Jacobs Solutions Inc. (NYSE:J) Holdings Lifted by Natixis Advisors LLC

Natixis Advisors LLC boosted its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 138.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 479,452 shares of the company's stock after purchasing an additional 278,777 shares during the quarter. Natixis Advisors LLC owned approximately 0.39% of Jacobs Solutions worth $64,065,000 at the end of the most recent quarter.

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

Remove Ads

Analyst Ratings Changes

J has been the subject of a number of research reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $152.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Robert W. Baird lowered their price objective 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. Citigroup dropped their price objective 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. Truist Financial lifted their target price on Jacobs Solutions from $137.00 to $142.00 and gave the company a "hold" rating in a research note on Thursday, December 19th. Finally, Benchmark cut Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of "Hold" and a consensus price target of $153.63.

Jacobs Solutions Stock Performance

J stock traded down $2.50 on Thursday, reaching $121.75. The company's stock had a trading volume of 1,247,176 shares, compared to its average volume of 698,305. Jacobs Solutions Inc. has a 52 week low of $118.71 and a 52 week high of $156.31. 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 company has a market capitalization of $14.92 billion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The firm has a fifty day moving average of $131.19 and a two-hundred day moving average of $137.10.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings results 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 analysts' expectations of $2.92 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.45 earnings per share. As a group, analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, February 21st. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 1.05%. Jacobs Solutions's dividend payout ratio (DPR) is 26.39%.

Jacobs Solutions announced that its Board of Directors has approved a stock buyback program on Tuesday, February 4th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to buy up to 9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors 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.