Charles Schwab Investment Management Inc. Grows Position in Jacobs Solutions Inc. (NYSE:J)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 777,888 shares of the company's stock after acquiring an additional 17,372 shares during the period. Charles Schwab Investment Management Inc. owned about 0.63% of Jacobs Solutions worth $103,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. First Horizon Advisors Inc. lifted its position in Jacobs Solutions by 44.3% during the third 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 period. Quarry LP increased its stake in shares of Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company's stock valued at $38,000 after purchasing an additional 233 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Jacobs Solutions in the third quarter valued at approximately $42,000. True Wealth Design LLC purchased a new stake in Jacobs Solutions in the 3rd quarter worth $44,000. Finally, Catalyst Capital Advisors LLC raised its position in shares of Jacobs Solutions by 215.7% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company's stock worth $49,000 after purchasing an additional 248 shares during the last quarter. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Down 0.7 %

Shares of NYSE J traded down $0.93 during mid-day trading on Monday, hitting $123.60. The company had a trading volume of 892,765 shares, compared to its average volume of 842,168. Jacobs Solutions Inc. has a 1-year low of $110.95 and a 1-year high of $150.54. The company has a market capitalization of $15.15 billion, a PE ratio of 25.49, a price-to-earnings-growth 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 business's 50-day simple moving average is $132.92 and its 200 day simple moving average is $138.56.

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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 (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.04. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The business had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.92 billion. During the same quarter last year, the business posted $1.45 EPS. The business's quarterly revenue was up 4.4% compared to the same quarter last year. On average, analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions declared that its board has approved a share buyback plan on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is 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 26.39%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on J shares. The Goldman Sachs Group restated a "neutral" rating and issued a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 10th. Truist Financial lifted their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the stock a "hold" rating in a research report on Thursday, December 19th. Robert W. Baird dropped their target price on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Benchmark lowered Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Finally, StockNews.com began coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They issued a "hold" rating for the company. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $155.89.

Jacobs Solutions 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.