Vanguard Group Inc. Acquires 4,563 Shares of Jacobs Solutions Inc. (NYSE:J)

Vanguard Group Inc. raised its holdings in Jacobs Solutions Inc. (NYSE:J) by 0.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,910,024 shares of the company’s stock after purchasing an additional 4,563 shares during the quarter. Vanguard Group Inc. owned 11.35% of Jacobs Solutions worth $1,858,657,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Heritage Family Offices LLP increased its position in Jacobs Solutions by 55.7% during the 4th quarter. Heritage Family Offices LLP now owns 14,912 shares of the company’s stock worth $1,993,000 after purchasing an additional 5,332 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of Jacobs Solutions by 1.8% during the fourth quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company’s stock worth $1,305,000 after buying an additional 175 shares in the last quarter. Occidental Asset Management LLC lifted its stake in shares of Jacobs Solutions by 11.7% in the 4th quarter. Occidental Asset Management LLC now owns 25,045 shares of the company’s stock valued at $3,347,000 after acquiring an additional 2,619 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Jacobs Solutions by 12.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company’s stock valued at $56,778,000 after acquiring an additional 47,211 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Jacobs Solutions in the 3rd quarter worth about $3,205,000. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

J stock opened at $123.88 on Thursday. Jacobs Solutions Inc. has a 1-year low of $118.71 and a 1-year high of $156.31. 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 stock has a 50-day moving average price of $130.03 and a 200-day moving average price of $136.28. The firm has a market cap of $15.18 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77.

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

Jacobs Solutions declared that its Board of Directors has initiated a stock repurchase program on Tuesday, February 4th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the company to buy up to 9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.03%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date was Friday, February 21st. Jacobs Solutions’s dividend payout ratio (DPR) is presently 26.39%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Royal Bank of Canada restated an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Robert W. Baird decreased their price target 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. Truist Financial lifted their price target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. The Goldman Sachs Group restated a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 10th. Finally, StockNews.com assumed coverage on Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Jacobs Solutions currently has an average 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.