B. Metzler seel. Sohn & Co. AG Has $1.26 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

B. Metzler seel. Sohn & Co. AG reduced its position in shares of Jacobs Solutions Inc. (NYSE:J) by 21.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,447 shares of the company’s stock after selling 2,582 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Jacobs Solutions were worth $1,262,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Avalon Trust Co bought a new position in shares of Jacobs Solutions in the fourth quarter valued at $33,000. Larson Financial Group LLC lifted its position in Jacobs Solutions by 71.9% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock valued at $37,000 after acquiring an additional 115 shares in the last quarter. Quarry LP lifted its position in Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after acquiring an additional 233 shares in the last quarter. Assetmark Inc. boosted its stake in Jacobs Solutions by 42.7% during the 4th quarter. Assetmark Inc. now owns 334 shares of the company’s stock valued at $45,000 after purchasing an additional 100 shares during the last quarter. Finally, Catalyst Capital Advisors LLC increased its holdings in Jacobs Solutions by 215.7% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company’s stock worth $49,000 after purchasing an additional 248 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

J has been the topic of several analyst reports. Robert W. Baird cut their target price on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $150.00 price objective on shares of Jacobs Solutions in a report 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 report on Wednesday, January 29th. Finally, Truist Financial upped their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and an average price target of $153.86.

Jacobs Solutions Stock Performance

NYSE J opened at $118.39 on Friday. The company has a market capitalization of $14.51 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 1.84 and a beta of 0.73. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. Jacobs Solutions Inc. has a 52-week low of $118.19 and a 52-week high of $156.31. The company has a 50-day simple moving average of $127.83 and a 200 day simple moving average of $135.44.

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, topping the consensus estimate of $1.29 by $0.04. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same quarter last year, the business posted $1.45 EPS. Jacobs Solutions’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Friday, February 21st. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s dividend payout ratio is currently 26.39%.

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

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.