Jones Financial Companies Lllp Has $9 Million Position in Jacobs Solutions Inc. (NYSE:J)

Jones Financial Companies Lllp boosted its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 43.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,321 shares of the company’s stock after purchasing an additional 20,435 shares during the period. Jones Financial Companies Lllp owned about 0.05% of Jacobs Solutions worth $8,995,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in J. Geode Capital Management LLC raised its stake in shares of Jacobs Solutions by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,145,665 shares of the company’s stock worth $410,444,000 after purchasing an additional 73,566 shares in the last quarter. Ninety One UK Ltd raised its position in Jacobs Solutions by 29.2% during the fourth quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company’s stock valued at $265,649,000 after acquiring an additional 449,161 shares in the last quarter. Kovitz Investment Group Partners LLC raised its position in Jacobs Solutions by 3.2% during the third quarter. Kovitz Investment Group Partners LLC now owns 1,040,032 shares of the company’s stock valued at $143,263,000 after acquiring an additional 32,650 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Jacobs Solutions by 9.6% in the fourth quarter. Bank of New York Mellon Corp now owns 896,004 shares of the company’s stock valued at $119,724,000 after acquiring an additional 78,284 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Jacobs Solutions by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 760,516 shares of the company’s stock worth $99,552,000 after acquiring an additional 14,405 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on J. Robert W. Baird cut their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Citigroup cut 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. StockNews.com started coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating for the company. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Truist Financial upped their target price on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $155.89.

Jacobs Solutions Stock Down 2.4 %

Shares of J stock opened at $125.04 on Tuesday. The stock has a 50 day moving average of $133.88 and a 200-day moving average of $139.23. The firm has a market cap of $15.32 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 1.84 and a beta of 0.72. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. Jacobs Solutions Inc. has a 12 month low of $110.95 and a 12 month high of $150.54.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the prior year, the firm earned $1.45 EPS. The business’s revenue was up 4.4% on a year-over-year basis. On average, equities analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

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

Jacobs Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.02%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. Jacobs Solutions’s payout ratio is currently 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.