Brooklyn Investment Group Takes Position in Jacobs Solutions Inc. (NYSE:J)

Brooklyn Investment Group acquired a new position in Jacobs Solutions Inc. (NYSE:J) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 509 shares of the company’s stock, valued at approximately $67,000.

Several other large investors also recently added to or reduced their stakes in J. FMR LLC boosted its position in shares of Jacobs Solutions by 3.9% in the third quarter. FMR LLC now owns 79,358 shares of the company’s stock worth $10,388,000 after purchasing an additional 3,011 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of Jacobs Solutions by 53.0% in the third quarter. D.A. Davidson & CO. now owns 6,833 shares of the company’s stock worth $895,000 after buying an additional 2,366 shares in the last quarter. West Tower Group LLC purchased a new position in shares of Jacobs Solutions during the third quarter valued at about $393,000. The Manufacturers Life Insurance Company boosted its stake in Jacobs Solutions by 0.3% during the third quarter. The Manufacturers Life Insurance Company now owns 81,302 shares of the company’s stock valued at $10,642,000 after buying an additional 266 shares during the last quarter. Finally, Independent Advisor Alliance increased its stake in Jacobs Solutions by 314.3% in the 3rd quarter. Independent Advisor Alliance now owns 8,780 shares of the company’s stock worth $1,149,000 after acquiring an additional 6,661 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Trading Up 0.4 %

Shares of NYSE J opened at $141.21 on Friday. Jacobs Solutions Inc. has a 1-year low of $101.64 and a 1-year high of $150.54. The business has a fifty day moving average price of $141.67 and a 200 day moving average price of $142.31. The stock has a market capitalization of $17.55 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 2.10 and a beta of 0.71. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.14.

Jacobs Solutions (NYSE:J) last released its quarterly 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 firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same period in the previous year, the company posted $1.90 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities research analysts expect that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is presently 18.33%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. StockNews.com began coverage on shares of Jacobs Solutions in a report on Tuesday. They issued a “buy” rating for the company. Citigroup decreased their price target on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. Truist Financial dropped their target price on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Royal Bank of Canada reduced their price objective on Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating on the stock in a report on Thursday, November 21st. Finally, UBS Group upped their target price on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $156.50.

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.