Jacobs Solutions Inc. (NYSE:J) Stock Position Decreased by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lowered its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 21.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,447 shares of the company's stock after selling 2,582 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Jacobs Solutions were worth $1,262,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in J. Avalon Trust Co bought a new position in Jacobs Solutions during the 4th quarter worth approximately $33,000. Larson Financial Group LLC raised its position in shares of 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 acquiring an additional 115 shares in the last quarter. Quarry LP lifted its stake in Jacobs Solutions by 394.9% during the third quarter. Quarry LP now owns 292 shares of the company's stock worth $38,000 after purchasing an additional 233 shares during the last quarter. Assetmark Inc. boosted its holdings in Jacobs Solutions by 42.7% in the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after purchasing an additional 100 shares during the period. Finally, Catalyst Capital Advisors LLC increased its stake in Jacobs Solutions by 215.7% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company's stock valued at $49,000 after purchasing an additional 248 shares during the last quarter. Institutional investors own 85.65% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Citigroup cut their price target on Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Robert W. Baird cut their target price on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. The Goldman Sachs Group restated a "neutral" rating and set a $150.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Finally, Truist Financial cut their price objective on shares of Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating on the stock in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Jacobs Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $152.14.

Jacobs Solutions Price Performance

Shares of NYSE:J traded up $3.55 during trading on Tuesday, reaching $114.61. The company had a trading volume of 202,003 shares, compared to its average volume of 757,543. The firm's fifty day moving average is $126.71 and its 200 day moving average is $134.79. 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 firm has a market capitalization of $14.04 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 1.84 and a beta of 0.73. 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 results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 last year, the company posted $1.45 EPS. The firm's quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions announced that its board has approved 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 purchase up to 9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were given 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 annualized dividend and a yield of 1.12%. Jacobs Solutions's payout ratio is 26.39%.

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.