Cullen Frost Bankers Inc. Increases Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Cullen Frost Bankers Inc. increased its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,511 shares of the company's stock after buying an additional 6,514 shares during the quarter. Cullen Frost Bankers Inc. owned 0.07% of Jacobs Solutions worth $11,159,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of J. Ninety One UK Ltd increased its position in shares of Jacobs Solutions by 29.2% during the fourth 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. Proficio Capital Partners LLC boosted its holdings in shares of 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 during the last quarter. Sessa Capital IM L.P. bought a new position in Jacobs Solutions during the third quarter valued at about $46,168,000. Soros Fund Management LLC increased its holdings in Jacobs Solutions by 34.3% during the third quarter. Soros Fund Management LLC now owns 500,907 shares of the company's stock worth $65,569,000 after buying an additional 127,874 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in Jacobs Solutions by 28.1% in the third quarter. Thrivent Financial for Lutherans now owns 537,015 shares of the company's stock worth $70,296,000 after acquiring an additional 117,940 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

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Jacobs Solutions Price Performance

NYSE:J traded down $0.93 during mid-day trading on Monday, hitting $123.60. 892,765 shares of the stock traded hands, compared to its average volume of 842,168. The business's 50-day moving average price is $132.92 and its 200 day moving average price is $138.56. The company has a market cap of $15.15 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 12-month low of $110.95 and a 12-month high of $150.54. 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 (NYSE:J - Get Free Report) last released its earnings results 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. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.92 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. Jacobs Solutions's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS. On average, analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 1.04%. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's dividend payout ratio (DPR) is currently 26.39%.

Jacobs Solutions announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the company to purchase up to 9% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on J. Robert W. Baird decreased their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Benchmark downgraded Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $150.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Royal Bank of Canada reissued an "outperform" rating and issued a $152.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Finally, StockNews.com assumed coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a "hold" rating on the stock. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $155.89.

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.