Jacobs Solutions Inc. (NYSE:J) Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. raised its position in Jacobs Solutions Inc. (NYSE:J) by 3.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,982 shares of the company’s stock after acquiring an additional 482 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Jacobs Solutions were worth $2,002,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of J. Ninety One UK Ltd boosted its holdings in Jacobs Solutions by 29.2% in the 4th quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company’s stock worth $265,649,000 after buying an additional 449,161 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in Jacobs Solutions by 15,913.6% in the 4th quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company’s stock worth $59,977,000 after buying an additional 446,057 shares during the last quarter. Sessa Capital IM L.P. acquired a new stake in Jacobs Solutions in the 3rd quarter worth about $46,168,000. Natixis Advisors LLC boosted its holdings in Jacobs Solutions by 138.9% in the 4th quarter. Natixis Advisors LLC now owns 479,452 shares of the company’s stock worth $64,065,000 after buying an additional 278,777 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Jacobs Solutions during the 4th quarter worth approximately $24,069,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on J. Royal Bank of Canada restated an “outperform” rating and set a $152.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 3rd. StockNews.com began coverage on Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating on the stock. Citigroup lowered their target price on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. The Goldman Sachs Group restated a “neutral” rating and set a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 10th. Finally, Truist Financial boosted their target price on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $153.63.

Jacobs Solutions Trading Down 2.0 %

J opened at $121.75 on Friday. Jacobs Solutions Inc. has a one year low of $118.71 and a one year high of $156.31. The stock has a market capitalization of $14.92 billion, a PE ratio of 25.10, a P/E/G ratio of 1.84 and a beta of 0.77. The business’s 50 day moving average price is $130.96 and its 200 day moving average price is $137.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25.

Jacobs Solutions (NYSE:J) 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 company 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 firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.45 earnings per share. As a group, equities research analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

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

Jacobs Solutions announced that its Board of Directors has initiated a share repurchase plan on Tuesday, February 4th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the company to buy up to 9% of its shares through open market purchases. Shares repurchase plans are typically 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.