Cinctive Capital Management LP Acquires 2,084 Shares of Jacobs Solutions Inc. (NYSE:J)

Cinctive Capital Management LP grew its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 13.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,781 shares of the company’s stock after acquiring an additional 2,084 shares during the quarter. Cinctive Capital Management LP’s holdings in Jacobs Solutions were worth $2,328,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. EdgeRock Capital LLC bought a new position in Jacobs Solutions in the second quarter valued at $26,000. Bruce G. Allen Investments LLC boosted its stake in 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 buying an additional 171 shares in the last quarter. First Horizon Advisors Inc. grew its position in Jacobs Solutions by 44.3% during the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after acquiring an additional 74 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Jacobs Solutions during the third quarter worth approximately $42,000. Finally, True Wealth Design LLC bought a new stake in shares of Jacobs Solutions in the 3rd quarter worth approximately $44,000. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Down 1.0 %

Shares of Jacobs Solutions stock opened at $139.87 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. Jacobs Solutions Inc. has a 12-month low of $104.90 and a 12-month high of $150.54. The company has a market cap of $17.34 billion, a P/E ratio of 22.10, a PEG ratio of 2.13 and a beta of 0.71. The company’s fifty day simple moving average is $141.51 and its two-hundred day simple moving average is $142.39.

Jacobs Solutions (NYSE:J) last announced its quarterly 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 company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter in the prior year, the firm earned $1.90 EPS. Jacobs Solutions’s quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts anticipate that Jacobs Solutions Inc. will post 6.06 EPS for the current 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 $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions’s payout ratio is presently 18.33%.

Analyst Ratings Changes

A number of brokerages recently commented on J. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a research report on Friday, October 4th. Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Robert W. Baird boosted 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. Citigroup cut their target price on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. Finally, UBS Group upped their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $156.50.

Jacobs Solutions Company 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.