Walleye Capital LLC Acquires New Shares in Jacobs Solutions Inc. (NYSE:J)

Walleye Capital LLC bought a new position in Jacobs Solutions Inc. (NYSE:JGet Rating) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,480 shares of the company’s stock, valued at approximately $617,000.

A number of other hedge funds also recently added to or reduced their stakes in J. Meeder Asset Management Inc. bought a new stake in shares of Jacobs Solutions during the first quarter valued at approximately $138,000. MetLife Investment Management LLC raised its stake in Jacobs Solutions by 22.1% during the 1st quarter. MetLife Investment Management LLC now owns 35,158 shares of the company’s stock valued at $4,845,000 after acquiring an additional 6,368 shares in the last quarter. Brown Advisory Inc. boosted its position in Jacobs Solutions by 0.8% during the 1st quarter. Brown Advisory Inc. now owns 16,815 shares of the company’s stock worth $2,322,000 after acquiring an additional 132 shares during the period. Scotia Capital Inc. grew its stake in shares of Jacobs Solutions by 6.5% in the first quarter. Scotia Capital Inc. now owns 6,146 shares of the company’s stock worth $847,000 after purchasing an additional 373 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Jacobs Solutions by 98.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 823,856 shares of the company’s stock valued at $113,536,000 after purchasing an additional 409,597 shares during the period. 86.73% of the stock is currently owned by institutional investors.

Jacobs Solutions Stock Down 2.4 %

J stock opened at $116.33 on Thursday. The firm has a market cap of $14.84 billion, a PE ratio of 32.68, a P/E/G ratio of 1.47 and a beta of 0.86. Jacobs Solutions Inc. has a 12 month low of $114.11 and a 12 month high of $150.32. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a 50 day simple moving average of $127.04 and a 200 day simple moving average of $131.63.

Jacobs Solutions (NYSE:JGet Rating) last posted its quarterly earnings results on Monday, August 1st. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.06. Jacobs Solutions had a return on equity of 14.45% and a net margin of 3.16%. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the prior year, the company earned $1.64 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. Equities research analysts forecast that Jacobs Solutions Inc. will post 6.94 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Thursday, September 29th. Jacobs Solutions’s dividend payout ratio is 25.84%.

Wall Street Analysts Forecast Growth

J has been the subject of several research analyst reports. StockNews.com started coverage on shares of Jacobs Solutions in a report on Thursday, September 8th. They issued a “buy” rating for the company. Credit Suisse Group reduced their price target on shares of Jacobs Solutions from $159.00 to $154.00 and set an “outperform” rating for the company in a research note on Tuesday, August 2nd. Citigroup lowered their price objective on shares of Jacobs Solutions from $155.00 to $151.00 and set a “buy” rating on the stock in a research note on Tuesday, August 2nd. Finally, Royal Bank of Canada cut their target price on Jacobs Solutions from $160.00 to $155.00 and set an “outperform” rating for the company in a research report on Thursday, August 4th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and an average target price of $158.57.

Jacobs Solutions Profile

(Get Rating)

Jacob Solutions, Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, rest of Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. The company operates in three segments, Critical Mission Solutions, People & Places Solutions, and PA Consulting.

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Institutional Ownership by Quarter for Jacobs Solutions (NYSE:J)

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