Rhumbline Advisers Has $27.84 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

Rhumbline Advisers cut its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 1.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 208,370 shares of the company's stock after selling 3,960 shares during the period. Rhumbline Advisers owned about 0.17% of Jacobs Solutions worth $27,842,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of J. Creative Planning lifted its position in Jacobs Solutions by 1.0% in the 3rd quarter. Creative Planning now owns 32,079 shares of the company's stock valued at $4,199,000 after purchasing an additional 327 shares during the last quarter. Raymond James & Associates raised its position in shares of Jacobs Solutions by 23.2% during the 3rd quarter. Raymond James & Associates now owns 134,789 shares of the company's stock worth $17,644,000 after buying an additional 25,354 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Jacobs Solutions by 9.9% during the 3rd quarter. Private Advisor Group LLC now owns 13,447 shares of the company's stock worth $1,760,000 after buying an additional 1,210 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Jacobs Solutions by 12,990.4% during the 3rd quarter. International Assets Investment Management LLC now owns 13,614 shares of the company's stock worth $1,782,000 after buying an additional 13,510 shares in the last quarter. Finally, Great Lakes Retirement Inc. raised its position in shares of Jacobs Solutions by 4.5% during the 3rd quarter. Great Lakes Retirement Inc. now owns 14,942 shares of the company's stock worth $1,956,000 after buying an additional 642 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on J. Royal Bank of Canada restated an "outperform" rating and set a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Truist Financial boosted their price target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a "hold" rating in a research report on Thursday, December 19th. Citigroup lowered their price objective on shares of Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Finally, Benchmark cut shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $155.89.

Jacobs Solutions Stock Down 0.7 %

NYSE J traded down $0.95 during trading on Friday, reaching $128.86. The company's stock had a trading volume of 683,496 shares, compared to its average volume of 771,659. The business has a 50-day moving average price of $134.99 and a 200-day moving average price of $140.03. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. Jacobs Solutions Inc. has a 1-year low of $110.95 and a 1-year high of $150.54. The stock has a market capitalization of $15.79 billion, a PE ratio of 26.55, a PEG ratio of 1.84 and a beta of 0.72.

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, 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 business had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.92 billion. During the same period in the previous year, the company earned $1.45 earnings per share. Jacobs Solutions's revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.99%. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, February 21st. Jacobs Solutions's payout ratio is presently 23.92%.

Jacobs Solutions declared 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 stock through open market purchases. Stock buyback plans are generally an indication that the company's board of directors believes its shares are undervalued.

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.