Brooklyn FI LLC Takes Position in Jacobs Solutions Inc. (NYSE:J)

Brooklyn FI LLC acquired a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 3,328 shares of the company's stock, valued at approximately $463,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. OneDigital Investment Advisors LLC boosted its stake in Jacobs Solutions by 4.0% during the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company's stock worth $293,000 after acquiring an additional 86 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Jacobs Solutions by 8.1% during the third quarter. CIBC Asset Management Inc now owns 18,217 shares of the company's stock valued at $2,385,000 after acquiring an additional 1,360 shares in the last quarter. Mutual of America Capital Management LLC raised its position in shares of Jacobs Solutions by 7.0% during the third quarter. Mutual of America Capital Management LLC now owns 40,956 shares of the company's stock worth $5,361,000 after purchasing an additional 2,675 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Jacobs Solutions in the 3rd quarter worth $1,575,000. Finally, PNC Financial Services Group Inc. grew its position in Jacobs Solutions by 16.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 43,343 shares of the company's stock valued at $5,674,000 after purchasing an additional 6,201 shares during the period. Institutional investors own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on J. Citigroup lowered their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Royal Bank of Canada restated an "outperform" rating and issued a $152.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 3rd. The Goldman Sachs Group reiterated a "neutral" rating and set a $150.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 10th. StockNews.com assumed coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a "hold" rating on the stock. Finally, Robert W. Baird reduced 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. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $153.63.

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Jacobs Solutions Stock Performance

J traded up $1.72 during trading on Monday, hitting $122.97. 1,301,010 shares of the company traded hands, compared to its average volume of 709,890. Jacobs Solutions Inc. has a one year low of $118.71 and a one year high of $156.31. The stock's fifty day moving average is $130.74 and its 200 day moving average is $136.65. The firm has a market cap of $15.07 billion, a P/E ratio of 25.35, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. 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 (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.04. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.92 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. Jacobs Solutions's revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.45 earnings per share. As a group, equities analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were paid a $0.32 dividend. This is a boost 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%. The ex-dividend date was Friday, February 21st. Jacobs Solutions's payout ratio is currently 26.39%.

Jacobs Solutions announced that its Board of Directors has approved a share buyback plan on Tuesday, February 4th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to purchase up to 9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is 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.