TD Waterhouse Canada Inc. Purchases 13,437 Shares of Jacobs Solutions Inc. (NYSE:J)

TD Waterhouse Canada Inc. increased its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 132.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,615 shares of the company's stock after acquiring an additional 13,437 shares during the period. TD Waterhouse Canada Inc.'s holdings in Jacobs Solutions were worth $3,155,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of J. Barclays PLC increased its stake in shares of Jacobs Solutions by 31.7% during the third quarter. Barclays PLC now owns 312,700 shares of the company's stock valued at $40,933,000 after buying an additional 75,318 shares during the period. Virtu Financial LLC raised its holdings in Jacobs Solutions by 151.2% in the 3rd quarter. Virtu Financial LLC now owns 4,675 shares of the company's stock worth $612,000 after purchasing an additional 2,814 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake in shares of Jacobs Solutions by 3.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 20,851 shares of the company's stock valued at $2,729,000 after purchasing an additional 630 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Jacobs Solutions during the third quarter valued at about $3,205,000. Finally, Tidal Investments LLC boosted its position in Jacobs Solutions by 3.5% during the 3rd quarter. Tidal Investments LLC now owns 24,440 shares of the company's stock valued at $3,199,000 after acquiring an additional 829 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup decreased their target price on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research note on Friday. Truist Financial reduced their price target on shares of Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Finally, Robert W. Baird reduced their price target 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. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Jacobs Solutions has an average rating of "Moderate Buy" and an average target price of $150.86.

Jacobs Solutions Price Performance

Shares of NYSE J traded up $0.97 during mid-day trading on Monday, hitting $122.54. 405,768 shares of the company's stock traded hands, compared to its average volume of 782,562. The company has a market capitalization of $15.02 billion, a P/E ratio of 25.27, a PEG ratio of 1.84 and a beta of 0.73. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year 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's 50-day moving average is $121.30 and its two-hundred day moving average is $132.00.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.04. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate 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 previous year, the company posted $1.45 EPS. On average, equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Friday, February 21st. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's payout ratio is 26.39%.

Jacobs Solutions declared that its board has initiated a share buyback plan on Tuesday, February 4th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to buy up to 9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

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.