UniSuper Management Pty Ltd Has $2.26 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

UniSuper Management Pty Ltd increased its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 29.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,911 shares of the company's stock after buying an additional 3,813 shares during the quarter. UniSuper Management Pty Ltd's holdings in Jacobs Solutions were worth $2,260,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ninety One UK Ltd lifted its stake 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 worth $265,649,000 after acquiring an additional 449,161 shares in the last quarter. Proficio Capital Partners LLC increased 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 valued at $59,977,000 after purchasing an additional 446,057 shares during the period. Natixis Advisors LLC lifted its position in shares of Jacobs Solutions by 138.9% in the fourth quarter. Natixis Advisors LLC now owns 479,452 shares of the company's stock worth $64,065,000 after purchasing an additional 278,777 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Jacobs Solutions during the fourth quarter valued at approximately $24,069,000. Finally, Soros Fund Management LLC increased its stake 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 buying an additional 127,874 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

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Jacobs Solutions Stock Down 5.9 %

Shares of NYSE J traded down $7.01 during mid-day trading on Friday, reaching $111.47. 1,035,832 shares of the company traded hands, compared to its average volume of 756,274. The company's fifty day moving average is $127.24 and its two-hundred day moving average is $135.21. Jacobs Solutions Inc. has a fifty-two week low of $110.91 and a fifty-two week high of $156.31. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $13.66 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 1.84 and a beta of 0.73.

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

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 dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.15%. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, February 21st. Jacobs Solutions's dividend payout ratio is 26.39%.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group reissued a "neutral" rating and set a $150.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Robert W. Baird lowered their target price on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Citigroup dropped their target price on Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Finally, Truist Financial lifted their price target on Jacobs Solutions from $137.00 to $142.00 and gave the company a "hold" rating in a report on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Jacobs Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $153.86.

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.