Sanctuary Advisors LLC Boosts Stock Position in Jacobs Solutions Inc. (NYSE:J)

Sanctuary Advisors LLC boosted its holdings in Jacobs Solutions Inc. (NYSE:J) by 79.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,201 shares of the company’s stock after purchasing an additional 8,076 shares during the period. Sanctuary Advisors LLC’s holdings in Jacobs Solutions were worth $2,500,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Sei Investments Co. raised its stake in shares of Jacobs Solutions by 32.1% in the second quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock valued at $37,968,000 after buying an additional 66,002 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Jacobs Solutions in the third quarter valued at $1,756,000. Aigen Investment Management LP bought a new stake in shares of Jacobs Solutions in the third quarter valued at $709,000. Asset Management One Co. Ltd. raised its stake in shares of Jacobs Solutions by 6.8% in the third 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 during the period. Finally, MBB Public Markets I LLC bought a new stake in shares of Jacobs Solutions during the 2nd quarter valued at $1,302,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a research note on Friday, October 4th. Robert W. Baird boosted their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Truist Financial decreased their price objective on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $155.78.

Jacobs Solutions Price Performance

J opened at $134.66 on Wednesday. The stock has a 50-day moving average price of $140.09 and a 200-day moving average price of $142.31. Jacobs Solutions Inc. has a 12-month low of $104.90 and a 12-month high of $150.54. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $16.70 billion, a P/E ratio of 21.27, a PEG ratio of 2.04 and a beta of 0.70.

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

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend 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.