Russell Investments Group Ltd. Sells 94,989 Shares of Jacobs Solutions Inc. (NYSE:J)

Russell Investments Group Ltd. decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 54.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,258 shares of the company's stock after selling 94,989 shares during the period. Russell Investments Group Ltd. owned 0.06% of Jacobs Solutions worth $10,457,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Avalon Trust Co purchased a new position in shares of Jacobs Solutions during the fourth quarter valued at about $33,000. Larson Financial Group LLC grew its holdings in shares of Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock worth $37,000 after acquiring an additional 115 shares during the period. Assetmark Inc. raised its position in shares of Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after acquiring an additional 100 shares in the last quarter. Catalyst Capital Advisors LLC lifted its stake in shares of Jacobs Solutions by 215.7% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company's stock valued at $49,000 after purchasing an additional 248 shares during the period. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Jacobs Solutions during the fourth quarter valued at approximately $65,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Down 0.3 %

NYSE J traded down $0.38 during mid-day trading on Tuesday, reaching $117.50. The stock had a trading volume of 487,940 shares, compared to its average volume of 771,923. The stock has a market cap of $14.40 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 1.84 and a beta of 0.73. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $156.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. The company has a fifty day moving average price of $123.65 and a 200 day moving average price of $133.12.

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Jacobs Solutions (NYSE:J - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.92 billion. During the same quarter in the prior year, the business earned $1.45 EPS. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. On average, research 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 disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's dividend payout ratio is 26.39%.

Jacobs Solutions declared that its Board of Directors has authorized 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 buy up to 9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have issued reports on J. Truist Financial decreased their price objective on Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Citigroup dropped 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. Finally, Robert W. Baird decreased their target price 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. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $152.14.

About Jacobs Solutions

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.