Centiva Capital LP Makes New Investment in Jacobs Solutions Inc. (NYSE:J)

Centiva Capital LP bought a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 18,148 shares of the company's stock, valued at approximately $2,376,000.

Several other institutional investors have also recently made changes to their positions in J. EdgeRock Capital LLC acquired a new position in shares of Jacobs Solutions in the second quarter worth about $26,000. Bruce G. Allen Investments LLC increased its stake in shares of Jacobs Solutions by 427.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company's stock worth $29,000 after acquiring an additional 171 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of 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 buying an additional 74 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Jacobs Solutions during the 3rd quarter valued at approximately $42,000. Finally, True Wealth Design LLC purchased a new position in Jacobs Solutions in the third quarter worth approximately $44,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on J. Truist Financial decreased their price objective 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. StockNews.com started coverage on Jacobs Solutions in a research note on Tuesday, November 26th. They issued a "buy" rating for the company. Robert W. Baird increased their target price on Jacobs Solutions from $147.00 to $149.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Citigroup dropped their target price on Jacobs Solutions from $166.00 to $161.00 and set a "buy" rating for the company in a research report on Wednesday, November 20th. Finally, 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. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $156.50.

Jacobs Solutions Stock Down 1.4 %

NYSE:J traded down $1.99 during mid-day trading on Tuesday, hitting $137.88. The stock had a trading volume of 349,250 shares, compared to its average volume of 807,989. 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 Inc. has a twelve month low of $104.90 and a twelve month high of $150.54. The company has a market capitalization of $17.09 billion, a PE ratio of 22.03, a PEG ratio of 2.13 and a beta of 0.71. The stock has a 50-day simple moving average of $141.51 and a two-hundred day simple moving average of $142.39.

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

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were paid a $0.29 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 0.84%. Jacobs Solutions's dividend payout ratio is currently 18.33%.

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.