Cerity Partners LLC Raises Stake in Jacobs Solutions Inc. (NYSE:J)

Cerity Partners LLC raised its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 8.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,617 shares of the company's stock after buying an additional 6,641 shares during the period. Cerity Partners LLC owned about 0.07% of Jacobs Solutions worth $10,684,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in J. EdgeRock Capital LLC bought a new stake in shares of Jacobs Solutions during the second quarter worth approximately $26,000. Bruce G. Allen Investments LLC boosted its stake in Jacobs Solutions by 427.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company's stock valued at $29,000 after purchasing an additional 171 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of Jacobs Solutions by 44.3% during the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock worth $32,000 after buying an additional 74 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of Jacobs Solutions during the first quarter worth $48,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Jacobs Solutions in the third quarter valued at about $42,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

J has been the topic of a number of recent analyst reports. Royal Bank of Canada decreased their price target on Jacobs Solutions from $167.00 to $152.00 and set an "outperform" rating on the stock in a research report on Thursday, November 21st. Raymond James upgraded 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. Benchmark cut Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Citigroup decreased their price target 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. Finally, Truist Financial dropped their price objective on shares of Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating for the company in a research note on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions has a consensus rating of "Moderate Buy" and an average target price of $156.50.

Jacobs Solutions Stock Up 0.3 %

Shares of Jacobs Solutions stock traded up $0.43 during trading hours on Wednesday, reaching $141.12. The company's stock had a trading volume of 711,674 shares, compared to its average volume of 809,241. Jacobs Solutions Inc. has a one year low of $101.64 and a one year high of $150.54. The company has a market capitalization of $17.53 billion, a P/E ratio of 22.29, a P/E/G ratio of 2.10 and a beta of 0.71. 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's fifty day simple moving average is $141.83 and its two-hundred day simple moving average is $142.31.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 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 for the quarter, compared to analysts' expectations of $4.50 billion. During the same period in the previous year, the business posted $1.90 earnings per share. The business's revenue was up 4.4% compared to the same quarter last year. On average, research analysts forecast that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 0.82%. Jacobs Solutions's dividend payout ratio is currently 18.33%.

Insiders Place Their Bets

In related news, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total transaction of $625,633.38. Following the completion of the sale, the executive vice president now owns 24,564 shares of the company's stock, valued at approximately $3,688,038.96. This trade represents a 14.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher M.T. Thompson sold 1,898 shares of the company's 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 completion of the transaction, the director now owns 42,069 shares in the company, valued at $6,346,108.65. This represents a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

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.