Aviva PLC Boosts Holdings in Jacobs Solutions Inc. (NYSE:J)

Aviva PLC increased its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 1,476.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 74,939 shares of the company's stock after acquiring an additional 70,185 shares during the period. Aviva PLC owned approximately 0.06% of Jacobs Solutions worth $10,013,000 as of its most recent filing with the Securities and Exchange Commission.

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

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Jacobs Solutions Trading Up 1.5 %

Shares of NYSE J traded up $1.70 during midday trading on Monday, reaching $118.24. The company had a trading volume of 39,155 shares, compared to its average volume of 771,163. The firm's fifty day moving average price is $123.95 and its 200-day moving average price is $133.38. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $156.31. The stock has a market cap of $14.49 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 1.84 and a beta of 0.73.

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 for the quarter, beating the consensus estimate of $1.29 by $0.04. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the previous year, the company posted $1.45 earnings per share. The business's revenue was up 4.4% on a year-over-year basis. On average, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

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

Jacobs Solutions Increases Dividend

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

Analyst Upgrades and Downgrades

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

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.