TCW Group Inc. Purchases 4,180 Shares of Jacobs Solutions Inc. (NYSE:J)

TCW Group Inc. grew its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 36.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,569 shares of the company's stock after purchasing an additional 4,180 shares during the period. TCW Group Inc.'s holdings in Jacobs Solutions were worth $2,038,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of J. Assenagon Asset Management S.A. boosted its position in Jacobs Solutions by 3.6% during the 2nd 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 period. Blue Trust Inc. boosted 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. Raymond James & Associates grew its position in shares of Jacobs Solutions by 0.8% during the second quarter. Raymond James & Associates now owns 109,435 shares of the company's stock worth $15,289,000 after acquiring an additional 873 shares during the last quarter. Argus Investors Counsel Inc. acquired a new stake in shares of Jacobs Solutions in the 2nd quarter worth about $452,000. Finally, Hennion & Walsh Asset Management Inc. lifted its position in Jacobs Solutions by 68.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 7,081 shares of the company's stock valued at $989,000 after purchasing an additional 2,869 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on J shares. Royal Bank of Canada restated an "outperform" rating and set a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. StockNews.com initiated coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They issued a "hold" rating for the company. Truist Financial lowered their price objective on shares of Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating on the stock in a research note on Wednesday, October 9th. Raymond James upgraded Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 target price for the company in a research report on Friday, October 4th. Finally, Benchmark downgraded Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $155.78.

Jacobs Solutions Stock Up 0.7 %

J stock traded up $0.96 during trading hours on Friday, hitting $136.98. The company's stock had a trading volume of 699,805 shares, compared to its average volume of 807,320. The company has a market capitalization of $16.99 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 2.04 and a beta of 0.70. The stock has a 50 day moving average price of $140.16 and a two-hundred day moving average price of $142.25. 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 12 month low of $104.90 and a 12 month high of $150.54.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter last year, the company posted $1.90 EPS. The business's revenue was up 4.4% compared to the same quarter last year. On average, equities research 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 disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.85%. Jacobs Solutions's dividend payout ratio is presently 18.33%.

Jacobs Solutions Company 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.