Aristotle Capital Boston LLC Sells 3,882 Shares of Jacobs Solutions Inc. (NYSE:J)

Aristotle Capital Boston LLC reduced its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 41,842 shares of the company's stock after selling 3,882 shares during the quarter. Aristotle Capital Boston LLC's holdings in Jacobs Solutions were worth $5,591,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in J. Barclays PLC lifted its stake in Jacobs Solutions by 31.7% during the 3rd quarter. Barclays PLC now owns 312,700 shares of the company's stock valued at $40,933,000 after acquiring an additional 75,318 shares in the last quarter. Virtu Financial LLC boosted its holdings in shares of Jacobs Solutions by 151.2% in the 3rd quarter. Virtu Financial LLC now owns 4,675 shares of the company's stock worth $612,000 after buying an additional 2,814 shares during the last quarter. Tidal Investments LLC increased its holdings in Jacobs Solutions by 3.5% during the third quarter. Tidal Investments LLC now owns 24,440 shares of the company's stock worth $3,199,000 after buying an additional 829 shares during the last quarter. Synovus Financial Corp increased its stake in shares of Jacobs Solutions by 7.3% during the 3rd quarter. Synovus Financial Corp now owns 5,117 shares of the company's stock worth $670,000 after purchasing an additional 350 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Jacobs Solutions by 4.3% during the third quarter. Principal Financial Group Inc. now owns 145,574 shares of the company's stock valued at $19,056,000 after purchasing an additional 5,959 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on J shares. Truist Financial cut their target price on shares of Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Robert W. Baird reduced their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Finally, Citigroup lowered their target price on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Jacobs Solutions has an average rating of "Moderate Buy" and a consensus target price of $150.86.

Jacobs Solutions Stock Performance

J traded down $7.10 during midday trading on Tuesday, hitting $119.54. 1,465,198 shares of the company traded hands, compared to its average volume of 798,323. The company's 50-day moving average is $120.70 and its 200 day moving average is $131.24. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $14.65 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $156.31.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, meeting analysts' consensus estimates of $1.43. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. During the same period in the prior year, the business earned $1.91 EPS. The business's quarterly revenue was up 2.2% compared to the same quarter last year. On average, research analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.07%. Jacobs Solutions's dividend payout ratio (DPR) is presently 26.39%.

Jacobs Solutions declared that its board has authorized a stock buyback plan on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the company to purchase up to 9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Jacobs Solutions 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.