State Street Corp Has $956.22 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

State Street Corp lowered its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 0.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,304,987 shares of the company's stock after selling 14,367 shares during the quarter. State Street Corp owned approximately 5.88% of Jacobs Solutions worth $956,223,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Citigroup cut their price objective 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. Truist Financial reduced their price target on Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating on the stock in a research report on Wednesday, October 9th. Benchmark downgraded Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. StockNews.com began coverage on Jacobs Solutions in a report on Wednesday. They set a "hold" rating on the stock. Finally, Raymond James raised Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price target for the company in a research note on Friday, October 4th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $156.50.

Jacobs Solutions Stock Up 0.1 %

Shares of J traded up $0.09 on Friday, hitting $137.83. The company's stock had a trading volume of 668,605 shares, compared to its average volume of 870,191. The firm's fifty day moving average price is $140.09 and its 200-day moving average price is $142.39. Jacobs Solutions Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $150.54. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $17.09 billion, a price-to-earnings ratio of 21.77, a P/E/G ratio of 2.09 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 for the quarter, missing analysts' consensus estimates of $2.08 by ($0.71). The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. Jacobs Solutions's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.90 earnings per share. On average, equities research analysts expect that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Friday, October 25th. Jacobs Solutions's dividend payout ratio (DPR) is currently 18.33%.

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.