M. Kulyk & Associates LLC Acquires New Position in Jacobs Solutions Inc. (NYSE:J)

M. Kulyk & Associates LLC acquired a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,351 shares of the company's stock, valued at approximately $2,051,000.

A number of other large investors have also added to or reduced their stakes in the stock. Ninety One UK Ltd boosted its position in Jacobs Solutions by 29.2% during the fourth quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company's stock worth $265,649,000 after purchasing an additional 449,161 shares during the period. Proficio Capital Partners LLC boosted 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 worth $59,977,000 after purchasing an additional 446,057 shares during the period. Sessa Capital IM L.P. bought a new position in Jacobs Solutions during the third quarter worth about $46,168,000. Raymond James Financial Inc. bought a new position in Jacobs Solutions during the fourth quarter worth about $24,069,000. Finally, Soros Fund Management LLC grew its stake in Jacobs Solutions by 34.3% during the third quarter. Soros Fund Management LLC now owns 500,907 shares of the company's stock valued at $65,569,000 after acquiring an additional 127,874 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on J. Robert W. Baird lowered their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Truist Financial boosted their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a "hold" rating in a report on Thursday, December 19th. Citigroup lowered their price target on shares of 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 initiated coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They set a "hold" rating for the company. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $152.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $155.89.

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Jacobs Solutions Trading Down 0.7 %

NYSE J traded down $0.93 during trading on Monday, hitting $123.60. The company had a trading volume of 892,765 shares, compared to its average volume of 842,168. 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 one year low of $110.95 and a one year high of $150.54. The company has a market cap of $15.15 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The company's fifty day moving average is $132.72 and its 200-day moving average is $138.38.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.29 by $0.04. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.92 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The company's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.45 EPS. On average, sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be given a $0.32 dividend. The ex-dividend date is Friday, February 21st. This is an increase from Jacobs Solutions's previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.04%. Jacobs Solutions's dividend payout ratio is currently 26.39%.

Jacobs Solutions announced that its board has authorized a share 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 repurchase up to 9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its shares are 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.