Wilmington Savings Fund Society FSB Invests $3.21 Million in Jacobs Solutions Inc. (NYSE:J)

Wilmington Savings Fund Society FSB acquired a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,484 shares of the company's stock, valued at approximately $3,205,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. EdgeRock Capital LLC bought a new stake in shares of Jacobs Solutions during the second quarter valued at approximately $26,000. First Horizon Advisors Inc. boosted its stake in Jacobs Solutions by 44.3% during the third 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 increased its holdings in 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 buying an additional 233 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Jacobs Solutions in the 3rd quarter valued at $42,000. Finally, True Wealth Design LLC bought a new position in shares of Jacobs Solutions during the 3rd quarter worth about $44,000. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Price Performance

Shares of NYSE:J traded up $0.97 during midday trading on Friday, reaching $136.99. The company's stock had a trading volume of 699,831 shares, compared to its average volume of 807,320. The business's fifty day simple moving average is $140.16 and its 200-day simple moving average is $142.25. The company has a market capitalization of $16.99 billion, a P/E ratio of 21.64, a P/E/G ratio of 2.04 and a beta of 0.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20. Jacobs Solutions Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $150.54.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $4.50 billion. During the same quarter in the previous year, the business posted $1.90 EPS. The company's revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts expect that Jacobs Solutions Inc. will post 6.06 EPS 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 issued 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 of this dividend was Friday, October 25th. Jacobs Solutions's dividend payout ratio is presently 18.33%.

Analyst Ratings Changes

J has been the topic of a number of analyst reports. Benchmark cut shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. StockNews.com began coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a "hold" rating on the stock. Royal Bank of Canada restated an "outperform" rating and set a $152.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. 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 research report on Friday, October 4th. Finally, Truist Financial cut their price objective on Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating for the company in a report on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $155.78.

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.