Neo Ivy Capital Management Takes Position in Jacobs Solutions Inc. (NYSE:J)

Neo Ivy Capital Management purchased a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,352 shares of the company's stock, valued at approximately $2,402,000.

Other hedge funds also recently modified their holdings of the company. EdgeRock Capital LLC acquired a new stake in Jacobs Solutions during the 2nd quarter valued at approximately $26,000. First Horizon Advisors Inc. increased its position 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 during the period. Quarry LP raised its stake in Jacobs Solutions by 394.9% during the third quarter. Quarry LP now owns 292 shares of the company's stock worth $38,000 after buying an additional 233 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Jacobs Solutions in the third quarter valued at $42,000. Finally, True Wealth Design LLC acquired a new stake in Jacobs Solutions during the 3rd quarter worth about $44,000. Institutional investors and hedge funds own 85.65% of the company's stock.

Analysts Set New Price Targets

J has been the subject of several research analyst reports. Truist Financial lowered 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. Citigroup dropped their price objective 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. Benchmark downgraded Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $152.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Finally, StockNews.com assumed coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a "hold" rating for the company. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Jacobs Solutions presently has a consensus rating of "Hold" and an average price target of $155.78.

Jacobs Solutions Stock Up 0.4 %

Shares of NYSE:J traded up $0.61 during mid-day trading on Wednesday, hitting $136.69. 309,732 shares of the company traded hands, compared to its average volume of 805,985. The stock has a market cap of $16.95 billion, a P/E ratio of 21.51, a P/E/G ratio of 2.08 and a beta of 0.70. The stock has a 50-day moving average price of $140.28 and a two-hundred day moving average price of $142.37. Jacobs Solutions Inc. has a 12-month low of $104.90 and a 12-month high of $150.54. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its 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). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter in the previous year, the company earned $1.90 EPS. The business's revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts forecast that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were given a dividend of $0.29 per share. The ex-dividend date was Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.85%. Jacobs Solutions's dividend payout ratio is currently 18.33%.

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.