QRG Capital Management Inc. Raises Holdings in Jacobs Solutions Inc. (NYSE:J)

QRG Capital Management Inc. grew its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 3.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 69,039 shares of the company's stock after buying an additional 2,431 shares during the period. QRG Capital Management Inc. owned approximately 0.06% of Jacobs Solutions worth $9,225,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Heritage Family Offices LLP boosted 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 valued at $1,993,000 after buying an additional 5,332 shares during the last quarter. Stratos Wealth Partners LTD. lifted its stake in Jacobs Solutions by 1.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company's stock valued at $1,305,000 after acquiring an additional 175 shares during the period. Occidental Asset Management LLC lifted its stake in Jacobs Solutions by 11.7% during 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 period. JPMorgan Chase & Co. boosted its holdings 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 valued at $56,778,000 after acquiring an additional 47,211 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Jacobs Solutions in the third quarter worth approximately $3,205,000. Institutional investors own 85.65% of the company's stock.

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Jacobs Solutions Stock Performance

Jacobs Solutions stock traded down $3.07 during midday trading on Monday, hitting $125.04. The stock had a trading volume of 772,752 shares, compared to its average volume of 823,873. Jacobs Solutions Inc. has a 52-week low of $110.95 and a 52-week high of $150.54. The company has a market capitalization of $15.32 billion, a PE ratio of 25.78, a P/E/G ratio of 1.84 and a beta of 0.72. The firm's fifty day moving average is $134.08 and its two-hundred day moving average is $139.38. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.04. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The firm had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.92 billion. During the same period in the prior year, the company posted $1.45 earnings per share. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. On average, research analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions declared that its board has authorized a stock buyback program on Tuesday, February 4th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the company to repurchase up to 9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be paid a $0.32 dividend. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.02%. Jacobs Solutions's dividend payout ratio is 26.39%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on J shares. Royal Bank of Canada restated an "outperform" rating and set a $152.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Citigroup lowered 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. Benchmark lowered Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. The Goldman Sachs Group reissued a "neutral" rating and issued a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 10th. Finally, Robert W. Baird dropped their target price on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus 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.