Mitsubishi UFJ Trust & Banking Corp Has $11.08 Million Position in Jacobs Solutions Inc. (NYSE:J)

Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 26.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 82,930 shares of the company's stock after acquiring an additional 17,266 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.07% of Jacobs Solutions worth $11,081,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of J. Geode Capital Management LLC grew its stake in shares of Jacobs Solutions by 2.4% in the third quarter. Geode Capital Management LLC now owns 3,145,665 shares of the company's stock worth $410,444,000 after purchasing an additional 73,566 shares in the last quarter. Ninety One UK Ltd grew its position in 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 buying an additional 449,161 shares in the last quarter. Kovitz Investment Group Partners LLC grew its position in Jacobs Solutions by 3.2% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,040,032 shares of the company's stock valued at $143,263,000 after buying an additional 32,650 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Jacobs Solutions by 9.6% during 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 buying an additional 78,284 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Jacobs Solutions by 2.3% during 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. Institutional investors and hedge funds own 85.65% of the company's stock.

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Jacobs Solutions Trading Up 0.9 %

NYSE J traded up $1.13 on Tuesday, hitting $122.02. 644,096 shares of the company were exchanged, compared to its average volume of 752,256. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. Jacobs Solutions Inc. has a twelve month low of $118.67 and a twelve month high of $156.31. The firm has a market capitalization of $14.95 billion, a P/E ratio of 25.16, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The company's 50 day moving average price is $129.02 and its 200-day moving average price is $135.79.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. The firm's quarterly revenue was up 4.4% on a year-over-year basis. Analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

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

Jacobs Solutions announced that its board has initiated a share repurchase program on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the company to repurchase up to 9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

J has been the subject of several recent analyst reports. 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. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $150.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 10th. StockNews.com began coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a "hold" rating on the stock. Citigroup lowered their target price on Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, Truist Financial boosted their price target 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. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price 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.