Swiss National Bank Has $46.90 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

Swiss National Bank reduced its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 5.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 351,000 shares of the company's stock after selling 20,800 shares during the period. Swiss National Bank owned about 0.29% of Jacobs Solutions worth $46,901,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. lifted its stake in Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock valued at $32,000 after purchasing an additional 74 shares during the last quarter. Larson Financial Group LLC raised its holdings in Jacobs Solutions by 71.9% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after acquiring an additional 115 shares during the period. Quarry LP raised its holdings in Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company's stock valued at $38,000 after acquiring an additional 233 shares during the period. True Wealth Design LLC bought a new position in Jacobs Solutions in the 3rd quarter valued at about $44,000. Finally, Assetmark Inc. raised its holdings in Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after acquiring an additional 100 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on J shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $152.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Citigroup lowered their target price on shares of 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 started coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They set a "hold" rating on the stock. Robert W. Baird lowered their target price on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $153.63.

Remove Ads

Jacobs Solutions Price Performance

Jacobs Solutions stock traded down $2.50 during mid-day trading on Thursday, reaching $121.75. The company had a trading volume of 1,231,232 shares, compared to its average volume of 858,628. Jacobs Solutions Inc. has a fifty-two week low of $110.95 and a fifty-two week high of $150.54. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. The company has a market cap of $14.92 billion, a P/E ratio of 25.10, a P/E/G ratio of 1.84 and a beta of 0.77. The business has a fifty day simple moving average of $131.19 and a 200 day simple moving average of $137.10.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $2.92 billion. During the same quarter last year, the business posted $1.45 earnings per share. The company's quarterly revenue was up 4.4% on a year-over-year basis. On average, equities research analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be given a $0.32 dividend. The ex-dividend date is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 1.05%. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's dividend payout ratio (DPR) is currently 26.39%.

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