Madison Investment Advisors LLC Takes Position in Jacobs Solutions Inc. (NYSE:J)

Madison Investment Advisors LLC bought a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,578 shares of the company's stock, valued at approximately $344,000.

Other institutional investors have also recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC boosted its position in shares of Jacobs Solutions by 11.8% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 383,993 shares of the company's stock valued at $51,309,000 after buying an additional 40,528 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Jacobs Solutions by 5.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 84,039 shares of the company's stock worth $11,229,000 after acquiring an additional 4,122 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Jacobs Solutions by 9.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 8,738 shares of the company's stock valued at $1,168,000 after purchasing an additional 748 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Jacobs Solutions by 14.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,580 shares of the company's stock valued at $345,000 after purchasing an additional 329 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Jacobs Solutions during the fourth quarter valued at about $211,000. Institutional investors and hedge funds own 85.65% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Citigroup decreased their price objective on shares of Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. StockNews.com began coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They set a "hold" rating for the company. Robert W. Baird cut their price objective on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $150.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $152.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Jacobs Solutions has a consensus rating of "Hold" and a consensus price target of $153.63.

Jacobs Solutions Stock Performance

Shares of J traded up $0.26 during trading hours on Wednesday, hitting $123.88. The company's stock had a trading volume of 913,327 shares, compared to its average volume of 711,443. The business has a 50 day simple moving average of $130.28 and a two-hundred day simple moving average of $136.37. Jacobs Solutions Inc. has a 52-week low of $118.71 and a 52-week high of $156.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $15.18 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last released 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 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%. Jacobs Solutions's revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.45 EPS. On average, equities analysts expect 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 was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were given 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 dividend yield of 1.03%. Jacobs Solutions's dividend payout ratio is currently 26.39%.

Jacobs Solutions declared that its Board of Directors has approved a stock buyback plan on Tuesday, February 4th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to repurchase up to 9% of its shares through open market purchases. Shares repurchase plans are often an indication 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.