Ensign Peak Advisors Inc Has $7.09 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

Ensign Peak Advisors Inc lifted its holdings in Jacobs Solutions Inc. (NYSE:J) by 21.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,086 shares of the company’s stock after acquiring an additional 9,397 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Jacobs Solutions were worth $7,093,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC boosted its position in Jacobs Solutions by 31.7% in the 3rd quarter. Barclays PLC now owns 312,700 shares of the company’s stock valued at $40,933,000 after buying an additional 75,318 shares during the last quarter. Principal Financial Group Inc. boosted its position in Jacobs Solutions by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 145,574 shares of the company’s stock valued at $19,056,000 after buying an additional 5,959 shares during the last quarter. Czech National Bank boosted its position in Jacobs Solutions by 5.6% in the 4th quarter. Czech National Bank now owns 26,940 shares of the company’s stock valued at $3,600,000 after buying an additional 1,433 shares during the last quarter. Fiduciary Alliance LLC bought a new position in Jacobs Solutions in the 4th quarter valued at $1,163,000. Finally, Tlwm boosted its position in Jacobs Solutions by 2.8% in the 4th quarter. Tlwm now owns 6,120 shares of the company’s stock valued at $818,000 after buying an additional 169 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Jacobs Solutions Stock Performance

J opened at $127.15 on Wednesday. The business’s 50-day moving average price is $120.61 and its two-hundred day moving average price is $130.62. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $156.31. The company has a market capitalization of $15.28 billion, a price-to-earnings ratio of 26.22, a P/E/G ratio of 1.84 and a beta of 0.77. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25.

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

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

Jacobs Solutions Dividend Announcement

The company 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 $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions’s dividend payout ratio is 35.26%.

Jacobs Solutions 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.