Ensign Peak Advisors Inc Raises Position in Jacobs Solutions Inc. (NYSE:J)

Ensign Peak Advisors Inc increased its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 21.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,086 shares of the company's stock after purchasing an additional 9,397 shares during the quarter. Ensign Peak Advisors Inc's holdings in Jacobs Solutions were worth $7,093,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in J. Orion Portfolio Solutions LLC grew its holdings in Jacobs Solutions by 0.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company's stock worth $1,471,000 after acquiring an additional 83 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in Jacobs Solutions by 5.3% in the 4th quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock worth $231,000 after acquiring an additional 87 shares during the last quarter. Evoke Wealth LLC grew its holdings in Jacobs Solutions by 0.7% in the 4th quarter. Evoke Wealth LLC now owns 12,385 shares of the company's stock worth $1,655,000 after acquiring an additional 88 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Jacobs Solutions by 10.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company's stock worth $128,000 after acquiring an additional 92 shares during the last quarter. Finally, Greenleaf Trust grew its holdings in Jacobs Solutions by 3.5% in the 4th quarter. Greenleaf Trust now owns 2,773 shares of the company's stock worth $371,000 after acquiring an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Up 0.2%

NYSE:J traded up $0.31 during mid-day trading on Friday, hitting $129.11. 734,425 shares of the company's stock were exchanged, compared to its average volume of 803,320. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $156.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. The business has a fifty day moving average price of $120.88 and a 200 day moving average price of $130.41. The company has a market cap of $15.51 billion, a PE ratio of 26.62, a P/E/G ratio of 1.84 and a beta of 0.77.

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, topping the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter in the previous year, the firm posted $1.91 earnings per share. Jacobs Solutions's quarterly revenue was up 2.2% on a year-over-year basis. Equities analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Friday, May 23rd. Jacobs Solutions's payout ratio is currently 35.26%.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Citigroup cut their target price on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Robert W. Baird cut their target price on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Royal Bank of Canada lifted their target price on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Truist Financial lifted their target price on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research note on Monday, May 12th. Finally, UBS Group cut their target price on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Four 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 an average rating of "Moderate Buy" and an average target price of $150.86.

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.