National Bank of Canada FI Purchases 239,764 Shares of Jacobs Solutions Inc. (NYSE:J)

National Bank of Canada FI lifted its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 956.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 264,824 shares of the company's stock after buying an additional 239,764 shares during the period. National Bank of Canada FI owned approximately 0.22% of Jacobs Solutions worth $35,386,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Franklin Resources Inc. grew its position in Jacobs Solutions by 7.3% in the fourth quarter. Franklin Resources Inc. now owns 9,290 shares of the company's stock worth $1,241,000 after buying an additional 628 shares during the last quarter. Cannell & Spears LLC purchased a new position in Jacobs Solutions during the 4th quarter valued at about $5,271,000. Alliancebernstein L.P. increased its stake in shares of Jacobs Solutions by 7.0% in the fourth quarter. Alliancebernstein L.P. now owns 153,063 shares of the company's stock worth $20,452,000 after acquiring an additional 10,043 shares during the last quarter. Wellington Management Group LLP increased its holdings in Jacobs Solutions by 12.9% in the fourth quarter. Wellington Management Group LLP now owns 284,247 shares of the company's stock worth $37,981,000 after buying an additional 32,515 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of Jacobs Solutions by 15.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,807 shares of the company's stock valued at $1,578,000 after purchasing an additional 1,553 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Wall Street Analyst Weigh In

J has been the subject of several research analyst reports. 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 target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a "hold" rating in a report on Thursday, December 19th. The Goldman Sachs Group reissued a "neutral" rating and issued a $150.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Finally, Robert W. Baird decreased their price objective on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $153.86.

Jacobs Solutions Price Performance

Shares of J traded down $3.12 on Monday, hitting $108.33. The company's stock had a trading volume of 307,200 shares, compared to its average volume of 877,226. The company has a market capitalization of $13.28 billion, a PE ratio of 22.27, a PEG ratio of 1.84 and a beta of 0.73. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $150.54. The company has a 50 day moving average price of $127.24 and a 200 day moving average price of $135.07. 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 (NYSE:J - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, topping 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 company had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.92 billion. During the same quarter in the prior year, the business earned $1.45 earnings per share. The business's revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The business 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.18%. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, February 21st. Jacobs Solutions's dividend payout ratio is presently 26.39%.

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

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.