Point72 Asset Management L.P. Takes Position in Jacobs Solutions Inc. (NYSE:J)

Point72 Asset Management L.P. acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,412 shares of the company's stock, valued at approximately $1,756,000.

Several other institutional investors have also modified their holdings of the stock. Thrivent Financial for Lutherans boosted its position 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 worth $58,550,000 after acquiring an additional 411,123 shares during the last quarter. Sessa Capital IM L.P. purchased a new position in Jacobs Solutions in the 3rd quarter worth approximately $46,168,000. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Jacobs Solutions by 6.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company's stock worth $464,736,000 after purchasing an additional 192,166 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Jacobs Solutions by 11.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company's stock valued at $169,366,000 after purchasing an additional 127,605 shares in the last quarter. Finally, F M Investments LLC purchased a new stake in shares of Jacobs Solutions in the second quarter valued at approximately $15,513,000. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Trading Down 0.7 %

Shares of Jacobs Solutions stock traded down $0.96 on Wednesday, reaching $135.12. The company had a trading volume of 881,430 shares, compared to its average volume of 808,477. The firm's 50 day moving average price is $140.28 and its two-hundred day moving average price is $142.37. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20. Jacobs Solutions Inc. has a 52-week low of $104.90 and a 52-week high of $150.54. The firm has a market cap of $16.75 billion, a PE ratio of 21.51, a PEG ratio of 2.08 and a beta of 0.70.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its 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). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The firm had revenue of $2.96 billion during the quarter, compared to analysts' expectations of $4.50 billion. During the same period in the previous year, the firm earned $1.90 EPS. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. Sell-side analysts predict that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Friday, October 25th. Jacobs Solutions's dividend payout ratio (DPR) is 18.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Robert W. Baird boosted their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Raymond James upgraded Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price target on the stock in a report on Friday, October 4th. UBS Group upped their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a "buy" rating in a report on Wednesday, August 14th. StockNews.com started coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They set a "hold" rating on the stock. Finally, Citigroup decreased their target price 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. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Jacobs Solutions has a consensus rating of "Hold" and a consensus target price of $155.78.

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.