National Bank of Canada FI Has $35.39 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

National Bank of Canada FI increased its stake in Jacobs Solutions Inc. (NYSE:J) by 956.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 264,824 shares of the company’s stock after acquiring an additional 239,764 shares during the quarter. National Bank of Canada FI owned about 0.22% of Jacobs Solutions worth $35,386,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in J. FMR LLC grew its holdings in Jacobs Solutions by 3.9% during the 3rd quarter. FMR LLC now owns 79,358 shares of the company’s stock worth $10,388,000 after acquiring an additional 3,011 shares during the period. Public Sector Pension Investment Board increased its holdings in Jacobs Solutions by 412.3% in the third quarter. Public Sector Pension Investment Board now owns 24,105 shares of the company’s stock worth $3,155,000 after purchasing an additional 19,400 shares in the last quarter. Captrust Financial Advisors lifted its stake in Jacobs Solutions by 4.5% in the third quarter. Captrust Financial Advisors now owns 24,601 shares of the company’s stock valued at $3,220,000 after buying an additional 1,059 shares during the period. Benjamin Edwards Inc. grew its position in shares of Jacobs Solutions by 27,300.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,644 shares of the company’s stock worth $215,000 after buying an additional 1,638 shares during the period. Finally, Hilltop Holdings Inc. grew its position in shares of Jacobs Solutions by 6.3% during the 3rd quarter. Hilltop Holdings Inc. now owns 5,216 shares of the company’s stock worth $683,000 after buying an additional 310 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Truist Financial raised their price target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $150.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Robert W. Baird reduced their price objective on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. StockNews.com began coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating on the stock. 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. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $153.86.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $124.61 on Thursday. 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 stock has a market cap of $15.27 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The stock’s fifty day simple moving average is $128.29 and its two-hundred day simple moving average is $135.56. Jacobs Solutions Inc. has a 1-year low of $118.67 and a 1-year high of $156.31.

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

Jacobs Solutions Increases Dividend

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

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