Centiva Capital LP Buys Shares of 18,148 Jacobs Solutions Inc. (NYSE:J)

Centiva Capital LP bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,148 shares of the company’s stock, valued at approximately $2,376,000.

A number of other hedge funds have also added to or reduced their stakes in J. Sei Investments Co. grew 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 purchasing an additional 66,002 shares in the last quarter. Aigen Investment Management LP purchased a new stake in Jacobs Solutions in the third quarter worth approximately $709,000. Asset Management One Co. Ltd. boosted its stake in Jacobs Solutions by 6.8% in the third quarter. Asset Management One Co. Ltd. now owns 76,308 shares of the company’s stock worth $9,989,000 after buying an additional 4,858 shares in the last quarter. MBB Public Markets I LLC purchased a new stake in Jacobs Solutions in the second quarter worth approximately $1,302,000. Finally, Marks Group Wealth Management Inc boosted its stake in Jacobs Solutions by 13.6% in the third quarter. Marks Group Wealth Management Inc now owns 64,074 shares of the company’s stock worth $8,387,000 after buying an additional 7,695 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock opened at $139.87 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The company has a market cap of $17.34 billion, a PE ratio of 22.10, a P/E/G ratio of 2.13 and a beta of 0.71. The business has a 50 day moving average of $141.51 and a 200 day moving average of $142.39. Jacobs Solutions Inc. has a 52 week low of $104.90 and a 52 week high of $150.54.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The business 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%. Jacobs Solutions’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.90 EPS. As a group, equities research analysts forecast that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.83%. Jacobs Solutions’s dividend payout ratio is presently 18.33%.

Wall Street Analysts Forecast Growth

J has been the subject of several research reports. UBS Group upped their target price on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Citigroup cut their target price on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. Royal Bank of Canada cut their target price on Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating for the company in a research note on Thursday, November 21st. Truist Financial cut their target price on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Finally, 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 research report on Friday, October 4th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Jacobs Solutions has a consensus rating of “Moderate Buy” and an average target price 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.