Jacobs Solutions Inc. (NYSE:J) Shares Bought by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. grew its position in Jacobs Solutions Inc. (NYSE:J) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,100 shares of the company’s stock after purchasing an additional 158 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Jacobs Solutions were worth $2,018,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of J. GAMMA Investing LLC grew its position in shares of Jacobs Solutions by 55.8% during the third quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock worth $53,000 after acquiring an additional 145 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in Jacobs Solutions by 219.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 6,707 shares of the company’s stock worth $878,000 after purchasing an additional 4,608 shares during the period. CX Institutional grew its position in Jacobs Solutions by 8.5% during the 3rd quarter. CX Institutional now owns 8,015 shares of the company’s stock worth $1,049,000 after purchasing an additional 629 shares during the last quarter. Creative Planning increased its stake in Jacobs Solutions by 1.0% in the third quarter. Creative Planning now owns 32,079 shares of the company’s stock valued at $4,199,000 after purchasing an additional 327 shares during the period. Finally, Occidental Asset Management LLC raised its holdings in shares of Jacobs Solutions by 7.8% in the third quarter. Occidental Asset Management LLC now owns 22,426 shares of the company’s stock valued at $2,936,000 after buying an additional 1,618 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

J has been the subject of several research analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Truist Financial increased their price target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Citigroup reduced their price objective 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. Benchmark lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.89.

Jacobs Solutions Trading Down 0.9 %

NYSE J opened at $133.21 on Wednesday. The company’s fifty day moving average price is $136.06 and its two-hundred day moving average price is $140.80. The company has a market capitalization of $16.32 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 1.88 and a beta of 0.72. Jacobs Solutions Inc. has a 12 month low of $110.95 and a 12 month high of $150.54. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.20.

Jacobs Solutions (NYSE:J) last posted its 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 analyst estimates of $2.92 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. Jacobs Solutions’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.45 EPS. As a group, research analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be given a $0.32 dividend. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.96%. Jacobs Solutions’s dividend payout ratio (DPR) is 23.92%.

Jacobs Solutions announced that its Board of Directors has approved a share buyback program on Tuesday, February 4th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to purchase up to 9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management 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.