Jacobs Solutions Inc. (NYSE:J) Position Increased by Gotham Asset Management LLC

Gotham Asset Management LLC raised its stake in Jacobs Solutions Inc. (NYSE:J) by 12.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 135,644 shares of the company’s stock after buying an additional 15,249 shares during the period. Gotham Asset Management LLC owned approximately 0.11% of Jacobs Solutions worth $18,125,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Kovitz Investment Group Partners LLC lifted its stake in Jacobs Solutions by 345.9% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company’s stock valued at $619,676,000 after buying an additional 3,597,564 shares in the last quarter. Ninety One UK Ltd grew its position in Jacobs Solutions by 29.2% during the 4th quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company’s stock worth $265,649,000 after purchasing an additional 449,161 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Jacobs Solutions by 15,913.6% in the fourth quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company’s stock valued at $59,977,000 after purchasing an additional 446,057 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Jacobs Solutions by 148.2% in the fourth quarter. Deutsche Bank AG now owns 664,564 shares of the company’s stock worth $88,799,000 after buying an additional 396,759 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Jacobs Solutions by 40.3% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,007,612 shares of the company’s stock valued at $134,637,000 after buying an additional 289,573 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Trading Down 0.1 %

Shares of J stock opened at $122.78 on Friday. The company has a market cap of $15.05 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. 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 Inc. has a 12 month low of $106.23 and a 12 month high of $156.31. The business’s 50 day moving average is $120.47 and its two-hundred day moving average is $130.89.

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

Jacobs Solutions declared that its board has authorized a stock 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 generally a sign that the company’s board of directors believes its stock is undervalued.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 annualized dividend and a yield of 1.04%. Jacobs Solutions’s dividend payout ratio is 35.26%.

Analyst Upgrades and Downgrades

J has been the topic of several research analyst reports. Citigroup lowered their target price on Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Royal Bank of Canada lifted their target price on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday. UBS Group dropped their price target on shares of Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating on the stock in a research note on Friday. Truist Financial reduced their price objective on Jacobs Solutions from $141.00 to $130.00 and set a “hold” rating for the company in a research report on Tuesday, April 8th. Finally, Robert W. Baird cut their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.29.

About Jacobs Solutions

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.