Jacobs Levy Equity Management Inc. Grows Holdings in Jacobs Solutions Inc. (NYSE:J)

Jacobs Levy Equity Management Inc. lifted its holdings in Jacobs Solutions Inc. (NYSE:J) by 7.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 82,399 shares of the company’s stock after acquiring an additional 5,601 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Jacobs Solutions were worth $10,786,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Thrivent Financial for Lutherans boosted its stake in Jacobs Solutions by 5,170.1% in the second quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock valued at $58,550,000 after acquiring an additional 411,123 shares during the last quarter. Sessa Capital IM L.P. bought a new position in Jacobs Solutions in the 3rd quarter worth about $46,168,000. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Jacobs Solutions by 6.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock valued at $464,736,000 after acquiring an additional 192,166 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Jacobs Solutions by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock valued at $169,366,000 after purchasing an additional 127,605 shares in the last quarter. Finally, F M Investments LLC purchased a new position in Jacobs Solutions during the second quarter worth about $15,513,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Down 0.4 %

NYSE:J opened at $137.74 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20. The company has a 50-day moving average of $140.44 and a 200 day moving average of $142.35. Jacobs Solutions Inc. has a 1-year low of $104.90 and a 1-year high of $150.54. The firm has a market cap of $17.08 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 2.08 and a beta of 0.70.

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). 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 analyst estimates of $4.50 billion. During the same period in the prior year, the company earned $1.90 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, research analysts anticipate that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were paid 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 was Friday, October 25th. Jacobs Solutions’s payout ratio is currently 18.33%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a report on Friday, October 4th. UBS Group upped 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a research note on Tuesday. Robert W. Baird lifted their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Finally, Benchmark cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and an average price target of $156.50.

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.