AQR Capital Management LLC Grows Stock Position in Jacobs Solutions Inc. (NYSE:J)

AQR Capital Management LLC boosted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 24.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 507,564 shares of the company’s stock after acquiring an additional 101,043 shares during the period. AQR Capital Management LLC owned about 0.41% of Jacobs Solutions worth $70,912,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Jacobs Solutions by 59.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 24,065 shares of the company’s stock worth $3,362,000 after acquiring an additional 8,984 shares during the last quarter. Evergreen Capital Management LLC raised its stake in Jacobs Solutions by 250.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 63,272 shares of the company’s stock valued at $8,840,000 after purchasing an additional 45,204 shares during the last quarter. Public Sector Pension Investment Board raised its stake in Jacobs Solutions by 66.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 4,705 shares of the company’s stock valued at $657,000 after purchasing an additional 1,878 shares during the last quarter. Gabelli Funds LLC boosted its stake in shares of Jacobs Solutions by 6.9% during the 2nd quarter. Gabelli Funds LLC now owns 1,550 shares of the company’s stock worth $217,000 after purchasing an additional 100 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC grew its holdings in shares of Jacobs Solutions by 11.1% during the second quarter. Mount Yale Investment Advisors LLC now owns 3,513 shares of the company’s stock worth $491,000 after buying an additional 351 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Jacobs Solutions stock opened at $155.59 on Friday. The company has a market cap of $19.48 billion, a price-to-earnings ratio of 30.04, a price-to-earnings-growth ratio of 1.70 and a beta of 0.72. Jacobs Solutions Inc. has a 12 month low of $120.71 and a 12 month high of $156.31. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s 50-day moving average is $146.56 and its 200-day moving average is $144.31.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, meeting the consensus estimate of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same quarter last year, the firm posted $1.82 earnings per share. Jacobs Solutions’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities analysts anticipate that Jacobs Solutions Inc. will post 7.98 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 0.75%. Jacobs Solutions’s dividend payout ratio (DPR) is 22.39%.

Analysts Set New Price Targets

J has been the topic of several recent analyst reports. Royal Bank of Canada upped their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. UBS Group raised their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Truist Financial reaffirmed a “hold” rating and issued a $158.00 price objective (up previously from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. Robert W. Baird reduced their target price on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Finally, StockNews.com began coverage on Jacobs Solutions in a report on Tuesday. They issued a “buy” rating for the company. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $161.67.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the transaction, the director now owns 42,069 shares in the company, valued at $6,346,108.65. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the sale, the director now owns 42,069 shares of the company’s stock, valued at $6,346,108.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction on 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 $74,747,271.72. The disclosure for this sale can be found here. In the last three months, insiders sold 21,516 shares of company stock worth $3,132,273. Corporate insiders own 1.00% of the company’s stock.

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.