Jacobs Solutions Inc. (NYSE:J) Shares Purchased by Xponance Inc.

Xponance Inc. grew its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 132.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,514 shares of the company's stock after acquiring an additional 22,482 shares during the quarter. Xponance Inc.'s holdings in Jacobs Solutions were worth $5,280,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Heritage Family Offices LLP grew its stake in Jacobs Solutions by 55.7% during the 4th quarter. Heritage Family Offices LLP now owns 14,912 shares of the company's stock valued at $1,993,000 after purchasing an additional 5,332 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of Jacobs Solutions by 1.8% during the fourth quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company's stock worth $1,305,000 after purchasing an additional 175 shares during the period. Occidental Asset Management LLC boosted its position in Jacobs Solutions by 11.7% in the fourth quarter. Occidental Asset Management LLC now owns 25,045 shares of the company's stock valued at $3,347,000 after buying an additional 2,619 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in 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 buying an additional 47,211 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in Jacobs Solutions during the 3rd quarter worth approximately $3,205,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

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Jacobs Solutions Price Performance

NYSE J traded up $1.72 during trading hours on Monday, reaching $122.97. The company's stock had a trading volume of 1,301,010 shares, compared to its average volume of 709,890. 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 1-year low of $118.71 and a 1-year high of $156.31. The company's 50-day moving average is $130.74 and its two-hundred day moving average is $136.65. The firm has a market capitalization of $15.07 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.04. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.92 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The business's revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.45 EPS. On average, equities analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.04%. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's payout ratio is currently 26.39%.

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

Analyst Ratings Changes

J has been the topic of several recent research reports. Truist Financial upped their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a "hold" rating in a report on Thursday, December 19th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $150.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 10th. Royal Bank of Canada reissued an "outperform" rating and issued a $152.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 3rd. 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. Finally, Citigroup reduced their price target on Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $153.63.

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.