Vontobel Holding Ltd. Has $6.19 Million Stock Position in Jacobs Solutions Inc. (NYSE:J)

Vontobel Holding Ltd. lifted its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 69.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,294 shares of the company's stock after buying an additional 18,952 shares during the quarter. Vontobel Holding Ltd.'s holdings in Jacobs Solutions were worth $6,186,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. raised its position in shares of Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock valued at $32,000 after buying an additional 74 shares in the last quarter. Quarry LP raised its position in shares of Jacobs Solutions by 394.9% in the third quarter. Quarry LP now owns 292 shares of the company's stock valued at $38,000 after buying an additional 233 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Jacobs Solutions in the third quarter valued at approximately $42,000. True Wealth Design LLC acquired a new stake in shares of Jacobs Solutions in the third quarter valued at approximately $44,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Jacobs Solutions in the fourth quarter valued at approximately $65,000. Institutional investors own 85.65% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on J shares. Citigroup dropped their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Robert W. Baird lowered their price objective 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. Truist Financial boosted their price objective 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. The Goldman Sachs Group restated a "neutral" rating and set a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $152.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $155.89.

Jacobs Solutions Trading Down 0.1 %

Shares of Jacobs Solutions stock traded down $0.12 during trading on Wednesday, hitting $130.31. The company's stock had a trading volume of 668,765 shares, compared to its average volume of 770,755. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. Jacobs Solutions Inc. has a 52 week low of $110.95 and a 52 week high of $150.54. The stock has a market cap of $15.97 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 1.82 and a beta of 0.72. The stock has a 50-day moving average price of $135.21 and a two-hundred day moving average price of $140.17.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly 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 for the quarter, compared to analysts' expectations of $2.92 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The business's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 earnings per share. Equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions announced that its Board of Directors has approved a share buyback plan on Tuesday, February 4th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to buy up to 9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be given a dividend of $0.32 per share. The ex-dividend date is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 0.98%. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's dividend payout ratio is 23.92%.

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.