Jacobs Solutions Inc. (NYSE:J) Position Boosted by Verition Fund Management LLC

Verition Fund Management LLC boosted its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 249.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 72,885 shares of the company's stock after buying an additional 52,024 shares during the period. Verition Fund Management LLC owned approximately 0.06% of Jacobs Solutions worth $9,541,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of J. Thrivent Financial for Lutherans boosted its position in shares of Jacobs Solutions by 5,170.1% in the second quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company's stock worth $58,550,000 after buying an additional 411,123 shares during the period. Sessa Capital IM L.P. acquired a new stake in Jacobs Solutions in the third quarter valued at approximately $46,168,000. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of 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 valued at $464,736,000 after purchasing an additional 192,166 shares during the period. Dimensional Fund Advisors LP lifted its position 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 purchasing an additional 127,605 shares in the last quarter. Finally, F M Investments LLC purchased a new position in shares of Jacobs Solutions in the second quarter valued at $15,513,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

Shares of NYSE J traded up $0.02 during trading on Friday, reaching $141.23. The stock had a trading volume of 1,002,617 shares, compared to its average volume of 834,728. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.14 and a current ratio of 1.20. The stock has a market cap of $17.51 billion, a PE ratio of 22.31, a P/E/G ratio of 2.13 and a beta of 0.71. Jacobs Solutions Inc. has a one year low of $104.90 and a one year high of $150.54. The firm's 50 day moving average price is $141.51 and its two-hundred day moving average price is $142.39.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter in the previous year, the firm earned $1.90 EPS. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts forecast that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were given 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 payout ratio is 18.33%.

Analysts Set New Price Targets

Several research firms recently issued reports on J. Royal Bank of Canada dropped their price target on shares of Jacobs Solutions from $167.00 to $152.00 and set an "outperform" rating on the stock in a research note on Thursday, November 21st. Truist Financial dropped their target price on Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating on the stock in a research report on Wednesday, October 9th. StockNews.com initiated coverage on Jacobs Solutions in a research note on Tuesday, November 26th. They issued a "buy" rating on the stock. 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 research note on Friday, October 4th. Finally, Robert W. Baird upped their target price on Jacobs Solutions from $147.00 to $149.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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.