Quantinno Capital Management LP Buys 4,894 Shares of Jacobs Solutions Inc. (NYSE:J)

Quantinno Capital Management LP lifted its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 21.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,537 shares of the company's stock after buying an additional 4,894 shares during the quarter. Quantinno Capital Management LP's holdings in Jacobs Solutions were worth $3,605,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of J. Cetera Investment Advisers increased its position in Jacobs Solutions by 103.0% in the 1st quarter. Cetera Investment Advisers now owns 18,957 shares of the company's stock worth $2,914,000 after buying an additional 9,617 shares during the period. Czech National Bank increased its position in Jacobs Solutions by 7.9% during the second quarter. Czech National Bank now owns 23,861 shares of the company's stock worth $3,334,000 after acquiring an additional 1,753 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Jacobs Solutions by 0.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 118,347 shares of the company's stock valued at $16,534,000 after purchasing an additional 473 shares during the last quarter. Redhawk Wealth Advisors Inc. bought a new stake in Jacobs Solutions in the 2nd quarter valued at $392,000. Finally, Wedge Capital Management L L P NC increased its holdings in shares of Jacobs Solutions by 0.5% during the 2nd quarter. Wedge Capital Management L L P NC now owns 89,022 shares of the company's stock worth $12,437,000 after purchasing an additional 484 shares during the period. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Price Performance

Shares of J traded down $1.67 during trading hours on Monday, hitting $136.16. The stock had a trading volume of 728,580 shares, compared to its average volume of 807,041. The stock has a market capitalization of $16.88 billion, a price-to-earnings ratio of 21.51, a P/E/G ratio of 2.08 and a beta of 0.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20. The company's fifty day moving average is $140.09 and its two-hundred day moving average is $142.42. Jacobs Solutions Inc. has a 52 week low of $104.90 and a 52 week high of $150.54.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.71). The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. Jacobs Solutions's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.90 earnings per share. On average, analysts anticipate that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

Jacobs Solutions Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently weighed in on J. Raymond James upgraded shares of Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 target price for the company in a research note on Friday, October 4th. StockNews.com assumed coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They issued a "hold" rating for the company. Robert W. Baird lifted their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the stock an "outperform" rating in a report on Wednesday, November 20th. Benchmark lowered Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Finally, UBS Group lifted their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $156.50.

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.