Jacobs Solutions Inc. (NYSE:J) Position Increased by Virtu Financial LLC

Virtu Financial LLC lifted its position in Jacobs Solutions Inc. (NYSE:J) by 151.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,675 shares of the company’s stock after acquiring an additional 2,814 shares during the period. Virtu Financial LLC’s holdings in Jacobs Solutions were worth $612,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in J. EdgeRock Capital LLC acquired a new stake in Jacobs Solutions during the 2nd quarter worth about $26,000. First Horizon Advisors Inc. lifted its position in shares of 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 purchasing an additional 74 shares in the last quarter. Quarry LP boosted its holdings in shares of Jacobs Solutions by 394.9% during the third quarter. Quarry LP now owns 292 shares of the company’s stock worth $38,000 after purchasing an additional 233 shares during the period. Capital Performance Advisors LLP purchased a new position in Jacobs Solutions during the third quarter valued at approximately $42,000. Finally, True Wealth Design LLC acquired a new position in Jacobs Solutions in the 3rd quarter valued at approximately $44,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Stock Up 0.7 %

Shares of Jacobs Solutions stock opened at $136.99 on Friday. Jacobs Solutions Inc. has a 12-month low of $104.90 and a 12-month high of $150.54. The stock has a market capitalization of $16.99 billion, a P/E ratio of 21.64, a PEG ratio of 2.04 and a beta of 0.70. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average price of $140.16 and a two-hundred day moving average price of $142.28.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.90 earnings per share. Equities analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were given a dividend of $0.29 per share. The ex-dividend date was Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.85%. Jacobs Solutions’s dividend payout ratio is presently 18.33%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $150.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 10th. Citigroup lowered their target price on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a research note on Friday, October 4th. Finally, Robert W. Baird raised 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. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.