TCW Group Inc. Grows Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

TCW Group Inc. grew its position in shares of Jacobs Solutions Inc. (NYSE:J) by 36.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,569 shares of the company’s stock after acquiring an additional 4,180 shares during the period. TCW Group Inc.’s holdings in Jacobs Solutions were worth $2,038,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of J. EdgeRock Capital LLC purchased a new stake in Jacobs Solutions in the second quarter worth $26,000. First Horizon Advisors Inc. lifted its position in shares of 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. Quarry LP lifted its position in shares of Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock worth $38,000 after purchasing an additional 233 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Jacobs Solutions during the 3rd quarter valued at about $42,000. Finally, True Wealth Design LLC purchased a new position in shares of Jacobs Solutions during the third quarter valued at about $44,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

J opened at $136.02 on Friday. The firm has a market cap of $16.87 billion, a PE ratio of 21.49, a P/E/G ratio of 2.04 and a beta of 0.70. The stock has a 50-day moving average price of $140.22 and a 200-day moving average price of $142.28. Jacobs Solutions Inc. has a 1 year low of $104.90 and a 1 year high of $150.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period last year, the firm posted $1.90 earnings per share. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. Sell-side analysts predict that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 0.85%. Jacobs Solutions’s dividend payout ratio is 18.33%.

Wall Street Analysts Forecast Growth

J has been the subject of several research analyst reports. Robert W. Baird raised their price objective on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. The Goldman Sachs Group restated a “neutral” rating and issued a $150.00 target price on shares of Jacobs Solutions in a research note on Tuesday. Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. StockNews.com assumed coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating for the company. Finally, Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a research report on Friday, October 4th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $155.78.

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.