FIL Ltd Sells 25,091 Shares of Jacobs Solutions Inc. (NYSE:J)

FIL Ltd decreased its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 710,021 shares of the company's stock after selling 25,091 shares during the period. FIL Ltd owned 0.58% of Jacobs Solutions worth $94,873,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Ninety One UK Ltd boosted its position in shares of Jacobs Solutions by 29.2% in the 4th quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company's stock valued at $265,649,000 after purchasing an additional 449,161 shares during the period. Proficio Capital Partners LLC lifted its position in Jacobs Solutions by 15,913.6% in the 4th quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company's stock worth $59,977,000 after buying an additional 446,057 shares in the last quarter. Natixis Advisors LLC boosted its position in Jacobs Solutions by 138.9% during the fourth quarter. Natixis Advisors LLC now owns 479,452 shares of the company's stock valued at $64,065,000 after purchasing an additional 278,777 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Jacobs Solutions by 956.8% in the 4th quarter. National Bank of Canada FI now owns 264,824 shares of the company's stock valued at $35,386,000 after buying an additional 239,764 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Jacobs Solutions in the fourth quarter worth approximately $24,069,000. Institutional investors and hedge funds own 85.65% of the company's stock.

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Analyst Ratings Changes

Several research firms recently issued reports on J. Truist Financial reduced their price objective on shares of Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Robert W. Baird decreased their price target on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Finally, Citigroup cut their price objective on Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Five 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 a consensus rating of "Moderate Buy" and a consensus price target of $152.14.

Jacobs Solutions Stock Performance

J traded up $0.46 during midday trading on Tuesday, reaching $118.34. The company's stock had a trading volume of 107,811 shares, compared to its average volume of 901,302. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. The company has a fifty day simple moving average of $123.65 and a 200 day simple moving average of $133.12. The stock has a market cap of $14.50 billion, a P/E ratio of 24.40, a PEG ratio of 1.84 and a beta of 0.73. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $150.54.

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, topping the consensus estimate of $1.29 by $0.04. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.92 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. Jacobs Solutions's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted $1.45 earnings per share. Research analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions announced that its Board of Directors has approved a share buyback program on Tuesday, February 4th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to buy up to 9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were given a dividend of $0.32 per share. The ex-dividend date was Friday, February 21st. This is an increase from Jacobs Solutions's previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 1.08%. Jacobs Solutions's dividend payout ratio (DPR) is 26.39%.

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.