Todd Asset Management LLC Grows Stake in Jacobs Solutions Inc. (NYSE:J)

Todd Asset Management LLC lifted its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 312,772 shares of the company’s stock after purchasing an additional 5,109 shares during the period. Todd Asset Management LLC owned about 0.25% of Jacobs Solutions worth $41,793,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Amalgamated Bank boosted its position in Jacobs Solutions by 2.4% during the fourth quarter. Amalgamated Bank now owns 26,167 shares of the company’s stock worth $3,496,000 after acquiring an additional 610 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Jacobs Solutions by 9.6% during the fourth quarter. Bank of New York Mellon Corp now owns 896,004 shares of the company’s stock worth $119,724,000 after acquiring an additional 78,284 shares during the last quarter. Pine Valley Investments Ltd Liability Co boosted its position in Jacobs Solutions by 2.8% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 21,430 shares of the company’s stock worth $2,864,000 after acquiring an additional 579 shares during the last quarter. BankPlus Trust Department acquired a new position in Jacobs Solutions in the 4th quarter valued at about $72,000. Finally, Rothschild Investment LLC boosted its holdings in Jacobs Solutions by 35.4% in the 4th quarter. Rothschild Investment LLC now owns 11,526 shares of the company’s stock valued at $1,540,000 after purchasing an additional 3,016 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Trading Down 0.4 %

Shares of NYSE:J opened at $128.57 on Tuesday. The company’s 50 day moving average is $134.66 and its two-hundred day moving average is $139.86. Jacobs Solutions Inc. has a 52 week low of $110.95 and a 52 week high of $150.54. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. The company has a market cap of $15.76 billion, a PE ratio of 26.51, a P/E/G ratio of 1.84 and a beta of 0.72.

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

Jacobs Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be issued a $0.32 dividend. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 1.00%. Jacobs Solutions’s payout ratio is presently 26.39%.

Jacobs Solutions declared that its Board of Directors has initiated 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 buy up to 9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Citigroup decreased their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. StockNews.com started coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating on the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Finally, Truist Financial boosted their price target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $155.89.

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.