Public Sector Pension Investment Board Buys 19,400 Shares of Jacobs Solutions Inc. (NYSE:J)

Public Sector Pension Investment Board grew its position in Jacobs Solutions Inc. (NYSE:J) by 412.3% during the third quarter, HoldingsChannel reports. The firm owned 24,105 shares of the company’s stock after buying an additional 19,400 shares during the quarter. Public Sector Pension Investment Board’s holdings in Jacobs Solutions were worth $3,155,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. EdgeRock Capital LLC acquired a new stake in Jacobs Solutions in the 2nd quarter valued at approximately $26,000. Bruce G. Allen Investments LLC grew its stake in shares of Jacobs Solutions by 427.5% in the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after acquiring an additional 171 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of 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 acquiring an additional 74 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Jacobs Solutions during the 3rd quarter valued at $42,000. Finally, GAMMA Investing LLC lifted its stake in shares of Jacobs Solutions by 55.8% in the third quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock valued at $53,000 after buying an additional 145 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Price Performance

Shares of J stock opened at $138.00 on Wednesday. Jacobs Solutions Inc. has a 1 year low of $104.90 and a 1 year high of $150.54. 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 firm’s 50 day moving average is $141.10 and its 200-day moving average is $142.42. The firm 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 (NYSE:J) last posted its quarterly earnings data 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 firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.90 EPS. Sell-side analysts forecast that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm 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 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 presently 18.33%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on J shares. Robert W. Baird upped their target price on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. UBS Group increased their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. StockNews.com initiated coverage on shares of Jacobs Solutions in a research report on Wednesday. They set a “hold” rating on the stock. Citigroup dropped their price target on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. Finally, Truist Financial decreased their price objective on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions currently has an average rating of “Moderate Buy” and an average target price 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.