Jacobs Solutions Inc. (NYSE:J) Shares Bought by Aviva PLC

Aviva PLC lifted its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 1,476.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 74,939 shares of the company’s stock after purchasing an additional 70,185 shares during the quarter. Aviva PLC owned about 0.06% of Jacobs Solutions worth $10,013,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in J. Geode Capital Management LLC raised its holdings in Jacobs Solutions by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 3,155,839 shares of the company’s stock worth $420,626,000 after purchasing an additional 10,174 shares during the last quarter. Ninety One UK Ltd boosted its position in shares of Jacobs Solutions by 29.2% in the 4th quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company’s stock worth $265,649,000 after buying an additional 449,161 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Jacobs Solutions by 9.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,809,207 shares of the company’s stock valued at $241,746,000 after acquiring an additional 157,086 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Jacobs Solutions by 9.6% during the 4th quarter. Bank of New York Mellon Corp now owns 896,004 shares of the company’s stock valued at $119,724,000 after acquiring an additional 78,284 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Jacobs Solutions by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 777,888 shares of the company’s stock worth $103,941,000 after acquiring an additional 17,372 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on J shares. Robert W. Baird cut their price target on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Citigroup cut their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Truist Financial decreased their price target on shares of Jacobs Solutions from $141.00 to $130.00 and set a “hold” rating on the stock in a research note on Tuesday. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $152.14.

Jacobs Solutions Stock Down 0.5 %

Shares of J opened at $110.52 on Wednesday. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $156.31. The company’s fifty day moving average is $125.64 and its two-hundred day moving average is $134.36. The firm has a market cap of $13.54 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 1.84 and a beta of 0.73. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41.

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

Jacobs Solutions announced that its Board of Directors has authorized a share repurchase program on Tuesday, February 4th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to repurchase up to 9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders 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 yield of 1.16%. 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 payout ratio is 26.39%.

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.