Kovitz Investment Group Partners LLC Acquires 32,650 Shares of Jacobs Solutions Inc. (NYSE:J)

Kovitz Investment Group Partners LLC lifted its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 3.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,040,032 shares of the company's stock after acquiring an additional 32,650 shares during the period. Jacobs Solutions makes up 0.9% of Kovitz Investment Group Partners LLC's portfolio, making the stock its 23rd largest holding. Kovitz Investment Group Partners LLC owned approximately 0.84% of Jacobs Solutions worth $143,263,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. EdgeRock Capital LLC acquired a new position in Jacobs Solutions in the 2nd quarter valued at approximately $26,000. Bruce G. Allen Investments LLC increased its position in shares of Jacobs Solutions by 427.5% during the second 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. raised its stake in shares of 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 purchasing an additional 74 shares in the last quarter. Quarry LP lifted its position in Jacobs Solutions by 394.9% in the third quarter. Quarry LP now owns 292 shares of the company's stock worth $38,000 after purchasing an additional 233 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in Jacobs Solutions during the third quarter worth $42,000. Institutional investors and hedge funds own 85.65% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. 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 note on Friday, October 4th. Robert W. Baird raised their price target on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Truist Financial lowered 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. Citigroup cut their target price on Jacobs Solutions from $166.00 to $161.00 and set a "buy" rating for the company in a research report on Wednesday, November 20th. Finally, StockNews.com initiated coverage on Jacobs Solutions in a research note on Wednesday. They issued a "hold" rating on the stock. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $156.50.

Jacobs Solutions Price Performance

Jacobs Solutions stock traded up $0.09 on Friday, reaching $137.83. The company's stock had a trading volume of 668,605 shares, compared to its average volume of 870,191. Jacobs Solutions Inc. has a twelve month low of $104.90 and a twelve month high of $150.54. The company has a market cap of $17.09 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 2.09 and a beta of 0.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20. The business's fifty day moving average price is $140.44 and its 200 day moving average price is $142.35.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) 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 analyst estimates of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The firm's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company earned $1.90 EPS. Equities analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions's dividend payout ratio (DPR) is presently 18.33%.

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.