BI Asset Management Fondsmaeglerselskab A S Takes Position in Jacobs Solutions Inc. (NYSE:J)

BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,982 shares of the company's stock, valued at approximately $666,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of J. Avalon Trust Co bought a new position in Jacobs Solutions in the fourth quarter worth about $33,000. Larson Financial Group LLC raised its stake in shares of Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock worth $37,000 after acquiring an additional 115 shares in the last quarter. Assetmark Inc. lifted its position in Jacobs Solutions by 42.7% during the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after acquiring an additional 100 shares during the last quarter. Catalyst Capital Advisors LLC lifted its position in Jacobs Solutions by 215.7% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company's stock valued at $49,000 after acquiring an additional 248 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Jacobs Solutions in the fourth quarter valued at approximately $65,000. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

J has been the subject of several analyst reports. Truist Financial decreased their price objective on Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Robert W. Baird lowered their price target on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Finally, Citigroup cut their price objective on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a report on Friday. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $150.86.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock traded up $0.40 on Tuesday, reaching $122.81. 137,703 shares of the stock were exchanged, compared to its average volume of 780,051. The business has a 50 day moving average price of $121.14 and a two-hundred day moving average price of $131.89. The firm has a market capitalization of $15.05 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 1.84 and a beta of 0.73. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $156.31. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates 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 business's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.45 earnings per share. Analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

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

Jacobs Solutions Increases Dividend

The business also recently announced 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 represents a $1.28 annualized dividend and a yield of 1.04%. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, February 21st. Jacobs Solutions's dividend payout ratio (DPR) is 26.39%.

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.