Intact Investment Management Inc. Has $989,000 Holdings in Jacobs Solutions Inc. (NYSE:J)

Intact Investment Management Inc. grew its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 69.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,400 shares of the company's stock after buying an additional 3,040 shares during the quarter. Intact Investment Management Inc.'s holdings in Jacobs Solutions were worth $989,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Heritage Family Offices LLP boosted its holdings in shares of Jacobs Solutions by 55.7% in the fourth quarter. Heritage Family Offices LLP now owns 14,912 shares of the company's stock valued at $1,993,000 after buying an additional 5,332 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in shares of Jacobs Solutions by 1.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company's stock valued at $1,305,000 after buying an additional 175 shares during the period. Occidental Asset Management LLC boosted its holdings in shares of Jacobs Solutions by 11.7% in the fourth quarter. Occidental Asset Management LLC now owns 25,045 shares of the company's stock valued at $3,347,000 after buying an additional 2,619 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Jacobs Solutions by 12.2% in the third quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company's stock worth $56,778,000 after purchasing an additional 47,211 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Jacobs Solutions in the third quarter worth $3,205,000. Institutional investors and hedge funds own 85.65% of the company's stock.

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Jacobs Solutions Stock Performance

Shares of NYSE:J traded up $1.83 on Wednesday, hitting $124.33. The company had a trading volume of 658,316 shares, compared to its average volume of 695,075. Jacobs Solutions Inc. has a 1-year low of $118.71 and a 1-year high of $156.31. The stock has a market cap of $15.24 billion, a price-to-earnings ratio of 25.63, a P/E/G ratio of 1.84 and a beta of 0.77. The stock has a 50 day moving average price of $131.36 and a 200 day moving average price of $137.19. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41.

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

Jacobs Solutions declared that its board has approved a stock buyback plan on Tuesday, February 4th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be issued a $0.32 dividend. This is an increase from Jacobs Solutions's previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, February 21st. Jacobs Solutions's payout ratio is currently 26.39%.

Analyst Ratings Changes

A number of analysts have recently commented on J shares. Truist Financial boosted their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a "hold" rating in a research report on Thursday, December 19th. StockNews.com started coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They issued a "hold" rating on the stock. Robert W. Baird cut their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. The Goldman Sachs Group reissued a "neutral" rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Finally, Benchmark lowered shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $153.63.

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.