Financial Counselors Inc. Takes $722,000 Position in Jacobs Solutions Inc. (NYSE:J)

Financial Counselors Inc. purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,513 shares of the company's stock, valued at approximately $722,000.

A number of other institutional investors have also recently bought and sold shares of J. Thrivent Financial for Lutherans grew its holdings in shares of Jacobs Solutions by 5,170.1% in 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 during the last quarter. Sessa Capital IM L.P. bought a new stake in Jacobs Solutions during the third quarter worth about $46,168,000. Barrow Hanley Mewhinney & Strauss LLC grew its stake in 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 during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Jacobs Solutions by 11.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company's stock worth $169,366,000 after buying an additional 127,605 shares in the last quarter. Finally, F M Investments LLC bought a new position in shares of Jacobs Solutions in the second quarter valued at approximately $15,513,000. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Trading Up 0.0 %

Shares of NYSE:J traded up $0.02 during trading on Friday, hitting $141.23. 1,002,617 shares of the company's stock were exchanged, compared to its average volume of 834,728. 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 firm has a market cap of $17.51 billion, a P/E ratio of 22.31, a PEG ratio of 2.13 and a beta of 0.71. The firm has a 50-day moving average price of $141.51 and a two-hundred day moving average price of $142.36. Jacobs Solutions Inc. has a 1-year low of $104.90 and a 1-year high of $150.54.

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). The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The company's quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $1.90 earnings per share. Equities analysts predict that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Robert W. Baird increased their price target on Jacobs Solutions from $147.00 to $149.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. Citigroup lowered their target price on Jacobs Solutions from $166.00 to $161.00 and set a "buy" rating for the company in a research note on Wednesday, November 20th. StockNews.com began coverage on shares of Jacobs Solutions in a research report on Tuesday, November 26th. They set a "buy" rating on the stock. Raymond James raised shares of Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price objective on the stock in a report on Friday, October 4th. Finally, Truist Financial dropped their target price on shares of Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating for the company in a research note on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $156.50.

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.