Royal London Asset Management Ltd. Acquires 1,430 Shares of Jacobs Solutions Inc. (NYSE:J)

Royal London Asset Management Ltd. lifted its holdings in Jacobs Solutions Inc. (NYSE:J) by 2.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 57,102 shares of the company’s stock after acquiring an additional 1,430 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Jacobs Solutions were worth $7,630,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of J. Ninety One UK Ltd boosted its holdings in Jacobs Solutions by 29.2% in the fourth quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company’s stock worth $265,649,000 after acquiring an additional 449,161 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of Jacobs Solutions by 15,913.6% in the 4th quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company’s stock worth $59,977,000 after purchasing an additional 446,057 shares during the last quarter. Natixis Advisors LLC boosted its stake in Jacobs Solutions by 138.9% in the 4th quarter. Natixis Advisors LLC now owns 479,452 shares of the company’s stock worth $64,065,000 after purchasing an additional 278,777 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Jacobs Solutions during the 4th quarter valued at about $24,069,000. Finally, Soros Fund Management LLC raised its holdings in Jacobs Solutions by 34.3% in the third quarter. Soros Fund Management LLC now owns 500,907 shares of the company’s stock worth $65,569,000 after buying an additional 127,874 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Stock Down 0.5 %

J stock opened at $121.23 on Monday. The company has a market cap of $14.86 billion, a price-to-earnings ratio of 24.99, 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 quick ratio of 1.25 and a current ratio of 1.25. The business’s 50-day moving average is $130.74 and its two-hundred day moving average is $136.65. Jacobs Solutions Inc. has a fifty-two week low of $118.71 and a fifty-two week high of $156.31.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.04. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.45 EPS. As a group, 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 approved a share repurchase program on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the company to buy up to 9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.06%. 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 (DPR) is currently 26.39%.

Analysts Set New Price Targets

A number of research firms have recently commented on J. Robert W. Baird cut their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group reiterated a “neutral” rating and set a $150.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Citigroup reduced their target price on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Truist Financial upped their price target on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Finally, StockNews.com began coverage on Jacobs Solutions in a report on Wednesday, December 4th. They issued a “hold” rating for the company. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $153.63.

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.