Grantham Mayo Van Otterloo & Co. LLC Invests $2.20 Million in Jacobs Solutions Inc. (NYSE:J)

Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of Jacobs Solutions Inc. (NYSE:J) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 16,497 shares of the company’s stock, valued at approximately $2,204,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Avalon Trust Co acquired a new stake in Jacobs Solutions in the 4th quarter worth approximately $33,000. Larson Financial Group LLC raised its position in shares of Jacobs Solutions by 71.9% in the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock valued at $37,000 after purchasing an additional 115 shares during the period. Quarry LP lifted its stake in shares of Jacobs Solutions by 394.9% in the third quarter. Quarry LP now owns 292 shares of the company’s stock worth $38,000 after buying an additional 233 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Jacobs Solutions by 42.7% during the 4th quarter. Assetmark Inc. now owns 334 shares of the company’s stock worth $45,000 after buying an additional 100 shares during the period. Finally, Catalyst Capital Advisors LLC grew its stake in Jacobs Solutions by 215.7% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company’s stock valued at $49,000 after buying an additional 248 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

J has been the subject of a number of recent analyst reports. Robert W. Baird decreased their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. 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. Truist Financial upped their price target on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $153.86.

Jacobs Solutions Stock Down 0.4 %

J opened at $110.97 on Tuesday. The firm’s fifty day moving average price is $126.71 and its two-hundred day moving average price is $134.79. The company has a market capitalization of $13.60 billion, a P/E ratio of 22.88, a P/E/G ratio of 1.84 and a beta of 0.73. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $156.31. 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 quarterly earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.04. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.92 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.45 earnings per share. On average, analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 4th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to buy up to 9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The business also recently declared 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 a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date was Friday, February 21st. This represents a $1.28 annualized dividend and a yield of 1.15%. Jacobs Solutions’s payout ratio is currently 26.39%.

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.