Baupost Group LLC MA Has $45.90 Million Position in Jacobs Solutions Inc. (NYSE:J)

Baupost Group LLC MA lessened its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 29.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 350,681 shares of the company's stock after selling 143,537 shares during the period. Jacobs Solutions comprises 1.3% of Baupost Group LLC MA's portfolio, making the stock its 15th largest holding. Baupost Group LLC MA owned approximately 0.28% of Jacobs Solutions worth $45,904,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of J. EdgeRock Capital LLC purchased a new position in Jacobs Solutions during the second quarter worth approximately $26,000. Bruce G. Allen Investments LLC raised its position in shares of Jacobs Solutions by 427.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company's stock worth $29,000 after buying an additional 171 shares during the period. First Horizon Advisors Inc. boosted its holdings in 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 acquiring an additional 74 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Jacobs Solutions during the third quarter valued at about $42,000. Finally, LRI Investments LLC acquired a new stake in Jacobs Solutions during the first quarter worth about $48,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Insider Transactions at Jacobs Solutions

In other news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the transaction, the director now directly owns 42,069 shares in the company, valued at approximately $6,346,108.65. The trade was a 4.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value of $625,633.38. Following the sale, the executive vice president now owns 24,564 shares of the company's stock, valued at approximately $3,688,038.96. The trade was a 14.50 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Jacobs Solutions Price Performance

Shares of NYSE J traded up $0.43 during mid-day trading on Wednesday, reaching $141.12. The company had a trading volume of 711,674 shares, compared to its average volume of 809,241. The company has a 50-day moving average price of $141.92 and a two-hundred day moving average price of $142.32. The stock has a market cap of $17.53 billion, a PE ratio of 22.26, a P/E/G ratio of 2.10 and a beta of 0.71. Jacobs Solutions Inc. has a 1-year low of $101.64 and a 1-year high of $150.54. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing analysts' consensus estimates of $2.08 by ($0.71). The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The company's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.90 EPS. On average, equities analysts anticipate that Jacobs Solutions Inc. will post 6.06 earnings per share for the current 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 issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions's dividend payout ratio is currently 18.33%.

Analyst Ratings Changes

J has been the topic of a number of recent research reports. Truist Financial reduced their price objective on Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating on the stock in a research note on Wednesday, October 9th. UBS Group upped their price target on Jacobs Solutions from $161.00 to $165.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. Raymond James upgraded shares of Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price objective on the stock in a research note on Friday, October 4th. Royal Bank of Canada decreased their target price on shares of Jacobs Solutions from $167.00 to $152.00 and set an "outperform" rating for the company in a research note on Thursday, November 21st. Finally, Citigroup dropped their price objective on Jacobs Solutions from $166.00 to $161.00 and set a "buy" rating on the stock in a report on Wednesday, November 20th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Jacobs Solutions has an average rating of "Moderate Buy" and a consensus target price of $156.50.

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.