4,652 Shares in Jacobs Solutions Inc. (NYSE:J) Purchased by Sciencast Management LP

Sciencast Management LP acquired a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,652 shares of the company's stock, valued at approximately $622,000.

A number of other hedge funds have also recently bought and sold shares of J. Heritage Family Offices LLP raised its stake 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 buying an additional 5,332 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in shares of 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 last quarter. Occidental Asset Management LLC lifted its stake 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 purchasing an additional 2,619 shares during the period. JPMorgan Chase & Co. boosted its position 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 worth $56,778,000 after purchasing an additional 47,211 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Jacobs Solutions in the 3rd quarter worth $3,205,000. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Stock Up 0.2 %

Shares of NYSE:J traded up $0.26 during mid-day trading on Wednesday, reaching $123.88. 913,327 shares of the stock were exchanged, compared to its average volume of 711,909. The stock's 50 day simple moving average is $130.03 and its 200-day simple moving average is $136.28. Jacobs Solutions Inc. has a one year low of $118.71 and a one year high of $156.31. The company has a market cap of $15.18 billion, a P/E ratio of 25.54, a P/E/G ratio of 1.84 and a beta of 0.77. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41.

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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 net margin of 4.28% and a return on equity of 14.87%. The business had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.92 billion. During the same quarter in the prior year, the company posted $1.45 earnings per share. The firm's revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions declared that its Board of Directors has authorized a share 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 repurchase 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 declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were given a dividend of $0.32 per share. The ex-dividend date of this dividend was 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 yield of 1.03%. Jacobs Solutions's dividend payout ratio is 26.39%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. 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 note on Thursday, December 19th. Citigroup cut their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Robert W. Baird decreased their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Royal Bank of Canada reiterated an "outperform" rating and issued a $152.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $150.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 10th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Jacobs Solutions currently has an average rating of "Hold" and a consensus target price of $153.63.

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.