Geode Capital Management LLC Has $410.44 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Geode Capital Management LLC boosted its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 2.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,145,665 shares of the company’s stock after buying an additional 73,566 shares during the period. Geode Capital Management LLC’s holdings in Jacobs Solutions were worth $410,444,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. raised its holdings in shares of Jacobs Solutions by 32.1% during the second quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock worth $37,968,000 after acquiring an additional 66,002 shares during the period. Aigen Investment Management LP acquired a new position in Jacobs Solutions in the 3rd quarter worth $709,000. Asset Management One Co. Ltd. increased its holdings in Jacobs Solutions by 6.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 76,308 shares of the company’s stock worth $9,989,000 after purchasing an additional 4,858 shares in the last quarter. MBB Public Markets I LLC acquired a new stake in shares of Jacobs Solutions in the 2nd quarter valued at about $1,302,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Jacobs Solutions in the third quarter valued at about $1,756,000. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Up 0.7 %

Shares of J stock opened at $136.98 on Friday. Jacobs Solutions Inc. has a 52-week low of $104.90 and a 52-week high of $150.54. The stock has a market cap of $16.99 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 2.04 and a beta of 0.70. The firm’s 50-day moving average is $140.16 and its 200-day moving average is $142.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter in the prior year, the firm earned $1.90 EPS. The company’s revenue was up 4.4% on a year-over-year basis. Sell-side analysts predict that Jacobs Solutions Inc. will post 6.06 EPS for the current 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 given a $0.29 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.85%. Jacobs Solutions’s payout ratio is presently 18.33%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on J. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 3rd. The Goldman Sachs Group reiterated a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday. Robert W. Baird boosted their price objective on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a research report on Friday, October 4th. Finally, Citigroup cut their price target on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. 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 stock has an average rating of “Hold” and a consensus target price of $155.78.

Jacobs Solutions 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.