Compagnie Lombard Odier SCmA Takes $4.33 Million Position in Jacobs Solutions Inc. (NYSE:J)

Compagnie Lombard Odier SCmA acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 32,397 shares of the company's stock, valued at approximately $4,329,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Jacobs Solutions by 55.8% during the third quarter. GAMMA Investing LLC now owns 405 shares of the company's stock valued at $53,000 after acquiring an additional 145 shares during the period. Exchange Traded Concepts LLC lifted its stake in Jacobs Solutions by 219.5% in the third quarter. Exchange Traded Concepts LLC now owns 6,707 shares of the company's stock valued at $878,000 after buying an additional 4,608 shares during the period. CX Institutional lifted its stake in Jacobs Solutions by 8.5% in the third quarter. CX Institutional now owns 8,015 shares of the company's stock valued at $1,049,000 after buying an additional 629 shares during the period. Creative Planning lifted its stake in Jacobs Solutions by 1.0% in the third quarter. Creative Planning now owns 32,079 shares of the company's stock valued at $4,199,000 after buying an additional 327 shares during the period. Finally, Cornerstone Wealth Management LLC acquired a new position in Jacobs Solutions in the third quarter valued at about $498,000. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Stock Up 1.2 %

Shares of NYSE:J traded up $1.49 during mid-day trading on Tuesday, reaching $130.37. 968,661 shares of the stock were exchanged, compared to its average volume of 774,047. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The company has a market cap of $15.98 billion, a P/E ratio of 26.88, a P/E/G ratio of 1.88 and a beta of 0.72. Jacobs Solutions Inc. has a one year low of $110.95 and a one year high of $150.54. The stock's 50 day simple moving average is $135.32 and its 200-day simple moving average is $140.26.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.04. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.92 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. Jacobs Solutions's quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned $1.45 earnings per share. As a group, equities research 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 will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.98%. This is an increase from Jacobs Solutions's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, February 21st. Jacobs Solutions's dividend payout ratio (DPR) is currently 23.92%.

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

Wall Street Analyst Weigh In

J has been the topic of several analyst reports. Royal Bank of Canada reissued an "outperform" rating and issued a $152.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Truist Financial raised their price target on Jacobs Solutions from $137.00 to $142.00 and gave the stock a "hold" rating in a research report on Thursday, December 19th. Citigroup dropped their price target on Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. StockNews.com began coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They set a "hold" rating on the stock. Finally, Robert W. Baird dropped their price target on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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.