Jacobs Solutions Inc. (NYSE:J) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 2.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,145,665 shares of the company's stock after acquiring an additional 73,566 shares during the period. Geode Capital Management LLC owned approximately 2.53% of Jacobs Solutions worth $410,444,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EdgeRock Capital LLC purchased a new stake in shares of Jacobs Solutions during the 2nd quarter worth about $26,000. First Horizon Advisors Inc. lifted its position in Jacobs Solutions by 44.3% during the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock valued at $32,000 after buying an additional 74 shares in the last quarter. Quarry LP grew its stake in Jacobs Solutions by 394.9% during the third quarter. Quarry LP now owns 292 shares of the company's stock worth $38,000 after buying an additional 233 shares during the period. Capital Performance Advisors LLP purchased a new stake in Jacobs Solutions during the third quarter worth approximately $42,000. Finally, True Wealth Design LLC acquired a new stake in shares of Jacobs Solutions in the third quarter worth $44,000. Institutional investors and hedge funds own 85.65% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group restated a "neutral" rating and set a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday. StockNews.com initiated coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a "hold" rating on the stock. Raymond James upgraded Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 target price for the company in a research note on Friday, October 4th. Benchmark lowered Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Finally, Citigroup decreased their price target on Jacobs Solutions from $166.00 to $161.00 and set a "buy" rating for the company in a report on Wednesday, November 20th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $155.78.

Jacobs Solutions Stock Up 0.7 %

Shares of J traded up $0.97 during trading on Friday, reaching $136.99. The company's stock had a trading volume of 699,831 shares, compared to its average volume of 807,320. The company has a market cap of $16.99 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 2.04 and a beta of 0.70. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average of $140.16 and a two-hundred day moving average of $142.28. Jacobs Solutions Inc. has a twelve month low of $104.90 and a twelve month 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 (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.71). The company had revenue of $2.96 billion during 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 company's revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.90 earnings per share. On average, sell-side analysts predict that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal 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 given a $0.29 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.85%. Jacobs Solutions's payout ratio is 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.