Ninety One UK Ltd Raises Position in Jacobs Solutions Inc. (NYSE:J)

Ninety One UK Ltd lifted its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 29.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,988,092 shares of the company's stock after purchasing an additional 449,161 shares during the quarter. Ninety One UK Ltd owned about 1.60% of Jacobs Solutions worth $265,649,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sessa Capital IM L.P. acquired a new stake in Jacobs Solutions during the 3rd quarter worth approximately $46,168,000. Soros Fund Management LLC raised its position in Jacobs Solutions by 34.3% in the 3rd quarter. Soros Fund Management LLC now owns 500,907 shares of the company's stock valued at $65,569,000 after purchasing an additional 127,874 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Jacobs Solutions by 28.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 537,015 shares of the company's stock valued at $70,296,000 after purchasing an additional 117,940 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Jacobs Solutions by 19.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 650,110 shares of the company's stock valued at $85,099,000 after buying an additional 107,849 shares during the period. Finally, Mizuho Securities USA LLC grew its position in shares of Jacobs Solutions by 978.5% during the third quarter. Mizuho Securities USA LLC now owns 104,100 shares of the company's stock worth $13,627,000 after buying an additional 94,448 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock traded up $0.49 on Friday, hitting $133.97. The stock had a trading volume of 767,521 shares, compared to its average volume of 785,657. The stock has a market cap of $16.42 billion, a price-to-earnings ratio of 27.62, a P/E/G ratio of 1.88 and a beta of 0.72. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 0.41. Jacobs Solutions Inc. has a 52-week low of $110.95 and a 52-week high of $150.54. The company's 50 day moving average price is $136.17 and its 200 day moving average price is $140.97.

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

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be given a dividend of $0.32 per share. This is an increase from Jacobs Solutions's previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Friday, February 21st. Jacobs Solutions's dividend payout ratio (DPR) is presently 23.92%.

Jacobs Solutions announced that its board has approved a stock buyback 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 shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

J has been the subject of a number of recent research reports. StockNews.com assumed coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They issued a "hold" rating for the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $152.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Truist Financial increased their target price on Jacobs Solutions from $137.00 to $142.00 and gave the company a "hold" rating in a report on Thursday, December 19th. Citigroup decreased their price target on Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Finally, Robert W. Baird dropped their price objective on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.