Jacobs Solutions Inc. (NYSE:J) Shares Bought by Bank of Montreal Can

Bank of Montreal Can boosted its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 5.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 598,825 shares of the company's stock after acquiring an additional 29,715 shares during the period. Bank of Montreal Can owned 0.49% of Jacobs Solutions worth $80,015,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Cerity Partners LLC boosted its stake in Jacobs Solutions by 0.4% during the fourth quarter. Cerity Partners LLC now owns 81,981 shares of the company's stock valued at $10,918,000 after buying an additional 364 shares during the period. Federated Hermes Inc. grew its holdings in shares of Jacobs Solutions by 7.6% in the fourth quarter. Federated Hermes Inc. now owns 58,324 shares of the company's stock worth $7,793,000 after purchasing an additional 4,106 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Jacobs Solutions by 18.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 347,264 shares of the company's stock valued at $46,401,000 after purchasing an additional 52,920 shares during the period. Grantham Mayo Van Otterloo & Co. LLC purchased a new position in Jacobs Solutions during the 4th quarter valued at $2,204,000. Finally, Aviva PLC raised its position in shares of Jacobs Solutions by 1,476.3% in the 4th quarter. Aviva PLC now owns 74,939 shares of the company's stock worth $10,013,000 after acquiring an additional 70,185 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Trading Up 1.4 %

J traded up $1.58 on Monday, hitting $118.12. The company had a trading volume of 65,392 shares, compared to its average volume of 771,278. The company has a market cap of $14.47 billion, a PE ratio of 24.35, a PEG ratio of 1.84 and a beta of 0.73. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $156.31. The business's fifty day simple moving average is $123.95 and its 200 day simple moving average 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.

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Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.04. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. 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 prior year, the company posted $1.45 EPS. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions declared that its Board of Directors has initiated a share repurchase program on Tuesday, February 4th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were 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 1.08%. The ex-dividend date of this dividend was Friday, February 21st. Jacobs Solutions's payout ratio is presently 26.39%.

Wall Street Analyst Weigh In

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

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.