Orion Portfolio Solutions LLC Buys Shares of 10,923 Jacobs Solutions Inc. (NYSE:J)

Orion Portfolio Solutions LLC bought a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,923 shares of the company's stock, valued at approximately $1,430,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its stake in Jacobs Solutions by 3.6% during the second quarter. Assenagon Asset Management S.A. now owns 3,401 shares of the company's stock valued at $475,000 after purchasing an additional 119 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Jacobs Solutions by 3,254.5% during the second quarter. Blue Trust Inc. now owns 2,952 shares of the company's stock valued at $454,000 after acquiring an additional 2,864 shares during the period. TCW Group Inc. purchased a new stake in shares of Jacobs Solutions in the second quarter valued at $1,591,000. Raymond James & Associates lifted its stake in Jacobs Solutions by 0.8% in the 2nd quarter. Raymond James & Associates now owns 109,435 shares of the company's stock worth $15,289,000 after acquiring an additional 873 shares in the last quarter. Finally, Argus Investors Counsel Inc. acquired a new stake in shares of Jacobs Solutions during the second quarter worth approximately $452,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on J shares. StockNews.com started coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a "hold" rating on the stock. Citigroup decreased 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. Benchmark downgraded Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Robert W. Baird boosted their target price 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. Finally, Truist Financial dropped their price objective on shares of Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating on the stock in a report on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $155.78.

Jacobs Solutions Price Performance

Shares of NYSE J traded up $0.97 during trading on Friday, reaching $136.99. The company had a trading volume of 699,831 shares, compared to its average volume of 807,320. 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 50 day moving average price is $140.16 and its 200-day moving average price is $142.25. Jacobs Solutions Inc. has a 52 week low of $104.90 and a 52 week high of $150.54. The stock has a market cap of $16.99 billion, a PE ratio of 21.64, a PEG ratio of 2.04 and a beta of 0.70.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, November 19th. The company reported $1.37 EPS 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 net margin of 5.16% and a return on equity of 14.82%. The firm's quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the business posted $1.90 earnings per share. Analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were paid 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 was Friday, October 25th. Jacobs Solutions's dividend payout ratio (DPR) is 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.