Intech Investment Management LLC Purchases 8,638 Shares of Jacobs Solutions Inc. (NYSE:J)

Intech Investment Management LLC grew its position in shares of Jacobs Solutions Inc. (NYSE:J) by 38.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 31,245 shares of the company’s stock after buying an additional 8,638 shares during the quarter. Intech Investment Management LLC’s holdings in Jacobs Solutions were worth $4,090,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of J. EdgeRock Capital LLC purchased a new position in Jacobs Solutions during the 2nd quarter valued at $26,000. Bruce G. Allen Investments LLC boosted its stake in shares of Jacobs Solutions by 427.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares in the last quarter. First Horizon Advisors Inc. raised its stake in 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 buying an additional 74 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Jacobs Solutions in the third quarter worth about $42,000. Finally, LRI Investments LLC bought a new stake in Jacobs Solutions during the 1st quarter valued at approximately $48,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Up 1.4 %

Shares of Jacobs Solutions stock opened at $137.38 on Friday. The company has a 50-day simple moving average of $142.11 and a two-hundred day simple moving average of $142.29. Jacobs Solutions Inc. has a 52-week low of $101.64 and a 52-week high of $150.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.14 and a current ratio of 1.20. The stock has a market capitalization of $17.07 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 2.04 and a beta of 0.71.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The business had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter in the prior year, the business posted $1.90 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts anticipate that Jacobs Solutions Inc. will post 6 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions’s dividend payout ratio is currently 18.33%.

Analyst Ratings Changes

A number of research firms have recently commented on J. Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday. StockNews.com began coverage on Jacobs Solutions in a report on Monday, November 18th. They issued a “buy” rating for the company. Truist Financial dropped their target price on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. UBS Group increased their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Finally, 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 research note on Friday, October 4th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and an average price target of $156.50.

Insider Activity

In other news, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the transaction, the director now directly owns 42,069 shares of the company’s stock, valued at $6,346,108.65. This represents a 4.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total value of $625,633.38. Following the completion of the sale, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at $3,688,038.96. The trade was a 14.50 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

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.