Ameriprise Financial Inc. Has $42.57 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Ameriprise Financial Inc. lessened its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 22.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 318,622 shares of the company's stock after selling 94,380 shares during the period. Ameriprise Financial Inc. owned 0.26% of Jacobs Solutions worth $42,574,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. American Trust Investment Advisors LLC grew its holdings in Jacobs Solutions by 4.3% during the 4th quarter. American Trust Investment Advisors LLC now owns 40,159 shares of the company's stock worth $5,366,000 after acquiring an additional 1,645 shares during the period. Ancora Advisors LLC grew its holdings in shares of Jacobs Solutions by 102.5% in the 4th quarter. Ancora Advisors LLC now owns 51,465 shares of the company's stock valued at $6,877,000 after buying an additional 26,050 shares during the period. AXA S.A. grew its holdings in shares of Jacobs Solutions by 148.4% in the 4th quarter. AXA S.A. now owns 91,180 shares of the company's stock valued at $12,183,000 after buying an additional 54,469 shares during the period. South Plains Financial Inc. acquired a new position in shares of Jacobs Solutions in the 4th quarter valued at $783,000. Finally, Mercer Global Advisors Inc. ADV grew its holdings in shares of Jacobs Solutions by 1.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 31,152 shares of the company's stock valued at $4,162,000 after buying an additional 533 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Trading Down 0.1%

J opened at $122.78 on Monday. The stock has a market capitalization of $15.05 billion, a P/E ratio of 25.32, a P/E/G ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $156.31. The firm's fifty day simple moving average is $120.47 and its 200 day simple moving average is $130.74. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. The business had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $3 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The firm's revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.91 EPS. As a group, research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions announced that its Board of Directors has approved a stock repurchase program on Tuesday, February 4th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 annualized dividend and a yield of 1.04%. Jacobs Solutions's dividend payout ratio (DPR) is presently 35.26%.

Wall Street Analyst Weigh In

J has been the subject of several research analyst reports. Truist Financial decreased their price target on shares of Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada boosted their price target on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Robert W. Baird decreased their price target on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Citigroup decreased their price target on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, UBS Group decreased their price target on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a report on Friday. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $149.29.

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.

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