TCW Group Inc. Has $2.98 Million Position in Jacobs Solutions Inc. (NYSE:J)

TCW Group Inc. boosted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 43.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 22,312 shares of the company’s stock after acquiring an additional 6,743 shares during the period. TCW Group Inc.’s holdings in Jacobs Solutions were worth $2,981,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Raymond James & Associates increased its stake in shares of Jacobs Solutions by 23.2% in the 3rd quarter. Raymond James & Associates now owns 134,789 shares of the company’s stock valued at $17,644,000 after acquiring an additional 25,354 shares during the last quarter. Private Advisor Group LLC increased its stake in Jacobs Solutions by 9.9% in the third quarter. Private Advisor Group LLC now owns 13,447 shares of the company’s stock valued at $1,760,000 after purchasing an additional 1,210 shares in the last quarter. International Assets Investment Management LLC increased its stake in Jacobs Solutions by 12,990.4% in the third quarter. International Assets Investment Management LLC now owns 13,614 shares of the company’s stock valued at $1,782,000 after purchasing an additional 13,510 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Jacobs Solutions by 9.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 7,765 shares of the company’s stock worth $1,016,000 after purchasing an additional 684 shares during the period. Finally, IFM Investors Pty Ltd boosted its position in shares of Jacobs Solutions by 57.3% during the third quarter. IFM Investors Pty Ltd now owns 22,603 shares of the company’s stock worth $2,959,000 after purchasing an additional 8,230 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on J shares. 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. Citigroup lowered their price target on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. The Goldman Sachs Group reiterated a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Finally, Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $155.89.

Jacobs Solutions Trading Down 0.8 %

NYSE J opened at $129.12 on Monday. Jacobs Solutions Inc. has a 52 week low of $110.95 and a 52 week high of $150.54. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. The stock’s 50 day moving average price is $134.83 and its two-hundred day moving average price is $139.95. The stock has a market capitalization of $15.82 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.84 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.92 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 earnings per share. As a group, analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions announced that its board has initiated a share repurchase plan on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.99%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, February 21st. Jacobs Solutions’s dividend payout ratio is currently 23.92%.

Jacobs Solutions Company 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.