Greenwood Gearhart Inc. Has $7.96 Million Position in Jacobs Solutions Inc. (NYSE:J)

Greenwood Gearhart Inc. raised its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 8.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,774 shares of the company's stock after acquiring an additional 4,879 shares during the quarter. Greenwood Gearhart Inc.'s holdings in Jacobs Solutions were worth $7,956,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Thrivent Financial for Lutherans increased its stake in Jacobs Solutions by 5,170.1% in the second quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company's stock valued at $58,550,000 after purchasing an additional 411,123 shares in the last quarter. Sessa Capital IM L.P. bought a new stake in shares of Jacobs Solutions in the 3rd quarter valued at $46,168,000. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Jacobs Solutions by 6.1% during the 2nd 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 period. Soros Fund Management LLC lifted its holdings in Jacobs Solutions by 34.3% during the third quarter. Soros Fund Management LLC now owns 500,907 shares of the company's stock worth $65,569,000 after acquiring an additional 127,874 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in 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 acquiring an additional 127,605 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Stock Down 0.1 %

Shares of NYSE J traded down $0.17 during mid-day trading on Tuesday, hitting $135.98. The company had a trading volume of 423,187 shares, compared to its average volume of 805,815. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. The firm has a 50-day simple moving average of $140.19 and a two-hundred day simple moving average of $142.40. The company has a market capitalization of $16.86 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 2.08 and a beta of 0.70. Jacobs Solutions Inc. has a one year low of $104.90 and a one 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). 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 the consensus estimate of $4.50 billion. During the same quarter in the prior year, the business earned $1.90 earnings per share. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts expect 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 given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.85%. The ex-dividend date was Friday, October 25th. Jacobs Solutions's dividend payout ratio (DPR) is currently 18.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on J shares. Citigroup dropped their price target on Jacobs Solutions from $166.00 to $161.00 and set a "buy" rating on the stock in a research report on Wednesday, November 20th. UBS Group raised their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. Royal Bank of Canada reiterated an "outperform" rating and issued a $152.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Truist Financial dropped 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. Finally, Raymond James raised shares of 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. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Jacobs Solutions has a consensus rating of "Hold" and an average price target of $155.78.

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.