4,982 Shares in Jacobs Solutions Inc. (NYSE:J) Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,982 shares of the company's stock, valued at approximately $666,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Curi RMB Capital LLC increased its stake in shares of Jacobs Solutions by 33.0% in the fourth quarter. Curi RMB Capital LLC now owns 8,788 shares of the company's stock valued at $1,174,000 after buying an additional 2,179 shares during the period. First Trust Advisors LP raised its holdings in shares of Jacobs Solutions by 43.9% in the 4th quarter. First Trust Advisors LP now owns 741,342 shares of the company's stock worth $99,058,000 after acquiring an additional 226,272 shares during the last quarter. Holcombe Financial Inc. bought a new position in shares of Jacobs Solutions during the 4th quarter worth approximately $267,000. GeoWealth Management LLC grew its position in Jacobs Solutions by 29.2% during the fourth quarter. GeoWealth Management LLC now owns 1,601 shares of the company's stock valued at $214,000 after buying an additional 362 shares during the period. Finally, Commerce Bank lifted its holdings in Jacobs Solutions by 11.8% during the fourth quarter. Commerce Bank now owns 7,403 shares of the company's stock valued at $989,000 after purchasing an additional 780 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on J. Citigroup cut their target price on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research report on Friday. Robert W. Baird lowered their price objective on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Finally, Truist Financial lowered their price target on Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $150.86.

Jacobs Solutions Stock Performance

Shares of NYSE J traded up $1.14 during midday trading on Monday, reaching $122.71. 250,647 shares of the stock were exchanged, compared to its average volume of 781,689. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $156.31. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The firm has a market cap of $15.04 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 1.84 and a beta of 0.73. The firm has a 50-day simple moving average of $121.30 and a two-hundred day simple moving average of $132.00.

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

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were paid a $0.32 dividend. 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. This represents a $1.28 dividend on an annualized basis and a yield of 1.04%. Jacobs Solutions's payout ratio is currently 26.39%.

Jacobs Solutions announced that its board has initiated a share buyback plan on Tuesday, February 4th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to reacquire up to 9% of its shares through open market purchases. Shares buyback plans are usually an indication 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.