Jacobs Solutions Inc. (NYSE:J) Holdings Lowered by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 23.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,477,855 shares of the company's stock after selling 746,118 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 2.02% of Jacobs Solutions worth $331,091,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in J. Geode Capital Management LLC boosted its holdings in Jacobs Solutions by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,145,665 shares of the company's stock worth $410,444,000 after acquiring an additional 73,566 shares during the period. Ninety One UK Ltd boosted its stake in shares of Jacobs Solutions by 29.2% in the fourth quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company's stock valued at $265,649,000 after purchasing an additional 449,161 shares during the period. Kovitz Investment Group Partners LLC grew its holdings in Jacobs Solutions by 3.2% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,040,032 shares of the company's stock valued at $143,263,000 after purchasing an additional 32,650 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Jacobs Solutions by 9.6% during the 4th quarter. Bank of New York Mellon Corp now owns 896,004 shares of the company's stock worth $119,724,000 after buying an additional 78,284 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Jacobs Solutions by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 777,888 shares of the company's stock worth $103,941,000 after buying an additional 17,372 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

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Jacobs Solutions Stock Performance

Shares of NYSE J traded down $4.71 during mid-day trading on Thursday, hitting $119.81. The company had a trading volume of 299,816 shares, compared to its average volume of 751,414. Jacobs Solutions Inc. has a 12 month low of $118.66 and a 12 month high of $156.31. The stock has a market cap of $14.68 billion, a price-to-earnings ratio of 24.70, a PEG 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. The firm's 50 day simple moving average is $128.29 and its two-hundred day simple moving average is $135.56.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the previous year, the company posted $1.45 earnings per share. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions declared that its board has initiated a stock buyback program on Tuesday, February 4th that allows the company to repurchase $1.50 billion in 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 board believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.07%. 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. Jacobs Solutions's payout ratio is 26.39%.

Wall Street Analyst Weigh In

Several research firms recently commented on J. Citigroup cut their price target on Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. StockNews.com initiated coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They issued a "hold" rating on the stock. Robert W. Baird decreased their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Truist Financial upped their price target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a "hold" rating in a report on Thursday, December 19th. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 10th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Jacobs Solutions has an average rating of "Moderate Buy" and an average price target of $153.86.

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.