Mizuho Securities USA LLC Increases Stock Position in Jacobs Solutions Inc. (NYSE:J)

Mizuho Securities USA LLC grew its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 45.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,776 shares of the company's stock after buying an additional 3,657 shares during the quarter. Mizuho Securities USA LLC's holdings in Jacobs Solutions were worth $1,574,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Heritage Family Offices LLP raised its stake in Jacobs Solutions by 55.7% in the 4th quarter. Heritage Family Offices LLP now owns 14,912 shares of the company's stock valued at $1,993,000 after acquiring an additional 5,332 shares during the period. Stratos Wealth Partners LTD. raised its position in shares of Jacobs Solutions by 1.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company's stock valued at $1,305,000 after purchasing an additional 175 shares during the period. Occidental Asset Management LLC raised its position in shares of Jacobs Solutions by 11.7% in the fourth quarter. Occidental Asset Management LLC now owns 25,045 shares of the company's stock valued at $3,347,000 after purchasing an additional 2,619 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Jacobs Solutions by 12.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company's stock worth $56,778,000 after buying an additional 47,211 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Jacobs Solutions during the 3rd quarter worth about $3,205,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analyst Upgrades and Downgrades

J has been the topic of several recent research reports. Citigroup lowered their price objective on Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Royal Bank of Canada restated an "outperform" rating and set a $152.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Robert W. Baird dropped their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Finally, StockNews.com began coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They set a "hold" rating on the stock. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $153.63.

Jacobs Solutions Stock Down 1.8 %

Shares of NYSE:J traded down $2.19 during midday trading on Friday, hitting $121.25. 511,113 shares of the company's stock were exchanged, compared to its average volume of 752,171. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. Jacobs Solutions Inc. has a 12 month low of $118.71 and a 12 month high of $156.31. The company has a market cap of $14.86 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The stock has a 50 day moving average price of $129.38 and a 200-day moving average price of $135.98.

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 analysts' consensus estimates of $1.29 by $0.04. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period in the previous year, the company posted $1.45 EPS. The company's revenue for the quarter was up 4.4% on a year-over-year basis. On average, sell-side analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions announced that its board has approved a share repurchase program on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The firm also recently announced 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 of this dividend was Friday, February 21st. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 1.06%. Jacobs Solutions's dividend payout ratio (DPR) is currently 26.39%.

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.