Public Sector Pension Investment Board Buys 19,400 Shares of Jacobs Solutions Inc. (NYSE:J)

Public Sector Pension Investment Board increased its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 412.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,105 shares of the company's stock after purchasing an additional 19,400 shares during the quarter. Public Sector Pension Investment Board's holdings in Jacobs Solutions were worth $3,155,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in J. Tlwm boosted its stake in Jacobs Solutions by 1.2% in the second quarter. Tlwm now owns 6,046 shares of the company's stock valued at $845,000 after acquiring an additional 74 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock valued at $32,000 after purchasing an additional 74 shares during the period. Hudson Edge Investment Partners Inc. raised its position in shares of Jacobs Solutions by 1.4% in the second quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company's stock valued at $834,000 after purchasing an additional 82 shares during the period. Empirical Finance LLC raised its position in shares of Jacobs Solutions by 1.9% in the third quarter. Empirical Finance LLC now owns 4,358 shares of the company's stock valued at $570,000 after purchasing an additional 82 shares during the period. Finally, OneDigital Investment Advisors LLC raised its position in shares of Jacobs Solutions by 4.0% in the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company's stock valued at $293,000 after purchasing an additional 86 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on J shares. UBS Group upped 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. Raymond James raised shares of Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 target price on the stock in a report on Friday, October 4th. Citigroup decreased their target price on shares of Jacobs Solutions from $166.00 to $161.00 and set a "buy" rating on the stock in a report on Wednesday, November 20th. Truist Financial decreased their target price 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, Royal Bank of Canada reaffirmed an "outperform" rating and set a $152.00 target price on shares of Jacobs Solutions in a report on Tuesday. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $156.50.

Jacobs Solutions Price Performance

Shares of NYSE:J traded up $0.05 during trading on Wednesday, reaching $138.05. The company had a trading volume of 352,129 shares, compared to its average volume of 807,349. Jacobs Solutions Inc. has a 12 month low of $104.90 and a 12 month high of $150.54. The stock has a market capitalization of $17.11 billion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 2.11 and a beta of 0.70. The company has a fifty day moving average of $141.10 and a two-hundred day moving average of $142.42. 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 (NYSE:J - Get Free Report) last announced its quarterly earnings data 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). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The business had revenue of $2.96 billion during the quarter, compared to analysts' expectations of $4.50 billion. During the same period last year, the company posted $1.90 EPS. Jacobs Solutions's revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts forecast that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

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. The ex-dividend date was Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 0.84%. Jacobs Solutions's payout ratio is currently 18.33%.

About Jacobs Solutions

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.