Federated Hermes Inc. Increases Stock Position in Jacobs Solutions Inc. (NYSE:J)

Federated Hermes Inc. raised its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 7.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,324 shares of the company's stock after buying an additional 4,106 shares during the period. Federated Hermes Inc.'s holdings in Jacobs Solutions were worth $7,793,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Orion Portfolio Solutions LLC raised its holdings in shares of Jacobs Solutions by 0.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company's stock valued at $1,471,000 after purchasing an additional 83 shares during the last quarter. Evoke Wealth LLC increased its stake in Jacobs Solutions by 0.7% in the 4th quarter. Evoke Wealth LLC now owns 12,385 shares of the company's stock valued at $1,655,000 after buying an additional 88 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Jacobs Solutions by 10.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company's stock worth $128,000 after buying an additional 92 shares in the last quarter. Greenleaf Trust increased its position in shares of Jacobs Solutions by 3.5% during the fourth quarter. Greenleaf Trust now owns 2,773 shares of the company's stock valued at $371,000 after acquiring an additional 95 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in Jacobs Solutions by 42.7% during the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after acquiring an additional 100 shares during the period. 85.65% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of research analysts have issued reports on J shares. Citigroup reduced their price objective on Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Robert W. Baird decreased their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Finally, Truist Financial dropped their target price on shares of Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $152.14.

Jacobs Solutions Stock Performance

Jacobs Solutions stock traded up $0.23 during mid-day trading on Wednesday, reaching $117.74. The company's stock had a trading volume of 89,392 shares, compared to its average volume of 895,177. The firm's fifty day moving average price is $123.33 and its two-hundred day moving average price is $133.01. 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 Inc. has a 12-month low of $106.23 and a 12-month high of $150.54. The company has a market capitalization of $14.43 billion, a P/E ratio of 24.29, a PEG ratio of 1.84 and a beta of 0.73.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period in the previous year, the company posted $1.45 EPS. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. Sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions declared that its Board of Directors has authorized a share repurchase program on Tuesday, February 4th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the company to purchase 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 disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Friday, February 21st. This is an increase from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's dividend payout ratio (DPR) is 26.39%.

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.