D.A. Davidson & CO. Acquires 2,366 Shares of Jacobs Solutions Inc. (NYSE:J)

D.A. Davidson & CO. increased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 53.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,833 shares of the company’s stock after purchasing an additional 2,366 shares during the period. D.A. Davidson & CO.’s holdings in Jacobs Solutions were worth $895,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Atria Investments Inc purchased a new position in Jacobs Solutions in the first quarter valued at about $1,476,000. Cetera Investment Advisers raised its stake in shares of Jacobs Solutions by 103.0% during the 1st quarter. Cetera Investment Advisers now owns 18,957 shares of the company’s stock worth $2,914,000 after acquiring an additional 9,617 shares in the last quarter. Cetera Advisors LLC lifted its position in Jacobs Solutions by 168.2% during the first quarter. Cetera Advisors LLC now owns 6,436 shares of the company’s stock valued at $989,000 after acquiring an additional 4,036 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Jacobs Solutions by 1.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 22,850 shares of the company’s stock valued at $3,505,000 after acquiring an additional 359 shares in the last quarter. Finally, First Hawaiian Bank grew its holdings in Jacobs Solutions by 2.3% in the second quarter. First Hawaiian Bank now owns 10,750 shares of the company’s stock worth $1,502,000 after purchasing an additional 244 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on J shares. Royal Bank of Canada lowered their price objective on Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating for the company in a research report on Thursday, November 21st. Citigroup lowered their price target on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Robert W. Baird boosted their target price on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. UBS Group raised their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Finally, Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a report on Friday, October 4th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $156.50.

Jacobs Solutions Stock Up 0.0 %

Shares of J stock opened at $141.23 on Monday. Jacobs Solutions Inc. has a twelve month low of $104.90 and a twelve month high of $150.54. The stock has a market cap of $17.51 billion, a P/E ratio of 22.31, a P/E/G ratio of 2.13 and a beta of 0.71. The stock has a 50 day moving average of $141.51 and a 200 day moving average of $142.39. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share 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 last year, the firm earned $1.90 earnings per share. Jacobs Solutions’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, sell-side analysts expect that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Friday, October 25th. Jacobs Solutions’s payout ratio is currently 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.