $3,220,000 after buying an additional 1,059 shares during the last quarter. Financial Counselors Inc. bought a new stake in Jacobs Solutions in the third quarter worth $722,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Jacobs Solutions by 19.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 650,110 shares of the company's stock worth $85,099,000 after buying an additional 107,849 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its position in Jacobs Solutions by 412.3% in the third quarter. Public Sector Pension Investment Board now owns 24,105 shares of the company's stock worth $3,155,000 after buying an additional 19,400 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Performance

Shares of NYSE:J traded up $0.02 during trading on Friday, reaching $141.23. The company had a trading volume of 1,002,617 shares, compared to its average volume of 834,728. The firm has a market capitalization of $17.51 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 2.13 and a beta of 0.71. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.14. The stock's fifty day moving average price is $141.51 and its 200 day moving average price is $142.39. Jacobs Solutions Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $150.54.

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

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were paid 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 0.82%. Jacobs Solutions's dividend payout ratio is presently 18.33%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on J shares. Royal Bank of Canada decreased their target price on Jacobs Solutions from $167.00 to $152.00 and set an "outperform" rating for the company in a research report on Thursday, November 21st. Robert W. Baird lifted their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Citigroup decreased their price objective on Jacobs Solutions from $166.00 to $161.00 and set a "buy" rating for the company in a report on Wednesday, November 20th. Raymond James upgraded Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 target price on the stock in a research note on Friday, October 4th. Finally, Truist Financial cut their target price on Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating on the stock in a research note on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $156.50.

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.