Vanguard Group Inc. Has $1.86 Billion Stock Position in Jacobs Solutions Inc. (NYSE:J)

Vanguard Group Inc. increased its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 0.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,910,024 shares of the company’s stock after buying an additional 4,563 shares during the quarter. Vanguard Group Inc. owned 0.11% of Jacobs Solutions worth $1,858,657,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in J. Heritage Family Offices LLP increased its position in shares of Jacobs Solutions by 55.7% during the fourth quarter. Heritage Family Offices LLP now owns 14,912 shares of the company’s stock valued at $1,993,000 after acquiring an additional 5,332 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in Jacobs Solutions by 1.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company’s stock worth $1,305,000 after acquiring an additional 175 shares during the period. Occidental Asset Management LLC boosted its stake 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 acquiring an additional 2,619 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Jacobs Solutions by 12.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company’s stock worth $56,778,000 after purchasing an additional 47,211 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Jacobs Solutions in the 3rd quarter worth approximately $3,205,000. Institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

J has been the subject of a number of recent research reports. StockNews.com started coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They issued a “hold” rating for the company. Robert W. Baird cut their target price 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. Royal Bank of Canada reissued an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Truist Financial raised their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Finally, Citigroup lowered their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Jacobs Solutions has a consensus rating of “Hold” and a consensus price target of $153.63.

Jacobs Solutions Stock Up 0.2 %

J opened at $123.88 on Thursday. The firm has a market capitalization of $15.18 billion, a P/E ratio of 25.54, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a one year low of $118.71 and a one year high of $156.31. The company has a fifty day moving average price of $130.03 and a 200-day moving average price of $136.28. 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 (NYSE:J) 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. Equities research analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were paid a $0.32 dividend. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Friday, February 21st. Jacobs Solutions’s dividend payout ratio (DPR) is currently 26.39%.

Jacobs Solutions declared that its Board of Directors has initiated a stock repurchase program on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the company to purchase up to 9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

About Jacobs Solutions

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.