UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $85.10 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 19.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 650,110 shares of the company's stock after purchasing an additional 107,849 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.52% of Jacobs Solutions worth $85,099,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC grew its position in 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in Jacobs Solutions by 11.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company's stock worth $169,366,000 after buying an additional 127,605 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Jacobs Solutions by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 760,516 shares of the company's stock valued at $99,552,000 after buying an additional 14,405 shares during the period. American Century Companies Inc. increased its stake in shares of Jacobs Solutions by 12.0% in the second quarter. American Century Companies Inc. now owns 632,868 shares of the company's stock worth $88,418,000 after acquiring an additional 67,821 shares during the last quarter. Finally, Ceredex Value Advisors LLC raised its holdings in shares of Jacobs Solutions by 5.5% during the second quarter. Ceredex Value Advisors LLC now owns 601,944 shares of the company's stock worth $84,098,000 after acquiring an additional 31,225 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on J shares. UBS Group upped their target price on Jacobs Solutions from $161.00 to $165.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. Truist Financial lowered their target price 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. Citigroup cut their target price on shares of Jacobs Solutions from $166.00 to $161.00 and set a "buy" rating for the company in a research report on Wednesday, November 20th. StockNews.com initiated coverage on Jacobs Solutions in a research report on Tuesday, November 26th. They issued a "buy" rating on the stock. Finally, 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 note on Friday, October 4th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $156.50.

Jacobs Solutions Trading Down 1.3 %

NYSE J traded down $1.87 during trading hours on Tuesday, hitting $138.00. The company's stock had a trading volume of 654,730 shares, compared to its average volume of 809,458. The stock has a fifty day moving average of $141.51 and a 200 day moving average of $142.39. The firm has a market capitalization of $17.11 billion, a P/E ratio of 21.80, a PEG ratio of 2.11 and a beta of 0.70. Jacobs Solutions Inc. has a twelve month low of $104.90 and a twelve month 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.

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

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 0.84%. Jacobs Solutions's dividend payout ratio is 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.