Quantinno Capital Management LP Acquires 41,045 Shares of Jacobs Solutions Inc. (NYSE:J)

Quantinno Capital Management LP boosted its holdings in Jacobs Solutions Inc. (NYSE:J) by 149.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 68,582 shares of the company’s stock after buying an additional 41,045 shares during the period. Quantinno Capital Management LP’s holdings in Jacobs Solutions were worth $9,164,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Colonial Trust Co SC raised its holdings in Jacobs Solutions by 10,250.0% during the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company’s stock worth $28,000 after purchasing an additional 205 shares during the last quarter. Avalon Trust Co bought a new position in Jacobs Solutions during the 4th quarter worth approximately $33,000. Larson Financial Group LLC raised its holdings in Jacobs Solutions by 71.9% during the 4th 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. Assetmark Inc. raised its holdings in Jacobs Solutions by 42.7% during 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 last quarter. Finally, Optiver Holding B.V. raised its holdings in Jacobs Solutions by 113.8% during the 4th quarter. Optiver Holding B.V. now owns 357 shares of the company’s stock worth $48,000 after purchasing an additional 190 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on J shares. Robert W. Baird lowered their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Truist Financial lifted their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a “hold” rating in a research note on Monday. Citigroup lowered their price objective on shares of Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Royal Bank of Canada lifted their price objective on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Finally, UBS Group lowered their price objective on shares of Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $150.86.

Jacobs Solutions Stock Performance

Shares of J stock opened at $128.74 on Friday. The firm has a market capitalization of $15.47 billion, a PE ratio of 26.54, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The firm has a fifty day simple moving average of $120.74 and a two-hundred day simple moving average of $130.51. 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 Inc. has a 12 month low of $106.23 and a 12 month high of $156.31.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $3 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. Jacobs Solutions’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.91 EPS. Analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 0.99%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 35.26%.

Jacobs Solutions announced that its Board of Directors has approved a share buyback plan on Tuesday, February 4th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to reacquire up to 9% of its stock through open market purchases. Stock buyback plans are generally a sign 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.