Toronto Dominion Bank Raises Holdings in Jacobs Solutions Inc. (NYSE:J)

Toronto Dominion Bank raised its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 14.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,721 shares of the company's stock after purchasing an additional 7,943 shares during the period. Toronto Dominion Bank owned 0.05% of Jacobs Solutions worth $8,210,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of J. Sei Investments Co. grew its holdings in Jacobs Solutions by 32.1% in the 2nd quarter. Sei Investments Co. now owns 271,760 shares of the company's stock valued at $37,968,000 after buying an additional 66,002 shares in the last quarter. Aigen Investment Management LP acquired a new stake in Jacobs Solutions during the third quarter worth approximately $709,000. Asset Management One Co. Ltd. increased its stake in 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 acquiring an additional 4,858 shares during the period. Point72 Asset Management L.P. acquired a new position in Jacobs Solutions in the 3rd quarter valued at $1,756,000. Finally, MBB Public Markets I LLC bought a new stake in shares of Jacobs Solutions during the 2nd quarter valued at $1,302,000. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Stock Performance

Shares of J traded up $0.97 during mid-day trading on Friday, hitting $136.99. The stock had a trading volume of 699,831 shares, compared to its average volume of 807,320. The firm has a market cap of $16.99 billion, a P/E ratio of 21.64, a PEG ratio of 2.04 and a beta of 0.70. Jacobs Solutions Inc. has a 52 week low of $104.90 and a 52 week 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 business has a fifty day moving average price of $140.16 and a 200-day moving average price of $142.34.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly 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). The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $1.90 earnings per share. On average, equities research analysts expect that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

Jacobs Solutions Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions's dividend payout ratio is currently 18.33%.

Analyst Ratings Changes

A number of research firms have issued reports on J. Citigroup decreased their target price on Jacobs Solutions from $166.00 to $161.00 and set a "buy" rating on the stock in a research report on Wednesday, November 20th. Robert W. Baird upped their price target on Jacobs Solutions from $147.00 to $149.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. Raymond James upgraded shares of Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price objective for the company in a research report on Friday, October 4th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $150.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Finally, StockNews.com initiated coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They set a "hold" rating on the stock. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $155.78.

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.