Twin Capital Management Inc. Cuts Stake in Jacobs Solutions Inc. (NYSE:J)

Twin Capital Management Inc. lowered its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 74.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,538 shares of the company's stock after selling 13,070 shares during the period. Twin Capital Management Inc.'s holdings in Jacobs Solutions were worth $606,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of J. Avalon Trust Co bought a new position in shares of Jacobs Solutions during the 4th quarter worth approximately $33,000. Larson Financial Group LLC lifted its position 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 valued at $37,000 after acquiring an additional 115 shares during the period. Quarry LP boosted its stake in Jacobs Solutions by 394.9% during the third quarter. Quarry LP now owns 292 shares of the company's stock worth $38,000 after acquiring an additional 233 shares in the last quarter. Assetmark Inc. grew its holdings in Jacobs Solutions by 42.7% in the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after purchasing an additional 100 shares during the period. Finally, Catalyst Capital Advisors LLC grew its holdings in Jacobs Solutions by 215.7% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company's stock worth $49,000 after purchasing an additional 248 shares during the period. 85.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Truist Financial cut their price objective on shares of Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Citigroup cut their price target on Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, Robert W. Baird reduced their price objective 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Jacobs Solutions has a consensus rating of "Moderate Buy" and an average price target of $152.14.

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Jacobs Solutions Stock Up 1.3 %

J traded up $1.49 during midday trading on Friday, reaching $116.34. 914,223 shares of the company were exchanged, compared to its average volume of 774,046. Jacobs Solutions Inc. has a one year low of $106.23 and a one year 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 company's fifty day moving average price is $123.95 and its 200 day moving average price is $133.38. The company has a market cap of $14.26 billion, a price-to-earnings ratio of 23.99, 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. 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 prior year, the firm posted $1.45 EPS. Jacobs Solutions's quarterly revenue was up 4.4% compared to the same quarter last year. As a group, analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were issued a dividend of $0.32 per share. The ex-dividend date was Friday, February 21st. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 1.10%. Jacobs Solutions's payout ratio is 26.39%.

Jacobs Solutions announced that its Board of Directors has approved a share buyback plan on Tuesday, February 4th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to repurchase up to 9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

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.