US Bancorp DE Lowers Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

US Bancorp DE trimmed its stake in Jacobs Solutions Inc. (NYSE:J) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,944 shares of the company’s stock after selling 740 shares during the period. US Bancorp DE’s holdings in Jacobs Solutions were worth $4,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Bank OZK boosted its position in Jacobs Solutions by 4.1% in the 4th quarter. Bank OZK now owns 14,942 shares of the company’s stock valued at $1,997,000 after buying an additional 586 shares during the period. Tower Bridge Advisors raised its holdings in shares of Jacobs Solutions by 1.2% in the 4th quarter. Tower Bridge Advisors now owns 127,161 shares of the company’s stock valued at $16,991,000 after purchasing an additional 1,524 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Jacobs Solutions by 27.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 494 shares of the company’s stock valued at $66,000 after purchasing an additional 107 shares in the last quarter. Hahn Capital Management LLC raised its holdings in shares of Jacobs Solutions by 47.9% in the 4th quarter. Hahn Capital Management LLC now owns 77,322 shares of the company’s stock valued at $10,332,000 after purchasing an additional 25,036 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in shares of Jacobs Solutions by 3.6% in the 4th quarter. QRG Capital Management Inc. now owns 69,039 shares of the company’s stock valued at $9,225,000 after purchasing an additional 2,431 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on J shares. Truist Financial boosted their price target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a report on Thursday, December 19th. The Goldman Sachs Group restated a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 10th. Benchmark lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Citigroup reduced their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, Robert W. Baird reduced their price objective 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. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $155.89.

Jacobs Solutions Stock Up 1.4 %

NYSE:J opened at $124.44 on Thursday. The company has a market cap of $15.25 billion, a PE ratio of 25.66, a P/E/G ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a twelve month low of $110.95 and a twelve month high of $150.54. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. The company’s 50 day moving average is $133.38 and its two-hundred day moving average is $138.96.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.04. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.92 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. Jacobs Solutions’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.45 EPS. Analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The business 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 dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.03%. The ex-dividend date is Friday, February 21st. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s payout ratio is currently 26.39%.

Jacobs Solutions announced that its board has authorized a stock repurchase program on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management 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.