Kingsview Wealth Management LLC Grows Holdings in Jacobs Solutions Inc. (NYSE:J)

Kingsview Wealth Management LLC boosted its position in shares of Jacobs Solutions Inc. (NYSE:J) by 18.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,650 shares of the company’s stock after acquiring an additional 561 shares during the period. Kingsview Wealth Management LLC’s holdings in Jacobs Solutions were worth $478,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in J. EdgeRock Capital LLC bought a new position in shares of Jacobs Solutions in the second quarter worth about $26,000. Bruce G. Allen Investments LLC lifted its holdings in Jacobs Solutions by 427.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after purchasing an additional 171 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after purchasing an additional 74 shares during the period. Capital Performance Advisors LLP purchased a new stake in Jacobs Solutions during the 3rd quarter valued at approximately $42,000. Finally, LRI Investments LLC bought a new stake in shares of Jacobs Solutions during the first quarter valued at approximately $48,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Benchmark lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a report on Friday, October 4th. UBS Group raised their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Truist Financial dropped their price target on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Finally, StockNews.com began coverage on Jacobs Solutions in a research note on Tuesday. They issued a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.50.

Jacobs Solutions Stock Performance

NYSE J opened at $141.21 on Friday. The business’s 50 day moving average price is $141.67 and its 200-day moving average price is $142.31. Jacobs Solutions Inc. has a fifty-two week low of $101.64 and a fifty-two week high of $150.54. The company has a market cap of $17.55 billion, a P/E ratio of 22.31, a P/E/G ratio of 2.10 and a beta of 0.71. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.14 and a current ratio of 1.20.

Jacobs Solutions (NYSE:J) last posted 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 net margin of 5.16% and a return on equity of 14.82%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.90 EPS. Sell-side analysts predict that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

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

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.