Coldstream Capital Management Inc. Purchases 409 Shares of Jacobs Solutions Inc. (NYSE:J)

Coldstream Capital Management Inc. raised its holdings in Jacobs Solutions Inc. (NYSE:J) by 19.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,464 shares of the company’s stock after acquiring an additional 409 shares during the period. Coldstream Capital Management Inc.’s holdings in Jacobs Solutions were worth $324,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of J. Sei Investments Co. boosted its stake in Jacobs Solutions by 32.1% in the 2nd quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock worth $37,968,000 after purchasing an additional 66,002 shares during the period. Aigen Investment Management LP acquired a new position in shares of Jacobs Solutions during the third quarter worth about $709,000. Point72 Asset Management L.P. acquired a new position in shares of Jacobs Solutions during the third quarter worth about $1,756,000. Asset Management One Co. Ltd. grew its holdings in shares of Jacobs Solutions by 6.8% during the third quarter. Asset Management One Co. Ltd. now owns 76,308 shares of the company’s stock worth $9,989,000 after buying an additional 4,858 shares in the last quarter. Finally, MBB Public Markets I LLC acquired a new stake in Jacobs Solutions in the 2nd quarter valued at approximately $1,302,000. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of J stock opened at $136.99 on Monday. Jacobs Solutions Inc. has a 52 week low of $104.90 and a 52 week high of $150.54. The company has a market capitalization of $16.99 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 2.04 and a beta of 0.70. The company has a 50-day simple moving average of $140.16 and a 200 day simple moving average of $142.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20.

Jacobs Solutions (NYSE:J) last issued 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). The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.90 EPS. On average, 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 given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions’s payout ratio is 18.33%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on J. Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a research report on Friday, October 4th. StockNews.com began coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating on the stock. Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Robert W. Baird upped their target price on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.