Jacobs Solutions Inc. (NYSE:J) Shares Sold by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. reduced its position in Jacobs Solutions Inc. (NYSE:J) by 14.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,495 shares of the company’s stock after selling 414 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Jacobs Solutions were worth $333,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of J. The Manufacturers Life Insurance Company raised its holdings in Jacobs Solutions by 0.3% in the third quarter. The Manufacturers Life Insurance Company now owns 81,302 shares of the company’s stock valued at $10,642,000 after acquiring an additional 266 shares in the last quarter. FMR LLC increased its position in shares of Jacobs Solutions by 3.9% in the 3rd quarter. FMR LLC now owns 79,358 shares of the company’s stock worth $10,388,000 after purchasing an additional 3,011 shares during the last quarter. Glenmede Trust Co. NA raised its stake in shares of Jacobs Solutions by 58.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,261 shares of the company’s stock valued at $820,000 after purchasing an additional 2,312 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of Jacobs Solutions by 412.3% during the third quarter. Public Sector Pension Investment Board now owns 24,105 shares of the company’s stock worth $3,155,000 after purchasing an additional 19,400 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Jacobs Solutions by 19.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 650,110 shares of the company’s stock worth $85,099,000 after purchasing an additional 107,849 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Trading Up 0.9 %

Jacobs Solutions stock opened at $122.02 on Wednesday. The firm has a 50-day moving average price of $128.63 and a two-hundred day moving average price of $135.63. Jacobs Solutions Inc. has a 52-week low of $118.67 and a 52-week high of $156.31. The firm has a market capitalization of $14.95 billion, a price-to-earnings ratio of 25.16, a PEG 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 (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 the consensus estimate of $1.29 by $0.04. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the previous year, the firm posted $1.45 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. Sell-side analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions declared that its board has initiated a stock repurchase plan on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the company to repurchase up to 9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, February 21st. Jacobs Solutions’s payout ratio is currently 26.39%.

Analyst Ratings Changes

A number of research analysts have commented on the company. StockNews.com assumed coverage on Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Citigroup lowered their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Finally, Robert W. Baird lowered 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 report on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $153.63.

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.