Jacobs Solutions Inc. (NYSE:J) Shares Purchased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd grew its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 29.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,911 shares of the company’s stock after purchasing an additional 3,813 shares during the period. UniSuper Management Pty Ltd’s holdings in Jacobs Solutions were worth $2,260,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of J. Avalon Trust Co bought a new stake in shares of Jacobs Solutions in the 4th quarter worth $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 valued at $37,000 after buying an additional 115 shares in the last quarter. Quarry LP increased its position 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 acquiring an additional 233 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of Jacobs Solutions in the third quarter worth approximately $44,000. Finally, Assetmark Inc. boosted its stake in Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company’s stock worth $45,000 after purchasing an additional 100 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Trading Down 1.8 %

Shares of J stock opened at $121.25 on Monday. The firm has a market capitalization of $14.86 billion, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 1 year low of $118.71 and a 1 year high of $156.31. The firm’s fifty day simple moving average is $129.38 and its 200 day simple moving average is $135.94. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 EPS 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 business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same quarter in the prior year, the business earned $1.45 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were paid a dividend of $0.32 per share. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date was Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 1.06%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 26.39%.

Jacobs Solutions declared that its board has approved a stock buyback program on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the company to reacquire up to 9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on J shares. Citigroup reduced their price objective on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Truist Financial boosted their target price on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Robert W. Baird dropped their price objective on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. StockNews.com initiated coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They issued a “hold” rating for the company. Finally, 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. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Jacobs Solutions has a consensus rating of “Hold” and a consensus price target of $153.63.

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.