Schroder Investment Management Group Sells 3,685 Shares of Jacobs Solutions Inc. (NYSE:J)

Schroder Investment Management Group cut its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 19.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,292 shares of the company's stock after selling 3,685 shares during the period. Schroder Investment Management Group's holdings in Jacobs Solutions were worth $2,041,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Ninety One UK Ltd raised its holdings in Jacobs Solutions by 29.2% during the 4th quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company's stock valued at $265,649,000 after buying an additional 449,161 shares during the period. Proficio Capital Partners LLC increased its position in Jacobs Solutions by 15,913.6% during the fourth quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company's stock valued at $59,977,000 after acquiring an additional 446,057 shares during the last quarter. Natixis Advisors LLC raised its stake 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 valued at $64,065,000 after acquiring an additional 278,777 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Jacobs Solutions in the 4th quarter worth about $24,069,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Jacobs Solutions by 9.6% during the 4th quarter. Bank of New York Mellon Corp now owns 896,004 shares of the company's stock worth $119,724,000 after purchasing an additional 78,284 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Citigroup reduced 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 report on Wednesday, January 29th. Truist Financial cut their target price on Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating on the stock in a research note on Tuesday. Finally, Robert W. Baird decreased their price target on 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 issued a buy rating to the company. Based on data from MarketBeat.com, Jacobs Solutions has a consensus rating of "Moderate Buy" and an average price target of $152.14.

Jacobs Solutions Trading Up 1.3 %

Shares of Jacobs Solutions stock traded up $1.49 on Friday, hitting $116.34. 914,223 shares of the company traded hands, compared to its average volume of 772,864. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. The company has a market cap of $14.26 billion, a PE ratio of 23.99, a PEG ratio of 1.84 and a beta of 0.73. The stock's 50 day moving average price is $123.95 and its 200-day moving average price is $133.53. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $156.31.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results 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. 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 during the quarter, compared to analyst estimates of $2.92 billion. During the same period in the previous year, the company posted $1.45 EPS. Jacobs Solutions's revenue was up 4.4% on a year-over-year basis. Equities research analysts predict 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 was paid on Friday, March 21st. Investors of record on Friday, February 21st were paid a $0.32 dividend. The ex-dividend date was Friday, February 21st. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 1.10%. Jacobs Solutions's dividend payout ratio is 26.39%.

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

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.