Dimensional Fund Advisors LP Has $163.96 Million Stake in Jacobs Solutions Inc. (NYSE:J)

Dimensional Fund Advisors LP lessened its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,227,042 shares of the company's stock after selling 32,314 shares during the period. Dimensional Fund Advisors LP owned about 1.00% of Jacobs Solutions worth $163,956,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of Jacobs Solutions by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 3,155,839 shares of the company's stock worth $420,626,000 after acquiring an additional 10,174 shares during the period. Ninety One UK Ltd lifted its stake in Jacobs Solutions by 29.2% during the fourth quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company's stock worth $265,649,000 after purchasing an additional 449,161 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Jacobs Solutions by 9.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,809,207 shares of the company's stock valued at $241,746,000 after purchasing an additional 157,086 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Jacobs Solutions by 9.6% in the 4th quarter. Bank of New York Mellon Corp now owns 896,004 shares of the company's stock valued at $119,724,000 after purchasing an additional 78,284 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Jacobs Solutions by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 777,888 shares of the company's stock worth $103,941,000 after buying an additional 17,372 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock opened at $122.38 on Friday. 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 firm has a 50 day simple moving average of $121.47 and a 200 day simple moving average of $132.17. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $156.31. The firm has a market cap of $15.00 billion, a P/E ratio of 25.23, a P/E/G ratio of 1.84 and a beta of 0.73.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $2.93 billion for 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%. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 earnings per share. Sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

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

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.05%. This is an increase from Jacobs Solutions's previous quarterly dividend of $0.29. The ex-dividend date was Friday, February 21st. Jacobs Solutions's payout ratio is 26.39%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on J. Citigroup lowered 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. 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 report on Wednesday, February 5th. Finally, Truist Financial cut their price target on shares of Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Jacobs Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $152.14.

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.

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