Ontario Teachers Pension Plan Board Makes New Investment in Jacobs Solutions Inc. (NYSE:J)

Ontario Teachers Pension Plan Board acquired a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,256 shares of the company's stock, valued at approximately $1,343,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tlwm increased its holdings in Jacobs Solutions by 1.2% in the second quarter. Tlwm now owns 6,046 shares of the company's stock valued at $845,000 after buying an additional 74 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock worth $32,000 after acquiring an additional 74 shares during the period. Hudson Edge Investment Partners Inc. increased its stake in Jacobs Solutions by 1.4% in the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company's stock valued at $834,000 after purchasing an additional 82 shares in the last quarter. Empirical Finance LLC boosted its position in Jacobs Solutions by 1.9% during the third quarter. Empirical Finance LLC now owns 4,358 shares of the company's stock worth $570,000 after purchasing an additional 82 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its holdings in Jacobs Solutions by 4.0% in the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company's stock valued at $293,000 after purchasing an additional 86 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction that occurred on 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Shelette M. Gustafson sold 4,167 shares of the business's 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 transaction, the executive vice president now directly owns 24,564 shares in the company, valued at approximately $3,688,038.96. The trade was a 14.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on J. Truist Financial cut their price target on 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 cut their target price on shares of Jacobs Solutions from $166.00 to $161.00 and set a "buy" rating for the company in a research report on Wednesday. UBS Group increased their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th. Raymond James upgraded 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. Finally, Benchmark cut Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Wednesday. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $156.20.

Jacobs Solutions Trading Up 2.5 %

Shares of NYSE J traded up $3.32 during trading on Thursday, hitting $135.82. 582,093 shares of the company traded hands, compared to its average volume of 807,952. The firm has a market capitalization of $16.88 billion, a P/E ratio of 21.46, a P/E/G ratio of 2.04 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 company has a 50-day moving average price of $142.25 and a 200-day moving average price of $142.37. Jacobs Solutions Inc. has a 1 year low of $100.59 and a 1 year high of $150.54.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.08 by ($0.71). The firm had revenue of $2.96 billion for the quarter, compared to analysts' expectations of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. Jacobs Solutions's revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $1.90 EPS. On average, equities analysts predict that Jacobs Solutions Inc. will post 6 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions's dividend payout ratio is presently 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.