35,062 Shares in Jacobs Solutions Inc. (NYSE:J) Acquired by Decade Renewable Partners LP

Decade Renewable Partners LP acquired a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 35,062 shares of the company's stock, valued at approximately $4,685,000. Jacobs Solutions makes up about 2.3% of Decade Renewable Partners LP's portfolio, making the stock its 21st biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Avalon Trust Co bought a new stake in Jacobs Solutions in the 4th quarter worth approximately $33,000. Larson Financial Group LLC grew its holdings in shares of Jacobs Solutions by 71.9% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company's stock worth $37,000 after acquiring an additional 115 shares during the period. Assetmark Inc. increased its position in Jacobs Solutions by 42.7% during the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after acquiring an additional 100 shares during the last quarter. Optiver Holding B.V. lifted its holdings in Jacobs Solutions by 113.8% in the fourth quarter. Optiver Holding B.V. now owns 357 shares of the company's stock valued at $48,000 after acquiring an additional 190 shares during the period. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of Jacobs Solutions by 215.7% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company's stock worth $49,000 after purchasing an additional 248 shares during the period. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

NYSE:J opened at $121.67 on Monday. The stock has a market capitalization of $14.91 billion, a P/E ratio of 25.09, a P/E/G ratio of 1.84 and a beta of 0.73. The stock has a 50-day moving average price of $121.30 and a 200 day moving average price of $132.00. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $156.31. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.04. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period last year, the firm posted $1.45 earnings per share. Jacobs Solutions's revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions declared that its board has approved a share repurchase plan on Tuesday, February 4th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's dividend payout ratio is presently 26.39%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on J shares. Truist Financial reduced their target price on shares of Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Citigroup decreased their target price on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a report on Friday. Finally, Robert W. Baird lowered their target price on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $150.86.

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.

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