Amundi Boosts Stake in Jacobs Solutions Inc. (NYSE:J)

Amundi increased its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 121.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,520 shares of the company's stock after purchasing an additional 28,787 shares during the quarter. Amundi's holdings in Jacobs Solutions were worth $6,990,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. First Horizon Advisors Inc. boosted its stake in shares of Jacobs Solutions by 44.3% during the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock valued at $32,000 after purchasing an additional 74 shares during the period. Larson Financial Group LLC boosted its position in Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after buying an additional 115 shares during the period. Quarry LP grew its holdings in Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company's stock worth $38,000 after acquiring an additional 233 shares during the last quarter. True Wealth Design LLC purchased a new position in shares of Jacobs Solutions in the third quarter valued at about $44,000. Finally, Assetmark Inc. increased its position in shares of Jacobs Solutions by 42.7% in 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 period. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Stock Up 1.5 %

NYSE:J traded up $1.83 during mid-day trading on Wednesday, hitting $124.33. 431,398 shares of the company's stock were exchanged, compared to its average volume of 845,437. The company has a market cap of $15.24 billion, a PE ratio of 25.63, a P/E/G ratio of 1.84 and a beta of 0.77. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. Jacobs Solutions Inc. has a one year low of $110.95 and a one year high of $150.54. The business has a fifty day moving average price of $131.36 and a 200 day moving average price of $137.19.

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

Jacobs Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 21st. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 1.03%. Jacobs Solutions's payout ratio is currently 26.39%.

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

Analysts Set New Price Targets

Several research firms recently issued reports on J. Benchmark cut Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Royal Bank of Canada reiterated an "outperform" rating and issued a $152.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Truist Financial upped their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a "hold" rating in a report on Thursday, December 19th. Finally, StockNews.com began coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They issued a "hold" rating for the company. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $153.63.

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.