Janus Henderson Group PLC Grows Stock Position in Jacobs Solutions Inc. (NYSE:J)

Janus Henderson Group PLC increased its position in shares of Jacobs Solutions Inc. (NYSE:J) by 2.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,059 shares of the company’s stock after purchasing an additional 744 shares during the quarter. Janus Henderson Group PLC’s holdings in Jacobs Solutions were worth $4,197,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in J. Sei Investments Co. boosted its holdings in shares of Jacobs Solutions by 32.1% during the 2nd quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock worth $37,968,000 after purchasing an additional 66,002 shares during the last quarter. Aigen Investment Management LP acquired a new position in Jacobs Solutions during the third quarter worth $709,000. Asset Management One Co. Ltd. grew its holdings in Jacobs Solutions by 6.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 76,308 shares of the company’s stock valued at $9,989,000 after buying an additional 4,858 shares in the last quarter. MBB Public Markets I LLC acquired a new stake in shares of Jacobs Solutions in the 2nd quarter worth $1,302,000. Finally, Marks Group Wealth Management Inc raised its holdings in shares of Jacobs Solutions by 13.6% during the 3rd quarter. Marks Group Wealth Management Inc now owns 64,074 shares of the company’s stock worth $8,387,000 after acquiring an additional 7,695 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Up 0.0 %

Shares of NYSE:J opened at $136.17 on Wednesday. The firm’s 50-day moving average is $140.19 and its two-hundred day moving average is $142.40. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20. Jacobs Solutions Inc. has a 1 year low of $104.90 and a 1 year high of $150.54. The firm has a market capitalization of $16.88 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 2.08 and a beta of 0.70.

Jacobs Solutions (NYSE:J) last announced 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 return on equity of 14.82% and a net margin of 5.16%. The business 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 earned $1.90 earnings per share. Jacobs Solutions’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts predict that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

Jacobs Solutions Announces Dividend

The business 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 0.85%. Jacobs Solutions’s payout ratio is 18.33%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on J shares. Royal Bank of Canada restated an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday. 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 research note on Friday, October 4th. Finally, UBS Group upped their price target on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $155.78.

Jacobs Solutions Company 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.