Marco Investment Management LLC Boosts Stake in Jacobs Solutions Inc. (NYSE:J)

Marco Investment Management LLC boosted its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 35.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 51,815 shares of the company's stock after buying an additional 13,530 shares during the period. Marco Investment Management LLC's holdings in Jacobs Solutions were worth $6,924,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. First Horizon Advisors Inc. increased its stake 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 in the last quarter. Quarry LP grew its position in shares of Jacobs Solutions by 394.9% during the third quarter. Quarry LP now owns 292 shares of the company's stock valued at $38,000 after purchasing an additional 233 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Jacobs Solutions during the third quarter valued at about $42,000. True Wealth Design LLC purchased a new position in shares of Jacobs Solutions during the third quarter valued at about $44,000. Finally, Assetmark Inc. grew its position in shares of Jacobs Solutions by 42.7% during the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Trading Up 0.8 %

Shares of NYSE:J traded up $1.02 during trading hours on Friday, hitting $124.62. 977,644 shares of the company's stock traded hands, compared to its average volume of 841,019. Jacobs Solutions Inc. has a 1 year low of $110.95 and a 1 year high of $150.54. The business has a fifty day moving average price of $132.92 and a 200-day moving average price of $138.62. The firm has a market capitalization of $15.27 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25.

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Jacobs Solutions (NYSE:J - Get Free Report) last announced its 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 business earned $1.45 earnings per share. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. Equities analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Increases Dividend

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

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on J shares. Citigroup cut their price objective on Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Truist Financial boosted their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the stock a "hold" rating in a research note on Thursday, December 19th. StockNews.com began coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a "hold" rating on the stock. Benchmark cut Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $155.89.

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.