Jacobs Solutions Inc. (NYSE:J) Stake Lowered by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. cut its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 71,209 shares of the company's stock after selling 5,099 shares during the quarter. Asset Management One Co. Ltd. owned 0.06% of Jacobs Solutions worth $9,618,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. First Horizon Advisors Inc. grew its position in shares of Jacobs Solutions by 44.3% in 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 last quarter. Empirical Finance LLC lifted its stake in Jacobs Solutions by 1.9% in the 3rd quarter. Empirical Finance LLC now owns 4,358 shares of the company's stock valued at $570,000 after buying an additional 82 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in Jacobs Solutions by 4.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company's stock valued at $293,000 after buying an additional 86 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in Jacobs Solutions by 10.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company's stock worth $128,000 after buying an additional 92 shares in the last quarter. Finally, Greenleaf Trust raised its holdings in shares of Jacobs Solutions by 3.5% in the fourth quarter. Greenleaf Trust now owns 2,773 shares of the company's stock worth $371,000 after acquiring an additional 95 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. StockNews.com assumed coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a "hold" rating on the stock. The Goldman Sachs Group reissued a "neutral" rating and set a $150.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Benchmark lowered shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Truist Financial boosted their target price on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a "hold" rating in a research report on Thursday, December 19th. Finally, Citigroup lowered their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Jacobs Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $155.89.

Jacobs Solutions Stock Down 0.8 %

Shares of J traded down $1.01 during midday trading on Friday, hitting $129.12. The company had a trading volume of 1,583,644 shares, compared to its average volume of 799,533. The stock has a market cap of $15.82 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.84 and a beta of 0.72. The company's 50 day moving average price is $134.83 and its 200 day moving average price is $139.96. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. Jacobs Solutions Inc. has a 52 week low of $110.95 and a 52 week high of $150.54.

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

Jacobs Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be given a dividend of $0.32 per share. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Friday, February 21st. Jacobs Solutions's dividend payout ratio is currently 23.92%.

Jacobs Solutions announced that its board has authorized a stock repurchase plan on Tuesday, February 4th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to reacquire up to 9% of its stock through open market purchases. Stock buyback plans are typically an indication 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.