Barclays PLC Has $35.38 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Barclays PLC decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 15.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 264,816 shares of the company's stock after selling 47,884 shares during the period. Barclays PLC owned approximately 0.22% of Jacobs Solutions worth $35,383,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in J. Avalon Trust Co acquired a new position in Jacobs Solutions during the fourth quarter valued at approximately $33,000. Larson Financial Group LLC grew its holdings in shares of Jacobs Solutions by 71.9% in 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. Assetmark Inc. grew its holdings in shares of Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after buying an additional 100 shares during the period. Catalyst Capital Advisors LLC increased its position 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 valued at $49,000 after buying an additional 248 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Jacobs Solutions during the 4th quarter worth $65,000. Institutional investors and hedge funds own 85.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on J. Citigroup decreased their target price on Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Truist Financial decreased their price objective on Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Finally, Robert W. Baird dropped their target price on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $152.14.

Jacobs Solutions Stock Up 0.5 %

NYSE:J traded up $0.60 during trading hours on Friday, reaching $117.18. 655,536 shares of the stock were exchanged, compared to its average volume of 776,874. 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 twelve month low of $106.23 and a twelve month high of $156.31. The stock has a market cap of $14.36 billion, a PE ratio of 24.16, a PEG ratio of 1.84 and a beta of 0.73. The firm has a 50 day moving average of $122.32 and a 200 day moving average of $132.68.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its earnings results 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 business had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.92 billion. During the same quarter in the prior year, the company posted $1.45 earnings per share. The firm's revenue was up 4.4% on a year-over-year basis. On average, equities analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The business also recently announced 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 1.09%. 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%.

Jacobs Solutions declared that its board has authorized a stock repurchase plan on Tuesday, February 4th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to repurchase up to 9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued.

Jacobs Solutions Company 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.