Lbp Am Sa Sells 96,596 Shares of Jacobs Solutions Inc. (NYSE:J)

LBP AM SA cut its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 83.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,939 shares of the company's stock after selling 96,596 shares during the quarter. LBP AM SA's holdings in Jacobs Solutions were worth $2,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. First Horizon Advisors Inc. lifted its holdings in Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock worth $32,000 after buying an additional 74 shares during the period. Larson Financial Group LLC lifted its stake in shares of Jacobs Solutions by 71.9% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after purchasing an additional 115 shares during the period. Quarry LP increased its position in Jacobs Solutions by 394.9% during the 3rd quarter. Quarry LP now owns 292 shares of the company's stock valued at $38,000 after buying an additional 233 shares in the last quarter. True Wealth Design LLC bought a new position in Jacobs Solutions during the 3rd quarter valued at approximately $44,000. Finally, Assetmark Inc. increased its position in Jacobs Solutions by 42.7% during the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after buying an additional 100 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on J shares. 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 report on Wednesday, February 5th. Benchmark lowered Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Citigroup reduced their target price on Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. StockNews.com started coverage on Jacobs Solutions in a report on Wednesday, December 4th. They issued a "hold" rating for the company. Finally, Truist Financial lifted their target price on Jacobs Solutions from $137.00 to $142.00 and gave the stock a "hold" rating in a report on Thursday, December 19th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $153.63.

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Jacobs Solutions Stock Performance

NYSE:J traded down $2.50 during mid-day trading on Thursday, hitting $121.75. 1,231,232 shares of the company traded hands, compared to its average volume of 698,305. The stock's fifty day moving average price is $131.19 and its 200-day moving average price is $137.10. Jacobs Solutions Inc. has a one year low of $118.71 and a one year high of $156.31. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The firm has a market cap of $14.92 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly 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 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 quarter in the previous year, the company posted $1.45 earnings per share. Jacobs Solutions's revenue for the quarter was up 4.4% on a year-over-year basis. Research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Friday, February 21st. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's payout ratio is currently 26.39%.

Jacobs Solutions declared that its board has authorized a share repurchase program on Tuesday, February 4th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the company to reacquire up to 9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership 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.