Concentric Capital Strategies LP Buys Shares of 43,839 Jacobs Solutions Inc. (NYSE:J)

Concentric Capital Strategies LP bought a new position in shares of Jacobs Solutions Inc. (NYSE:J) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 43,839 shares of the company’s stock, valued at approximately $5,739,000.

A number of other institutional investors have also made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC grew its position in Jacobs Solutions by 6.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock valued at $464,736,000 after acquiring an additional 192,166 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Jacobs Solutions by 11.8% during 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 during the period. Charles Schwab Investment Management Inc. lifted its holdings in Jacobs Solutions by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 760,516 shares of the company’s stock worth $99,552,000 after buying an additional 14,405 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 valued at $85,099,000 after buying an additional 107,849 shares during the period. Finally, American Century Companies Inc. grew 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 in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Truist Financial reduced their price objective on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Robert W. Baird lifted their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Benchmark lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. 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. Finally, Citigroup dropped their price objective on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Jacobs Solutions has a consensus rating of “Moderate Buy” and an average price target of $156.50.

Jacobs Solutions Trading Up 0.0 %

Shares of Jacobs Solutions stock opened at $141.23 on Monday. The company has a fifty day simple moving average of $141.51 and a 200-day simple moving average of $142.39. Jacobs Solutions Inc. has a 12-month low of $104.90 and a 12-month high of $150.54. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30. The stock has a market cap of $17.51 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 2.13 and a beta of 0.71.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same period in the previous year, the business posted $1.90 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts forecast that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Friday, October 25th. Jacobs Solutions’s payout ratio is currently 18.33%.

Jacobs Solutions 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.