Jacobs Solutions Inc. (NYSE:J) Shares Purchased by Soros Fund Management LLC

Soros Fund Management LLC lifted its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 34.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 500,907 shares of the company's stock after buying an additional 127,874 shares during the quarter. Jacobs Solutions makes up approximately 0.9% of Soros Fund Management LLC's investment portfolio, making the stock its 24th largest position. Soros Fund Management LLC owned approximately 0.40% of Jacobs Solutions worth $65,569,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in J. Stifel Financial Corp raised its stake in Jacobs Solutions by 23.0% in the 3rd quarter. Stifel Financial Corp now owns 66,103 shares of the company's stock valued at $8,653,000 after purchasing an additional 12,353 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of Jacobs Solutions by 21.6% in the third quarter. Quantinno Capital Management LP now owns 27,537 shares of the company's stock valued at $3,605,000 after buying an additional 4,894 shares during the last quarter. Quarry LP lifted its stake in shares of Jacobs Solutions by 394.9% in the third quarter. Quarry LP now owns 292 shares of the company's stock worth $38,000 after buying an additional 233 shares in the last quarter. Royal London Asset Management Ltd. boosted its position in Jacobs Solutions by 4.8% during the third quarter. Royal London Asset Management Ltd. now owns 55,672 shares of the company's stock worth $7,287,000 after acquiring an additional 2,568 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Jacobs Solutions during the 3rd quarter valued at about $1,756,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Up 0.3 %

J stock traded up $0.45 during midday trading on Friday, hitting $138.19. The company's stock had a trading volume of 198,816 shares, compared to its average volume of 805,283. The firm has a 50-day simple moving average of $140.44 and a 200-day simple moving average of $142.35. The firm has a market capitalization of $17.13 billion, a P/E ratio of 21.76, a PEG ratio of 2.08 and a beta of 0.70. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. 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 earnings results 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). 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 analyst estimates of $4.50 billion. During the same period last year, the business earned $1.90 EPS. The firm's revenue was up 4.4% compared to the same quarter last year. As a group, equities analysts forecast 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 issued a dividend of $0.29 per share. The ex-dividend date was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 0.84%. Jacobs Solutions's payout ratio is currently 18.33%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on J. 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. Truist Financial dropped their price target 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. Benchmark lowered shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. StockNews.com assumed coverage on Jacobs Solutions in a research report on Wednesday. They issued a "hold" rating for the company. Finally, Robert W. Baird raised their target price on Jacobs Solutions from $147.00 to $149.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Jacobs Solutions has an average 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.