North Growth Management Ltd. Sells 2,000 Shares of Jacobs Solutions Inc. (NYSE:J)

North Growth Management Ltd. trimmed its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,000 shares of the company's stock after selling 2,000 shares during the period. Jacobs Solutions accounts for about 2.3% of North Growth Management Ltd.'s investment portfolio, making the stock its 16th biggest holding. North Growth Management Ltd. owned about 0.07% of Jacobs Solutions worth $12,200,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of J. First Horizon Advisors Inc. increased its position in Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock worth $32,000 after buying an additional 74 shares in the last quarter. Quarry LP grew its holdings in Jacobs Solutions by 394.9% during the 3rd quarter. Quarry LP now owns 292 shares of the company's stock valued at $38,000 after buying an additional 233 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Jacobs Solutions in the third quarter worth $42,000. True Wealth Design LLC purchased a new position in Jacobs Solutions in the third quarter worth about $44,000. Finally, GAMMA Investing LLC raised its holdings in Jacobs Solutions by 55.8% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the company's stock valued at $53,000 after buying an additional 145 shares during the period. 85.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on J. Truist Financial lifted their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the company a "hold" rating in a report on Thursday, December 19th. StockNews.com assumed coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They issued a "hold" rating on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Robert W. Baird dropped their target price on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $150.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. 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 Trading Down 2.3 %

Shares of J stock traded down $3.03 on Wednesday, reaching $130.19. 622,871 shares of the stock were exchanged, compared to its average volume of 764,863. The firm has a 50 day moving average of $135.96 and a two-hundred day moving average of $140.71. Jacobs Solutions Inc. has a 1-year low of $110.95 and a 1-year high of $150.54. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The stock has a market cap of $15.95 billion, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 1.88 and a beta of 0.72.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.33 EPS 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 business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same period last year, the business posted $1.45 EPS. The company's revenue was up 4.4% on a year-over-year basis. On average, research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

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

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, February 21st. This is an increase from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's dividend payout ratio is currently 23.92%.

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.