Charles Schwab Investment Management Inc. Has $99.55 Million Stake in Jacobs Solutions Inc. (NYSE:J)

Charles Schwab Investment Management Inc. grew its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 760,516 shares of the company's stock after acquiring an additional 14,405 shares during the period. Charles Schwab Investment Management Inc. owned 0.61% of Jacobs Solutions worth $99,552,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Boston Partners boosted its holdings in Jacobs Solutions by 27.9% in the first quarter. Boston Partners now owns 3,697,086 shares of the company's stock worth $567,436,000 after purchasing an additional 805,657 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Jacobs Solutions by 5,170.1% during the second quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company's stock valued at $58,550,000 after acquiring an additional 411,123 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in 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 acquiring an additional 192,166 shares during the period. Westwood Holdings Group Inc. boosted its holdings in Jacobs Solutions by 7,306.2% during the first quarter. Westwood Holdings Group Inc. now owns 138,051 shares of the company's stock valued at $21,223,000 after acquiring an additional 136,187 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Jacobs Solutions by 11.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company's stock valued at $169,366,000 after acquiring an additional 127,605 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Robert W. Baird increased their price target on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. StockNews.com assumed coverage on shares of Jacobs Solutions in a research report on Tuesday. They issued a "buy" rating for the company. Truist Financial dropped their price target on shares of Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating for the company in a research report on Wednesday, October 9th. Royal Bank of Canada dropped their price target on shares of Jacobs Solutions from $167.00 to $152.00 and set an "outperform" rating for the company in a research report on Thursday, November 21st. Finally, Benchmark lowered shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Jacobs Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $156.50.

Jacobs Solutions Trading Up 0.3 %

J stock traded up $0.43 during midday trading 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 52 week low of $101.64 and a 52 week high of $150.54. The stock has a market cap of $17.53 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 2.10 and a beta of 0.71. The company has a quick ratio of 1.14, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The business's 50-day simple moving average is $141.83 and its 200-day simple moving average is $142.31.

Jacobs Solutions (NYSE:J - Get Free Report) last posted 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). 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 quarter last year, the business posted $1.90 earnings per share. As a group, sell-side analysts expect that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently declared 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 payout ratio is currently 18.33%.

Insider Buying and Selling 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 shares were 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 of the company's stock, valued at $6,346,108.65. This trade represents a 4.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the completion of the transaction, the executive vice president now directly 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 position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

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.