334 Shares in Jacobs Solutions Inc. (NYSE:J) Acquired by True Wealth Design LLC

True Wealth Design LLC bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 334 shares of the company’s stock, valued at approximately $44,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of J. Tlwm increased its position in shares of Jacobs Solutions by 1.2% during the 2nd quarter. Tlwm now owns 6,046 shares of the company’s stock valued at $845,000 after purchasing an additional 74 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Jacobs Solutions by 44.3% in 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. Hudson Edge Investment Partners Inc. grew its position in Jacobs Solutions by 1.4% during the second quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock valued at $834,000 after acquiring an additional 82 shares during the last quarter. Empirical Finance LLC raised its stake in shares of Jacobs Solutions by 1.9% during the third quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock worth $570,000 after acquiring an additional 82 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its holdings in shares of Jacobs Solutions by 4.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock worth $293,000 after acquiring an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock opened at $141.23 on Monday. The business has a 50 day moving average of $141.51 and a 200 day moving average of $142.39. Jacobs Solutions Inc. has a 52 week low of $104.90 and a 52 week high of $150.54. The company has a market cap of $17.51 billion, a PE ratio of 22.31, a P/E/G ratio of 2.13 and a beta of 0.71. The company has a quick ratio of 1.14, a current ratio of 1.20 and a debt-to-equity ratio of 0.30.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing the consensus estimate 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 return on equity of 14.82% and a net margin of 5.16%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.90 earnings per share. As a group, equities research analysts forecast that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company 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. The ex-dividend date was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.82%. Jacobs Solutions’s dividend payout ratio (DPR) is 18.33%.

Analysts Set New Price Targets

Several equities analysts recently commented on J shares. Royal Bank of Canada reduced their target price on shares of Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating on the stock in a report on Thursday, November 21st. StockNews.com began coverage on Jacobs Solutions in a report on Tuesday, November 26th. They issued a “buy” rating on the stock. Truist Financial dropped their target price on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Robert W. Baird raised their price target on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, Citigroup lowered their price objective on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $156.50.

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.