Jacobs Solutions Inc. (NYSE:J) Shares Sold by Ruane Cunniff & Goldfarb L.P.

Ruane Cunniff & Goldfarb L.P. reduced its position in shares of Jacobs Solutions Inc. (NYSE:J) by 1.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,530,209 shares of the company’s stock after selling 45,250 shares during the quarter. Jacobs Solutions comprises approximately 5.2% of Ruane Cunniff & Goldfarb L.P.’s portfolio, making the stock its 9th biggest holding. Ruane Cunniff & Goldfarb L.P.’s holdings in Jacobs Solutions were worth $331,204,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Financial Counselors Inc. acquired a new stake in Jacobs Solutions during the 3rd quarter worth approximately $722,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Jacobs Solutions by 19.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 650,110 shares of the company’s stock valued at $85,099,000 after acquiring an additional 107,849 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in Jacobs Solutions by 412.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 24,105 shares of the company’s stock valued at $3,155,000 after acquiring an additional 19,400 shares in the last quarter. FORA Capital LLC acquired a new position in Jacobs Solutions in the 3rd quarter valued at $230,000. Finally, Glenmede Trust Co. NA raised its holdings in Jacobs Solutions by 58.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,261 shares of the company’s stock valued at $820,000 after acquiring an additional 2,312 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Jacobs Solutions Trading Up 0.3 %

Shares of J opened at $141.12 on Thursday. Jacobs Solutions Inc. has a 52-week low of $101.64 and a 52-week high of $150.54. The business’s fifty day moving average is $141.83 and its 200-day moving average is $142.31. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.14 and a current ratio of 1.20. The firm has a market cap of $17.53 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 2.10 and a beta of 0.71.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.90 EPS. Equities analysts anticipate that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were given a dividend of $0.29 per share. The ex-dividend date was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 0.82%. Jacobs Solutions’s dividend payout ratio is currently 18.33%.

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.