Jacobs Solutions Inc. (NYSE:J) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 34.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,437 shares of the company's stock after acquiring an additional 2,949 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Jacobs Solutions were worth $1,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. 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 during the period. Quarry LP raised its stake in shares of Jacobs Solutions by 394.9% in the third quarter. Quarry LP now owns 292 shares of the company's stock valued at $38,000 after acquiring an additional 233 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Jacobs Solutions in the third quarter valued at $42,000. True Wealth Design LLC purchased a new stake in shares of Jacobs Solutions in the third quarter valued at $44,000. Finally, GAMMA Investing LLC raised its stake in shares of Jacobs Solutions by 55.8% in the third quarter. GAMMA Investing LLC now owns 405 shares of the company's stock valued at $53,000 after acquiring an additional 145 shares during the period. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock traded down $1.55 during midday trading on Friday, hitting $128.81. The company had a trading volume of 830,761 shares, compared to its average volume of 767,562. The stock has a market cap of $15.78 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 1.88 and a beta of 0.72. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The company has a fifty day simple moving average of $135.65 and a 200 day simple moving average of $140.57. Jacobs Solutions Inc. has a 12-month low of $110.95 and a 12-month high of $150.54.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.29 by $0.04. The firm 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% on a year-over-year basis. During the same period last year, the firm posted $1.45 EPS. As a group, analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders 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 dividend yield of 0.99%. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. Jacobs Solutions's payout ratio is 23.92%.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on J. 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 research note on Wednesday, January 29th. The Goldman Sachs Group restated a "neutral" rating and issued a $150.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 10th. Benchmark cut shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Robert W. Baird cut their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Finally, StockNews.com started coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They issued a "hold" rating on the stock. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $155.89.

Jacobs Solutions Company 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.