Boston Partners Sells 348,705 Shares of Jacobs Solutions Inc. (NYSE:J)

Boston Partners trimmed its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 8.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,729,579 shares of the company's stock after selling 348,705 shares during the period. Boston Partners owned approximately 3.04% of Jacobs Solutions worth $499,443,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. lifted its holdings in Jacobs Solutions by 44.3% during the 3rd 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. Avalon Trust Co bought a new position in Jacobs Solutions during the 4th quarter valued at about $33,000. Larson Financial Group LLC lifted its holdings in 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 purchasing an additional 115 shares during the last quarter. Quarry LP lifted its holdings in Jacobs Solutions by 394.9% during the 3rd quarter. Quarry LP now owns 292 shares of the company's stock valued at $38,000 after purchasing an additional 233 shares during the last quarter. Finally, True Wealth Design LLC bought a new position in Jacobs Solutions during the 3rd quarter valued at about $44,000. 85.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

J has been the subject of several analyst reports. Truist Financial lifted 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. StockNews.com began coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They set a "hold" rating for the company. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $150.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Robert W. Baird dropped their target price on shares of 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, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $152.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions presently has an average rating of "Hold" and an average target price of $153.63.

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Jacobs Solutions Trading Down 0.5 %

NYSE J traded down $0.67 during trading on Friday, reaching $121.23. 2,533,639 shares of the stock traded hands, compared to its average volume of 706,389. The firm has a market cap of $14.86 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The stock's 50-day moving average price is $130.74 and its 200 day moving average price is $136.79. 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 fifty-two week low of $118.71 and a fifty-two week high of $156.31.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.92 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The business's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.45 earnings per share. Analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Friday, February 21st. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's dividend payout ratio is 26.39%.

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

About Jacobs Solutions

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.