Dimensional Fund Advisors LP Has $163.96 Million Stock Position in Jacobs Solutions Inc. (NYSE:J)

Dimensional Fund Advisors LP reduced its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 2.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,227,042 shares of the company's stock after selling 32,314 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.00% of Jacobs Solutions worth $163,956,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Avalon Trust Co acquired a new position in shares of Jacobs Solutions in the fourth quarter valued at approximately $33,000. Larson Financial Group LLC increased its position in 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 buying an additional 115 shares during the period. Assetmark Inc. increased its position in Jacobs Solutions by 42.7% during the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after buying an additional 100 shares during the period. Catalyst Capital Advisors LLC lifted its holdings in shares of Jacobs Solutions by 215.7% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the company's stock worth $49,000 after buying an additional 248 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Jacobs Solutions in the fourth quarter valued at about $65,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Jacobs Solutions Price Performance

Shares of J traded down $0.07 during midday trading on Wednesday, hitting $123.84. The company's stock had a trading volume of 1,077,470 shares, compared to its average volume of 785,941. 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 Inc. has a one year low of $106.23 and a one year high of $156.31. The stock has a market capitalization of $15.18 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 1.84 and a beta of 0.73. The company's fifty day simple moving average is $120.92 and its two-hundred day simple moving average is $131.78.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.04. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The firm had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.92 billion. During the same quarter in the previous year, the business posted $1.45 earnings per share. The business's revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.03%. Jacobs Solutions's dividend payout ratio is currently 26.39%.

Jacobs Solutions announced that its Board of Directors has approved a share buyback plan 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 plans are typically a sign that the company's management 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.