Jacobs Solutions Inc. (NYSE:J) Position Decreased by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 22.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,733 shares of the company’s stock after selling 500 shares during the period. Dana Investment Advisors Inc.’s holdings in Jacobs Solutions were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Cullen Frost Bankers Inc. boosted its holdings in shares of Jacobs Solutions by 8.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 83,511 shares of the company’s stock worth $11,159,000 after buying an additional 6,514 shares during the period. Arizona State Retirement System boosted its holdings in shares of Jacobs Solutions by 0.6% in the fourth quarter. Arizona State Retirement System now owns 36,088 shares of the company’s stock worth $4,822,000 after buying an additional 214 shares during the period. Proficio Capital Partners LLC boosted its holdings in shares of Jacobs Solutions by 19.8% in the fourth quarter. Proficio Capital Partners LLC now owns 3,359 shares of the company’s stock worth $449,000 after buying an additional 556 shares during the period. LVZ Inc. boosted its holdings in shares of Jacobs Solutions by 24.3% in the fourth quarter. LVZ Inc. now owns 2,708 shares of the company’s stock worth $362,000 after buying an additional 530 shares during the period. Finally, Atria Investments Inc boosted its holdings in shares of Jacobs Solutions by 9.3% in the fourth quarter. Atria Investments Inc now owns 16,236 shares of the company’s stock worth $2,169,000 after buying an additional 1,384 shares during the period. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

Shares of J opened at $124.62 on Monday. The firm has a market cap of $15.27 billion, a PE ratio of 25.69, a PEG ratio of 1.84 and a beta of 0.77. The firm’s 50 day moving average price is $132.92 and its 200 day moving average price is $138.56. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. Jacobs Solutions Inc. has a twelve month low of $110.95 and a twelve month high of $150.54.

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, beating the consensus estimate of $1.29 by $0.04. The firm had revenue of $2.93 billion for 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%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.45 earnings per share. As a group, research analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions declared that its Board of Directors has approved a stock repurchase plan on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.03%. The ex-dividend date is Friday, February 21st. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. Jacobs Solutions’s dividend payout ratio (DPR) is presently 26.39%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Benchmark cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. StockNews.com assumed coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They issued a “hold” rating for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Truist Financial increased their price target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Finally, Citigroup reduced their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $155.89.

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.