Sanctuary Advisors LLC Raises Holdings in Jacobs Solutions Inc. (NYSE:J)

Sanctuary Advisors LLC boosted its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 79.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 18,201 shares of the company’s stock after buying an additional 8,076 shares during the quarter. Sanctuary Advisors LLC’s holdings in Jacobs Solutions were worth $2,500,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of J. Thrivent Financial for Lutherans raised its position in Jacobs Solutions by 5,170.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock valued at $58,550,000 after purchasing an additional 411,123 shares during the last quarter. Sessa Capital IM L.P. bought a new position in Jacobs Solutions during the 3rd quarter valued at approximately $46,168,000. Barrow Hanley Mewhinney & Strauss LLC raised its position in Jacobs Solutions by 6.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock valued at $464,736,000 after purchasing an additional 192,166 shares during the last quarter. Soros Fund Management LLC raised its position in Jacobs Solutions by 34.3% during the 3rd quarter. Soros Fund Management LLC now owns 500,907 shares of the company’s stock valued at $65,569,000 after purchasing an additional 127,874 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in 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 during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Down 1.9 %

J stock opened at $134.66 on Wednesday. The business has a 50 day moving average of $140.09 and a 200 day moving average of $142.31. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. Jacobs Solutions Inc. has a twelve month low of $104.90 and a twelve month high of $150.54. The firm has a market cap of $16.70 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 2.04 and a beta of 0.70.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, November 19th. The company reported $1.37 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 analysts’ expectations of $4.50 billion. During the same quarter in the prior year, the business posted $1.90 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, research 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. Shareholders of record on Friday, October 25th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 0.86%. Jacobs Solutions’s dividend payout ratio is 18.33%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Robert W. Baird increased their target price on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Truist Financial decreased their target price on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Citigroup decreased their target price on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. The Goldman Sachs Group reissued a “neutral” rating and issued a $150.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Finally, Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $155.78.

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.