Wellington Management Group LLP Grows Position in Jacobs Solutions Inc. (NYSE:J)

Wellington Management Group LLP grew its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 13.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 251,732 shares of the company's stock after buying an additional 30,058 shares during the period. Wellington Management Group LLP owned 0.20% of Jacobs Solutions worth $32,952,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. EdgeRock Capital LLC purchased a new position in shares of Jacobs Solutions during the 2nd quarter worth approximately $26,000. First Horizon Advisors Inc. lifted its holdings in Jacobs Solutions by 44.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock worth $32,000 after buying an additional 74 shares in the last quarter. Quarry LP lifted its holdings in Jacobs Solutions by 394.9% during the 3rd 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. Capital Performance Advisors LLP acquired a new stake in Jacobs Solutions during the 3rd quarter worth approximately $42,000. Finally, True Wealth Design LLC acquired a new stake in Jacobs Solutions during the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

Shares of NYSE:J traded up $0.09 during midday trading on Friday, hitting $136.11. The stock had a trading volume of 245,013 shares, compared to its average volume of 805,287. The company has a market capitalization of $16.88 billion, a PE ratio of 21.49, a P/E/G ratio of 2.04 and a beta of 0.70. The stock has a 50 day moving average price of $140.22 and a two-hundred day moving average price of $142.28. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. Jacobs Solutions Inc. has a 1 year low of $104.90 and a 1 year high of $150.54.

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

Jacobs Solutions Dividend Announcement

The firm also recently announced 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 0.85%. The ex-dividend date was Friday, October 25th. Jacobs Solutions's payout ratio is currently 18.33%.

Analyst Ratings Changes

A number of research firms have issued reports on J. Robert W. Baird increased their target price on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an "outperform" rating in a report on Wednesday, November 20th. StockNews.com started coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They issued a "hold" rating on the stock. Raymond James upgraded shares of Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price objective on the stock in a report on Friday, October 4th. Royal Bank of Canada restated an "outperform" rating and issued a $152.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Finally, Citigroup reduced 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. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $155.78.

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.