Y Intercept Hong Kong Ltd Acquires Shares of 8,344 Jacobs Solutions Inc. (NYSE:J)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 8,344 shares of the company's stock, valued at approximately $1,092,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Jacobs Solutions by 6.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company's stock valued at $464,736,000 after purchasing an additional 192,166 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Jacobs Solutions by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company's stock valued at $169,366,000 after purchasing an additional 127,605 shares during the period. Kovitz Investment Group Partners LLC raised its position in shares of Jacobs Solutions by 3.2% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,040,032 shares of the company's stock valued at $143,263,000 after purchasing an additional 32,650 shares during the period. Charles Schwab Investment Management Inc. lifted 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Jacobs Solutions by 19.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 650,110 shares of the company's stock worth $85,099,000 after buying an additional 107,849 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. StockNews.com started coverage on Jacobs Solutions in a report on Wednesday, December 4th. They set a "hold" rating on the stock. Benchmark downgraded Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. UBS Group upped their price target on Jacobs Solutions from $161.00 to $165.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th. Robert W. Baird lifted their price objective on shares of Jacobs Solutions from $147.00 to $149.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. Finally, Truist Financial dropped their target price on shares of Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating for the company in a research report on Wednesday, October 9th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Jacobs Solutions presently has a consensus rating of "Hold" and an average price target of $155.78.

Jacobs Solutions Trading Up 0.7 %

J stock traded up $0.90 during midday trading on Thursday, reaching $136.02. 638,469 shares of the company traded hands, compared to its average volume of 807,768. The firm has a market capitalization of $16.86 billion, a price-to-earnings ratio of 21.35, a P/E/G ratio of 2.08 and a beta of 0.70. Jacobs Solutions Inc. has a 52-week low of $104.90 and a 52-week high of $150.54. The business has a 50 day moving average of $140.28 and a 200-day moving average of $142.32. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20.

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 for the quarter, missing the consensus estimate 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 net margin of 5.16% and a return on equity of 14.82%. The business's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.90 EPS. As a group, sell-side analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.85%. Jacobs Solutions's dividend payout ratio is presently 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.