National Pension Service Sells 3,300 Shares of Jacobs Solutions Inc. (NYSE:J)

National Pension Service reduced its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 207,147 shares of the company's stock after selling 3,300 shares during the quarter. National Pension Service owned 0.17% of Jacobs Solutions worth $27,679,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of J. Geode Capital Management LLC raised its position in shares of Jacobs Solutions by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,145,665 shares of the company's stock worth $410,444,000 after purchasing an additional 73,566 shares during the last quarter. Ninety One UK Ltd increased its position in Jacobs Solutions by 29.2% during the fourth quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company's stock valued at $265,649,000 after acquiring an additional 449,161 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in Jacobs Solutions by 3.2% in the third quarter. Kovitz Investment Group Partners LLC now owns 1,040,032 shares of the company's stock valued at $143,263,000 after acquiring an additional 32,650 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Jacobs Solutions by 9.6% during the 4th quarter. Bank of New York Mellon Corp now owns 896,004 shares of the company's stock valued at $119,724,000 after purchasing an additional 78,284 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Jacobs Solutions by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 760,516 shares of the company's stock valued at $99,552,000 after buying an additional 14,405 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

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

Jacobs Solutions Trading Up 1.4 %

J stock traded up $1.72 on Wednesday, hitting $124.44. 890,031 shares of the company were exchanged, compared to its average volume of 836,584. The stock has a market capitalization of $15.25 billion, a price-to-earnings ratio of 25.66, 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. The business's fifty day moving average is $133.38 and its two-hundred day moving average is $138.96. Jacobs Solutions Inc. has a twelve month low of $110.95 and a twelve month high of $150.54.

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 (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.04. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 earnings per share. As a group, research analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

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

Jacobs Solutions Increases Dividend

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

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.