Tidal Investments LLC Has $3.20 Million Stock Position in Jacobs Solutions Inc. (NYSE:J)

Tidal Investments LLC raised its position in Jacobs Solutions Inc. (NYSE:J) by 3.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,440 shares of the company’s stock after buying an additional 829 shares during the period. Tidal Investments LLC’s holdings in Jacobs Solutions were worth $3,199,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in J. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Jacobs Solutions by 6.1% in the second 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 during the last quarter. Geode Capital Management LLC increased its holdings in Jacobs Solutions by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,145,665 shares of the company’s stock valued at $410,444,000 after purchasing an additional 73,566 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Jacobs Solutions by 11.8% in the 2nd 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 boosted its stake in Jacobs Solutions by 3.2% in the third 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Jacobs Solutions by 1.9% during the third 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. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Trading Up 0.7 %

NYSE J 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 50-day simple moving average of $140.16 and a 200 day simple moving average of $142.28. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. The company 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.

Jacobs Solutions (NYSE:J) last announced its quarterly 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 net margin of 5.16% and a return on equity of 14.82%. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $4.50 billion. During the same period last year, the company earned $1.90 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. Research analysts forecast that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm 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 of this dividend was Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 0.85%. Jacobs Solutions’s dividend payout ratio is presently 18.33%.

Analyst Upgrades and Downgrades

J has been the subject of a number of research analyst reports. StockNews.com initiated coverage on Jacobs Solutions in a report on Wednesday, December 4th. They issued a “hold” rating for the company. Benchmark lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Truist Financial lowered their price target on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. The Goldman Sachs Group restated a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Finally, Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a research report on Friday, October 4th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $155.78.

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.