Short Interest in Jacobs Solutions Inc. (NYSE:J) Rises By 8.6%

Jacobs Solutions Inc. (NYSE:J) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,510,000 shares, an increase of 8.6% from the October 31st total of 1,390,000 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily volume of 788,100 shares, the short-interest ratio is presently 1.9 days.

Institutional Investors Weigh In On Jacobs Solutions

Several hedge funds have recently modified their holdings of J. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in 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 worth $464,736,000 after buying an additional 192,166 shares during the period. Geode Capital Management LLC lifted 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 worth $410,444,000 after buying an additional 73,566 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Jacobs Solutions by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock worth $169,366,000 after buying an additional 127,605 shares during the period. Kovitz Investment Group Partners LLC lifted 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 buying an additional 32,650 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Jacobs Solutions by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 760,516 shares of the company’s stock worth $99,552,000 after buying an additional 14,405 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on J. Truist Financial lowered their price objective on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Robert W. Baird raised their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. 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 note on Friday, October 4th. StockNews.com began coverage on Jacobs Solutions in a research note on Tuesday, November 26th. They set a “buy” rating on the stock. Finally, Citigroup lowered their price objective on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $156.50.

Jacobs Solutions Price Performance

Shares of J stock traded down $1.87 during trading hours on Tuesday, reaching $138.00. The company’s stock had a trading volume of 654,730 shares, compared to its average volume of 809,458. The firm’s 50 day simple moving average is $141.10 and its 200-day simple moving average is $142.42. The company has a market capitalization of $17.11 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.11 and a beta of 0.70. Jacobs Solutions has a fifty-two week low of $104.90 and a fifty-two week high of $150.54. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share 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 firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same period last year, the business earned $1.90 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. Sell-side analysts forecast that Jacobs Solutions will post 6.06 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) 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.