National Bank of Canada FI Acquires 445 Shares of Jacobs Solutions Inc. (NYSE:J)

National Bank of Canada FI raised its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 1.8% during the third quarter, HoldingsChannel reports. The fund owned 25,060 shares of the company’s stock after purchasing an additional 445 shares during the quarter. National Bank of Canada FI’s holdings in Jacobs Solutions were worth $3,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of J. EP Wealth Advisors LLC increased its position in shares of Jacobs Solutions by 36.4% during the third quarter. EP Wealth Advisors LLC now owns 2,831 shares of the company’s stock valued at $371,000 after buying an additional 756 shares during the period. Insigneo Advisory Services LLC purchased a new position in Jacobs Solutions during the third quarter valued at approximately $239,000. Kovitz Investment Group Partners LLC increased its holdings in 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 acquiring an additional 32,650 shares during the period. Wellington Management Group LLP lifted its stake in Jacobs Solutions by 13.6% in the 3rd quarter. Wellington Management Group LLP now owns 251,732 shares of the company’s stock worth $32,952,000 after purchasing an additional 30,058 shares in the last quarter. Finally, Soros Fund Management LLC boosted its holdings in Jacobs Solutions by 34.3% in the 3rd quarter. Soros Fund Management LLC now owns 500,907 shares of the company’s stock valued at $65,569,000 after purchasing an additional 127,874 shares during the period. Institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Citigroup decreased their price target on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. Truist Financial lowered their price target on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. StockNews.com began coverage on Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating for the company. Robert W. Baird raised their target price on shares of Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a research report on Friday, October 4th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Jacobs Solutions currently has an average rating of “Hold” and a consensus target price of $155.78.

Jacobs Solutions Trading Up 0.7 %

J stock opened at $136.98 on Friday. The company has a market capitalization of $16.99 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 2.04 and a beta of 0.70. 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 Inc. has a one year low of $104.90 and a one year high of $150.54. The company’s 50 day moving average price is $140.16 and its two-hundred day moving average price is $142.25.

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

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) 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.