Thrivent Financial for Lutherans Sells 8,337 Shares of Jacobs Solutions Inc. (NYSE:J)

Thrivent Financial for Lutherans trimmed its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 528,678 shares of the company's stock after selling 8,337 shares during the quarter. Thrivent Financial for Lutherans owned 0.43% of Jacobs Solutions worth $70,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in Jacobs Solutions by 14.2% during the fourth quarter. Signaturefd LLC now owns 1,157 shares of the company's stock worth $155,000 after acquiring an additional 144 shares during the period. Cibc World Markets Corp raised its stake in shares of Jacobs Solutions by 15.2% during the 4th quarter. Cibc World Markets Corp now owns 19,602 shares of the company's stock worth $2,619,000 after purchasing an additional 2,588 shares during the period. Clayton Partners LLC boosted its holdings in shares of Jacobs Solutions by 13.6% in the 4th quarter. Clayton Partners LLC now owns 30,167 shares of the company's stock worth $4,031,000 after buying an additional 3,622 shares during the last quarter. Gitterman Wealth Management LLC grew its position in Jacobs Solutions by 14.1% during the fourth quarter. Gitterman Wealth Management LLC now owns 2,888 shares of the company's stock valued at $386,000 after buying an additional 356 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its position in Jacobs Solutions by 3.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,982 shares of the company's stock valued at $2,002,000 after buying an additional 482 shares during the period. Institutional investors own 85.65% of the company's stock.

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Analyst Ratings Changes

J has been the topic of a number of research analyst reports. StockNews.com assumed coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They issued a "hold" rating on the stock. The Goldman Sachs Group reissued a "neutral" rating and set a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 10th. Robert W. Baird lowered their target price on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Truist Financial increased their price target on Jacobs Solutions from $137.00 to $142.00 and gave the stock a "hold" rating in a research note on Thursday, December 19th. Finally, Citigroup lowered their price objective 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. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Jacobs Solutions presently has an average rating of "Hold" and a consensus target price of $153.63.

Jacobs Solutions Price Performance

Shares of J traded down $0.67 during mid-day trading on Friday, reaching $121.23. 2,533,639 shares of the stock traded hands, compared to its average volume of 707,517. The company has a market cap of $14.86 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 1 year low of $118.71 and a 1 year high of $156.31. The firm has a fifty day moving average price of $130.74 and a 200 day moving average price of $136.72. 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 posted 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 return on equity of 14.87% and a net margin of 4.28%. The business had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.92 billion. During the same period in the previous year, the business earned $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 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The company also recently declared 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 is an increase from Jacobs Solutions's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 1.06%. Jacobs Solutions's dividend payout ratio (DPR) is presently 26.39%.

Jacobs Solutions declared that its board has approved a stock 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 purchase up to 9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is 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.