Quantinno Capital Management LP Has $3.61 Million Stake in Jacobs Solutions Inc. (NYSE:J)

Quantinno Capital Management LP lifted its position in shares of Jacobs Solutions Inc. (NYSE:J) by 21.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,537 shares of the company’s stock after acquiring an additional 4,894 shares during the period. Quantinno Capital Management LP’s holdings in Jacobs Solutions were worth $3,605,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. First Horizon Advisors Inc. lifted its holdings in shares of Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after acquiring an additional 74 shares during the last quarter. Hudson Edge Investment Partners Inc. lifted its stake in Jacobs Solutions by 1.4% in the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock valued at $834,000 after purchasing an additional 82 shares during the last quarter. Empirical Finance LLC boosted its position in Jacobs Solutions by 1.9% in the third quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock valued at $570,000 after buying an additional 82 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in Jacobs Solutions by 4.0% in the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock valued at $293,000 after buying an additional 86 shares in the last quarter. Finally, American National Bank grew its stake in shares of Jacobs Solutions by 1.4% during the second quarter. American National Bank now owns 6,488 shares of the company’s stock worth $906,000 after buying an additional 88 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Stock Up 0.1 %

Shares of NYSE J opened at $137.83 on Monday. The company’s 50 day moving average price is $140.09 and its 200-day moving average price is $142.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20. Jacobs Solutions Inc. has a 52-week low of $104.90 and a 52-week high of $150.54. The company has a market capitalization of $17.09 billion, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 2.09 and a beta of 0.70.

Jacobs Solutions (NYSE:J) last released 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). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $4.50 billion. During the same quarter in the previous year, the firm earned $1.90 EPS. Jacobs Solutions’s quarterly revenue was up 4.4% on a year-over-year basis. Equities analysts forecast that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors 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 0.84%. Jacobs Solutions’s dividend payout ratio is currently 18.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on J shares. Truist Financial cut their price objective on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Robert W. Baird boosted their price target on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $152.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 3rd. 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 research report on Wednesday, November 20th. Finally, Benchmark cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.