Barrow Hanley Mewhinney & Strauss LLC Has $331.09 Million Position in Jacobs Solutions Inc. (NYSE:J)

Barrow Hanley Mewhinney & Strauss LLC cut its stake in Jacobs Solutions Inc. (NYSE:J) by 23.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,477,855 shares of the company’s stock after selling 746,118 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 2.02% of Jacobs Solutions worth $331,091,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Avalon Trust Co acquired a new stake in shares of Jacobs Solutions during the 4th quarter worth approximately $33,000. Larson Financial Group LLC lifted its stake in Jacobs Solutions by 71.9% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock worth $37,000 after purchasing an additional 115 shares during the last quarter. Quarry LP boosted its holdings in shares of Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after purchasing an additional 233 shares in the last quarter. True Wealth Design LLC bought a new position in shares of Jacobs Solutions in the 3rd quarter valued at $44,000. Finally, Assetmark Inc. raised 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 in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on J shares. StockNews.com started coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating on the stock. Citigroup decreased their price target 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. Royal Bank of Canada reissued an “outperform” rating and issued a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Robert W. Baird decreased their target price on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $153.63.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock opened at $121.25 on Friday. The stock has a market cap of $14.86 billion, a price-to-earnings ratio of 25.00, a P/E/G ratio of 1.84 and a beta of 0.77. 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 twelve month low of $118.71 and a twelve month high of $156.31. The company’s fifty day moving average is $129.38 and its 200 day moving average is $135.98.

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

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Friday, February 21st. Jacobs Solutions’s dividend payout ratio is currently 26.39%.

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