FORA Capital LLC Purchases New Position in Jacobs Solutions Inc. (NYSE:J)

FORA Capital LLC purchased a new stake in shares of Jacobs Solutions Inc. (NYSE:J) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,755 shares of the company’s stock, valued at approximately $230,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in J. EdgeRock Capital LLC bought a new stake in shares of Jacobs Solutions in the 2nd quarter valued at approximately $26,000. Bruce G. Allen Investments LLC lifted its stake in shares of Jacobs Solutions by 427.5% in 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 during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after purchasing an additional 74 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Jacobs Solutions in the 3rd quarter valued at approximately $42,000. Finally, LRI Investments LLC purchased a new stake in shares of Jacobs Solutions in the first quarter worth approximately $48,000. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Trading Down 0.2 %

J opened at $140.96 on Friday. The stock’s fifty day moving average is $141.51 and its two-hundred day moving average is $142.33. The company has a market capitalization of $17.47 billion, a P/E ratio of 22.27, a PEG ratio of 2.13 and a beta of 0.71. Jacobs Solutions Inc. has a 52 week low of $104.90 and a 52 week high of $150.54. The company has a quick ratio of 1.14, a current ratio of 1.20 and a debt-to-equity ratio of 0.30.

Jacobs Solutions (NYSE:J) last announced its 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 company had revenue of $2.96 billion for the quarter, compared to the consensus estimate 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 was up 4.4% compared to the same quarter last year. During the same period last year, the business posted $1.90 EPS. Analysts forecast that Jacobs Solutions Inc. will post 6.06 earnings per share for the current 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 given 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 0.82%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 18.33%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on J. Citigroup reduced their price target on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. UBS Group increased their price target on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. StockNews.com began coverage on Jacobs Solutions in a report on Tuesday. They issued a “buy” rating on the stock. Finally, Truist Financial reduced 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. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.50.

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.