Jacobs Levy Equity Management Inc. Buys 5,601 Shares of Jacobs Solutions Inc. (NYSE:J)

Jacobs Levy Equity Management Inc. grew its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 7.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 82,399 shares of the company's stock after purchasing an additional 5,601 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.07% of Jacobs Solutions worth $10,786,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Sei Investments Co. increased its holdings in shares of Jacobs Solutions by 32.1% during the 2nd quarter. Sei Investments Co. now owns 271,760 shares of the company's stock worth $37,968,000 after buying an additional 66,002 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Jacobs Solutions during the 3rd quarter worth $709,000. Asset Management One Co. Ltd. increased its holdings in shares of Jacobs Solutions by 6.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 76,308 shares of the company's stock worth $9,989,000 after buying an additional 4,858 shares during the last quarter. MBB Public Markets I LLC acquired a new stake in shares of Jacobs Solutions during the 2nd quarter worth $1,302,000. Finally, Marks Group Wealth Management Inc increased its holdings in shares of Jacobs Solutions by 13.6% during the 3rd quarter. Marks Group Wealth Management Inc now owns 64,074 shares of the company's stock worth $8,387,000 after buying an additional 7,695 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Analysts Set New Price Targets

J has been the subject of a number of research analyst reports. Raymond James upgraded Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price objective for the company in a report on Friday, October 4th. UBS Group increased their price target on Jacobs Solutions from $161.00 to $165.00 and gave the company a "buy" rating in a report on Wednesday, August 14th. Robert W. Baird increased their price target on Jacobs Solutions from $147.00 to $149.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. StockNews.com assumed coverage on Jacobs Solutions in a report on Wednesday. They issued a "hold" rating for the company. Finally, 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. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $156.50.

Jacobs Solutions Trading Up 0.1 %

Jacobs Solutions stock traded up $0.17 during midday trading on Friday, reaching $137.91. The stock had a trading volume of 668,605 shares, compared to its average volume of 807,374. The firm's fifty day simple moving average is $140.44 and its two-hundred day simple moving average is $142.35. Jacobs Solutions Inc. has a twelve month low of $104.90 and a twelve month high of $150.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $17.10 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 2.08 and a beta of 0.70.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.08 by ($0.71). The company had revenue of $2.96 billion for 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 quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the business earned $1.90 EPS. Equities analysts anticipate that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

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