Jacobs Solutions Inc. (NYSE:J) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 75.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,865 shares of the company's stock after acquiring an additional 31,422 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.06% of Jacobs Solutions worth $9,736,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Perigon Wealth Management LLC lifted its position in Jacobs Solutions by 75.4% during the fourth quarter. Perigon Wealth Management LLC now owns 4,358 shares of the company's stock valued at $603,000 after acquiring an additional 1,873 shares during the last quarter. Lebenthal Global Advisors LLC lifted its holdings in shares of Jacobs Solutions by 11.6% during the 4th quarter. Lebenthal Global Advisors LLC now owns 5,049 shares of the company's stock valued at $675,000 after purchasing an additional 523 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Jacobs Solutions by 14.7% in the 4th quarter. Pacer Advisors Inc. now owns 10,754 shares of the company's stock worth $1,437,000 after buying an additional 1,375 shares during the period. United Asset Strategies Inc. raised its position in Jacobs Solutions by 19.9% during the 4th quarter. United Asset Strategies Inc. now owns 34,502 shares of the company's stock worth $4,610,000 after buying an additional 5,728 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in Jacobs Solutions during the 4th quarter valued at approximately $1,229,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Price Performance

NYSE J traded down $1.42 during mid-day trading on Wednesday, hitting $132.57. The stock had a trading volume of 1,506,948 shares, compared to its average volume of 772,228. The firm's 50 day moving average is $136.63 and its 200 day moving average is $141.19. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $16.44 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 2.11 and a beta of 0.72. 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 issued its earnings results on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.04. The business had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.92 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The company's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.45 earnings per share. Equities research analysts forecast that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Jacobs Solutions announced that its board has initiated a stock buyback program on Tuesday, February 4th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to purchase up to 9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be given a dividend of $0.32 per share. This is an increase from Jacobs Solutions's previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 0.97%. Jacobs Solutions's dividend payout ratio (DPR) is presently 18.33%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on J shares. Truist Financial boosted their target price on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a "hold" rating in a research report on Thursday, December 19th. Citigroup lowered their target price on Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. The Goldman Sachs Group reiterated a "neutral" rating and set a $150.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Royal Bank of Canada restated an "outperform" rating and issued a $152.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Finally, Benchmark lowered shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Jacobs Solutions presently has an average rating of "Moderate Buy" and a consensus target price 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.