Jacobs Solutions Inc. (NYSE:J) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. decreased its position in Jacobs Solutions Inc. (NYSE:J) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,676 shares of the company’s stock after selling 201 shares during the quarter. Securian Asset Management Inc.’s holdings in Jacobs Solutions were worth $892,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Heritage Family Offices LLP grew its position in shares of Jacobs Solutions by 55.7% in the 4th quarter. Heritage Family Offices LLP now owns 14,912 shares of the company’s stock worth $1,993,000 after acquiring an additional 5,332 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Jacobs Solutions by 1.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company’s stock worth $1,305,000 after acquiring an additional 175 shares in the last quarter. Occidental Asset Management LLC grew its position in shares of Jacobs Solutions by 11.7% in the 4th quarter. Occidental Asset Management LLC now owns 25,045 shares of the company’s stock worth $3,347,000 after acquiring an additional 2,619 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Jacobs Solutions by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company’s stock worth $56,778,000 after acquiring an additional 47,211 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Jacobs Solutions in the 3rd quarter worth approximately $3,205,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Stock Up 2.7 %

Shares of Jacobs Solutions stock opened at $122.50 on Friday. The business’s fifty day moving average price is $131.75 and its two-hundred day moving average price is $137.67. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $15.01 billion, a P/E ratio of 25.26, a PEG ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 1-year low of $110.95 and a 1-year high of $150.54.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.04. The firm had revenue of $2.93 billion for 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 revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 EPS. As a group, research analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions announced that its board has approved a share buyback program 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 programs are generally a sign that the company’s board believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Friday, February 21st. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s payout ratio is currently 26.39%.

Analyst Ratings Changes

J has been the topic of several recent research reports. Robert W. Baird cut their price target on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Truist Financial raised their price target on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Citigroup cut their price target on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. StockNews.com initiated coverage on Jacobs Solutions in a report on Wednesday, December 4th. They issued a “hold” rating on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $153.63.

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.