Barrow Hanley Mewhinney & Strauss LLC Has $464.74 Million Position in Jacobs Solutions Inc. (NYSE:J)

Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Jacobs Solutions Inc. (NYSE:J) by 6.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,326,433 shares of the company’s stock after acquiring an additional 192,166 shares during the period. Jacobs Solutions comprises 1.6% of Barrow Hanley Mewhinney & Strauss LLC’s holdings, making the stock its 24th largest holding. Barrow Hanley Mewhinney & Strauss LLC owned approximately 2.66% of Jacobs Solutions worth $464,736,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new position in Jacobs Solutions during the second quarter worth about $26,000. Bruce G. Allen Investments LLC increased its position in Jacobs Solutions by 427.5% during 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. ICA Group Wealth Management LLC bought a new position in Jacobs Solutions in the 4th quarter valued at approximately $30,000. Quarry LP boosted its position in Jacobs Solutions by 108.9% in the fourth quarter. Quarry LP now owns 305 shares of the company’s stock valued at $40,000 after buying an additional 159 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Jacobs Solutions during the first quarter worth $48,000. 85.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

J has been the subject of a number of research reports. Truist Financial reiterated a “hold” rating and issued a $158.00 price target (up from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. StockNews.com lowered Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 15th. UBS Group boosted their price target on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Robert W. Baird dropped their price objective on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Finally, Royal Bank of Canada lifted their target price on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Jacobs Solutions presently has an average rating of “Moderate Buy” and an average price target of $161.67.

Insider Buying and Selling

In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 4,167 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total value of $625,633.38. Following the transaction, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at $3,688,038.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value of $625,633.38. Following the completion of the sale, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at $3,688,038.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $139.94, for a total transaction of $979,580.00. Following the transaction, the insider now directly owns 534,138 shares in the company, valued at approximately $74,747,271.72. The disclosure for this sale can be found here. Insiders sold 21,516 shares of company stock valued at $3,132,273 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Down 0.5 %

Jacobs Solutions stock opened at $148.64 on Friday. The firm has a market cap of $18.61 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 1.63 and a beta of 0.72. Jacobs Solutions Inc. has a 52-week low of $120.71 and a 52-week high of $154.50. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a 50 day moving average price of $146.13 and a two-hundred day moving average price of $144.11.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.96. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. Jacobs Solutions’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.82 earnings per share. Equities analysts predict that Jacobs Solutions Inc. will post 7.97 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, July 26th were given a dividend of $0.29 per share. The ex-dividend date was Friday, July 26th. This represents a $1.16 annualized dividend and a dividend yield of 0.78%. Jacobs Solutions’s payout ratio is 22.39%.

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.