Commonwealth Equity Services LLC Acquires 4,122 Shares of Jacobs Solutions Inc. (NYSE:J)

Commonwealth Equity Services LLC grew its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,039 shares of the company's stock after buying an additional 4,122 shares during the period. Commonwealth Equity Services LLC owned approximately 0.07% of Jacobs Solutions worth $11,229,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in J. First Horizon Advisors Inc. boosted its stake in Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock worth $32,000 after buying an additional 74 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Jacobs Solutions by 71.9% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock worth $37,000 after acquiring an additional 115 shares during the last quarter. Quarry LP boosted 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. True Wealth Design LLC bought a new position in shares of Jacobs Solutions during the 3rd quarter valued at $44,000. Finally, Assetmark Inc. raised its position in Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after purchasing an additional 100 shares during the period. Institutional investors own 85.65% of the company's stock.

Analyst Ratings Changes

J has been the topic of a number of recent research reports. Robert W. Baird reduced their price objective on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $150.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Truist Financial raised their target price on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a "hold" rating in a report on Thursday, December 19th. Royal Bank of Canada reiterated an "outperform" rating and set a $152.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Finally, StockNews.com began coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They issued a "hold" rating on the stock. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $153.63.

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Jacobs Solutions Trading Down 0.5 %

Shares of NYSE J traded down $0.67 during midday trading on Friday, hitting $121.23. 2,533,639 shares of the company traded hands, compared to its average volume of 706,389. Jacobs Solutions Inc. has a 12-month low of $118.71 and a 12-month high of $156.31. The firm has a market cap of $14.86 billion, a P/E ratio of 24.99, a P/E/G ratio of 1.84 and a beta of 0.77. The stock has a 50-day moving average price of $130.74 and a 200 day moving average price of $136.79. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.04. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the prior year, the business earned $1.45 EPS. The business's revenue for the quarter was up 4.4% on a year-over-year basis. As a group, analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Increases Dividend

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

Jacobs Solutions declared that its board has initiated a stock repurchase program 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 shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors 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.