Intech Investment Management LLC Acquires 8,638 Shares of Jacobs Solutions Inc. (NYSE:J)

Intech Investment Management LLC grew its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 38.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,245 shares of the company’s stock after purchasing an additional 8,638 shares during the quarter. Intech Investment Management LLC’s holdings in Jacobs Solutions were worth $4,090,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Boston Partners lifted its stake in Jacobs Solutions by 27.9% in the first quarter. Boston Partners now owns 3,697,086 shares of the company’s stock valued at $567,436,000 after purchasing an additional 805,657 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake 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 buying an additional 192,166 shares during the period. Dimensional Fund Advisors LP lifted 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 buying an additional 127,605 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Jacobs Solutions by 12.0% during the 2nd quarter. American Century Companies Inc. now owns 632,868 shares of the company’s stock worth $88,418,000 after acquiring an additional 67,821 shares during the period. Finally, Ceredex Value Advisors LLC increased its holdings in Jacobs Solutions by 5.5% in the 2nd quarter. Ceredex Value Advisors LLC now owns 601,944 shares of the company’s stock worth $84,098,000 after acquiring an additional 31,225 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Stock Performance

NYSE:J opened at $137.38 on Friday. Jacobs Solutions Inc. has a twelve month low of $101.64 and a twelve month high of $150.54. The company has a quick ratio of 1.14, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The stock has a market cap of $17.07 billion, a P/E ratio of 21.70, a PEG ratio of 2.04 and a beta of 0.71. The business’s 50-day moving average price is $142.11 and its two-hundred day moving average price is $142.29.

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). The company 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%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.90 earnings per share. As a group, equities analysts predict that Jacobs Solutions Inc. will post 6 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were given 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 yield of 0.84%. Jacobs Solutions’s payout ratio is 18.33%.

Analyst Ratings Changes

Several research firms have commented on J. Citigroup dropped their price objective on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a report on Wednesday. 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 research note on Wednesday, August 14th. Royal Bank of Canada reduced their price objective on shares of Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating for the company in a research note on Thursday. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a report on Friday, October 4th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.50.

Insiders Place Their Bets

In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 4,167 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the completion of the sale, the executive vice president now directly owns 24,564 shares in the company, valued at $3,688,038.96. This represents a 14.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the transaction, the director now owns 42,069 shares in the company, valued at approximately $6,346,108.65. This represents a 4.32 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

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.