Jacobs Solutions Inc. (NYSE:J) Stock Holdings Increased by Toronto Dominion Bank

Toronto Dominion Bank grew its position in shares of Jacobs Solutions Inc. (NYSE:J) by 14.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,721 shares of the company’s stock after buying an additional 7,943 shares during the period. Toronto Dominion Bank owned about 0.05% of Jacobs Solutions worth $8,210,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in J. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Jacobs Solutions by 6.1% during 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 buying an additional 192,166 shares during the last quarter. Geode Capital Management LLC boosted its stake in Jacobs Solutions by 2.4% in the third quarter. Geode Capital Management LLC now owns 3,145,665 shares of the company’s stock valued at $410,444,000 after acquiring an additional 73,566 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Jacobs Solutions by 11.8% during the second 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 last quarter. 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 worth $143,263,000 after purchasing an additional 32,650 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Jacobs Solutions by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 760,516 shares of the company’s stock worth $99,552,000 after purchasing an additional 14,405 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on J shares. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a report on Friday, October 4th. StockNews.com began coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating for the company. Royal Bank of Canada restated an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Finally, Robert W. Baird boosted their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Jacobs Solutions has a consensus rating of “Hold” and an average target price of $155.78.

Jacobs Solutions Price Performance

NYSE J opened at $136.99 on Friday. The firm has a market capitalization of $16.99 billion, a PE 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 12 month low of $104.90 and a 12 month high of $150.54. The company’s 50 day simple moving average is $140.16 and its 200 day simple moving average is $142.28.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results 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). The firm had revenue of $2.96 billion for 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 firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.90 earnings per share. As a group, equities research analysts forecast that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were issued a $0.29 dividend. 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 payout ratio is 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.