Cerity Partners LLC Acquires 364 Shares of Jacobs Solutions Inc. (NYSE:J)

Cerity Partners LLC boosted its stake in Jacobs Solutions Inc. (NYSE:J) by 0.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 81,981 shares of the company’s stock after buying an additional 364 shares during the period. Cerity Partners LLC’s holdings in Jacobs Solutions were worth $10,918,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ninety One UK Ltd lifted its position in Jacobs Solutions by 29.2% during 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 in the last quarter. Proficio Capital Partners LLC boosted its position in shares of Jacobs Solutions by 15,913.6% during the fourth quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company’s stock worth $59,977,000 after purchasing an additional 446,057 shares in the last quarter. Natixis Advisors LLC grew its stake in Jacobs Solutions by 138.9% in the fourth quarter. Natixis Advisors LLC now owns 479,452 shares of the company’s stock valued at $64,065,000 after acquiring an additional 278,777 shares during the period. National Bank of Canada FI grew its position in shares of Jacobs Solutions by 956.8% in the 4th quarter. National Bank of Canada FI now owns 264,824 shares of the company’s stock valued at $35,386,000 after purchasing an additional 239,764 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Jacobs Solutions in the fourth quarter valued at approximately $24,069,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on J. 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 research note on Wednesday, February 5th. Citigroup reduced their price target on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, Truist Financial decreased their price objective on shares of Jacobs Solutions from $141.00 to $130.00 and set a “hold” rating on the stock in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Jacobs Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $152.14.

Jacobs Solutions Trading Down 3.2 %

Shares of J stock opened at $114.74 on Friday. 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 Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $156.31. The stock has a 50 day simple moving average of $124.30 and a two-hundred day simple moving average of $133.79. The company has a market cap of $14.06 billion, a P/E ratio of 23.66, a PEG ratio of 1.84 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period last year, the firm earned $1.45 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

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 issued 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 dividend yield of 1.12%. The ex-dividend date was Friday, February 21st. Jacobs Solutions’s payout ratio is 26.39%.

Jacobs Solutions announced that its Board of Directors has approved a share buyback plan on Tuesday, February 4th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to purchase up to 9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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.