Geode Capital Management LLC Has $410.44 Million Stock Position in Jacobs Solutions Inc. (NYSE:J)

Geode Capital Management LLC increased its position in shares of Jacobs Solutions Inc. (NYSE:J) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,145,665 shares of the company’s stock after purchasing an additional 73,566 shares during the period. Geode Capital Management LLC owned about 2.53% of Jacobs Solutions worth $410,444,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sei Investments Co. grew its position in Jacobs Solutions by 32.1% in the second quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock valued at $37,968,000 after acquiring an additional 66,002 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Jacobs Solutions in the 3rd quarter valued at $709,000. Asset Management One Co. Ltd. grew its holdings in shares of Jacobs Solutions by 6.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 76,308 shares of the company’s stock worth $9,989,000 after purchasing an additional 4,858 shares during the last quarter. MBB Public Markets I LLC acquired a new stake in shares of Jacobs Solutions during the 2nd quarter worth about $1,302,000. Finally, Point72 Asset Management L.P. bought a new position in Jacobs Solutions during the 3rd quarter valued at about $1,756,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

J has been the subject of several recent analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday. StockNews.com started coverage on Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating for the company. Truist Financial reduced their price objective on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Robert W. Baird raised their target price on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a research report on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions presently has a consensus rating of “Hold” and a consensus price target of $155.78.

Jacobs Solutions Trading Up 0.7 %

Shares of NYSE J opened at $136.98 on Friday. Jacobs Solutions Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $150.54. The firm has a market capitalization of $16.99 billion, a P/E ratio of 21.64, a P/E/G ratio of 2.04 and a beta of 0.70. 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’s 50 day simple moving average is $140.16 and its 200 day simple moving average is $142.25.

Jacobs Solutions (NYSE:J) last posted 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 return on equity of 14.82% and a net margin of 5.16%. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter in the prior year, the business earned $1.90 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts predict that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.85%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 18.33%.

About Jacobs Solutions

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.