Jacobs Solutions Inc. (NYSE:J) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 41.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,887 shares of the company’s stock after acquiring an additional 14,497 shares during the period. Daiwa Securities Group Inc.’s holdings in Jacobs Solutions were worth $6,666,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in Jacobs Solutions by 4.3% in the third quarter. Principal Financial Group Inc. now owns 145,574 shares of the company’s stock valued at $19,056,000 after buying an additional 5,959 shares in the last quarter. Atria Investments Inc increased its stake in Jacobs Solutions by 86.8% in the 3rd quarter. Atria Investments Inc now owns 14,852 shares of the company’s stock valued at $1,944,000 after purchasing an additional 6,902 shares in the last quarter. Versor Investments LP purchased a new position in Jacobs Solutions in the 3rd quarter valued at approximately $406,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Jacobs Solutions by 0.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 347,932 shares of the company’s stock worth $45,544,000 after purchasing an additional 3,228 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new stake in Jacobs Solutions during the third quarter worth $709,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. StockNews.com initiated coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating for the company. Benchmark cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Robert W. Baird lowered their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. 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. Finally, Truist Financial increased their target price on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $155.89.

Jacobs Solutions Trading Down 1.0 %

Shares of Jacobs Solutions stock opened at $122.34 on Wednesday. Jacobs Solutions Inc. has a fifty-two week low of $110.95 and a fifty-two week high of $150.54. The business’s fifty day moving average is $132.49 and its two-hundred day moving average is $138.19. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The firm has a market cap of $14.99 billion, a PE ratio of 25.22, a P/E/G ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share 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 firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the prior year, the business posted $1.45 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

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

Jacobs Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.05%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. Jacobs Solutions’s payout ratio is presently 26.39%.

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.