Jacobs Solutions Inc. (NYSE:J) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 32.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,776 shares of the company's stock after acquiring an additional 10,827 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Jacobs Solutions were worth $5,849,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of J. First Horizon Advisors Inc. raised its stake in shares of Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock valued at $32,000 after acquiring an additional 74 shares in the last quarter. Quarry LP increased its holdings in Jacobs Solutions by 394.9% during the 3rd quarter. Quarry LP now owns 292 shares of the company's stock worth $38,000 after purchasing an additional 233 shares during the period. Capital Performance Advisors LLP acquired a new stake in Jacobs Solutions in the 3rd quarter valued at about $42,000. True Wealth Design LLC purchased a new position in shares of Jacobs Solutions in the 3rd quarter valued at about $44,000. Finally, Catalyst Capital Advisors LLC boosted 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 buying an additional 248 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Citigroup reduced their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Royal Bank of Canada restated an "outperform" rating and issued a $152.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Robert W. Baird lowered 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. Truist Financial increased their target price on Jacobs Solutions from $137.00 to $142.00 and gave the company a "hold" rating in a report on Thursday, December 19th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $150.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 10th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Jacobs Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $155.89.

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Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock traded down $0.84 on Tuesday, hitting $124.32. The stock had a trading volume of 558,558 shares, compared to its average volume of 817,076. The stock has a market cap of $15.23 billion, a price-to-earnings ratio of 25.60, a P/E/G ratio of 1.84 and a beta of 0.72. 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 52-week low of $110.95 and a 52-week high of $150.54. The company's 50 day moving average price is $133.88 and its 200 day moving average price is $139.23.

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, beating analysts' consensus estimates of $1.29 by $0.04. The company had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.92 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 earnings per share. On average, research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

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

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 1.03%. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's dividend payout ratio is currently 26.39%.

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.