Jacobs Solutions Inc. (NYSE:J) Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. increased its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 153,063 shares of the company's stock after purchasing an additional 10,043 shares during the period. Alliancebernstein L.P. owned 0.12% of Jacobs Solutions worth $20,452,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted its holdings in Jacobs Solutions by 3.9% in the 3rd quarter. FMR LLC now owns 79,358 shares of the company's stock valued at $10,388,000 after purchasing an additional 3,011 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Jacobs Solutions by 27,300.0% in the third quarter. Benjamin Edwards Inc. now owns 1,644 shares of the company's stock worth $215,000 after buying an additional 1,638 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Jacobs Solutions by 2.4% in the third quarter. Janus Henderson Group PLC now owns 32,059 shares of the company's stock worth $4,197,000 after buying an additional 744 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in Jacobs Solutions by 6.3% during the third quarter. Integrated Wealth Concepts LLC now owns 4,692 shares of the company's stock worth $614,000 after acquiring an additional 279 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Jacobs Solutions during the 3rd quarter valued at about $1,756,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on J shares. Citigroup lowered their target price on Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Truist Financial lowered their price objective on Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating on the stock in a research note on Tuesday. Finally, Robert W. Baird cut their target price on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $152.14.

Jacobs Solutions Trading Up 1.3 %

Shares of Jacobs Solutions stock traded up $1.49 during trading hours on Friday, hitting $116.34. The company's stock had a trading volume of 914,223 shares, compared to its average volume of 772,864. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 23.99, a P/E/G ratio of 1.84 and a beta of 0.73. The firm has a fifty day moving average of $123.95 and a 200-day moving average of $133.53. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $156.31.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.92 billion. During the same period in the prior year, the business posted $1.45 EPS. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. Research analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.10%. Jacobs Solutions's payout ratio is presently 26.39%.

Jacobs Solutions announced that its Board of Directors has initiated a share buyback program on Tuesday, February 4th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

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.