Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 100,174 Jacobs Solutions Inc. (NYSE:J)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 100,174 shares of the company's stock, valued at approximately $13,385,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Jacobs Solutions at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. increased its stake in Jacobs Solutions by 1.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company's stock valued at $1,305,000 after purchasing an additional 175 shares during the last quarter. National Bank of Canada FI increased its stake in Jacobs Solutions by 956.8% during the fourth quarter. National Bank of Canada FI now owns 264,824 shares of the company's stock worth $35,386,000 after acquiring an additional 239,764 shares during the last quarter. Keene & Associates Inc. acquired a new stake in Jacobs Solutions during the fourth quarter worth about $2,973,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Jacobs Solutions by 34.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,437 shares of the company's stock worth $1,545,000 after acquiring an additional 2,949 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its stake in Jacobs Solutions by 5.5% during the fourth quarter. Evergreen Capital Management LLC now owns 69,123 shares of the company's stock worth $9,236,000 after acquiring an additional 3,609 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Up 1.4%

Shares of J stock traded up $1.79 during trading hours on Tuesday, reaching $125.92. The company had a trading volume of 625,197 shares, compared to its average volume of 805,938. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $156.31. The company has a market capitalization of $15.13 billion, a P/E ratio of 25.96, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The stock's fifty day simple moving average is $121.87 and its 200 day simple moving average is $128.91.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $3 billion. During the same quarter last year, the firm earned $1.91 earnings per share. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, sell-side analysts expect 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 authorized a share repurchase plan on Tuesday, February 4th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to reacquire up to 9% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.02%. Jacobs Solutions's dividend payout ratio (DPR) is presently 35.26%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Truist Financial upped their price target on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research note on Monday, May 12th. Robert W. Baird dropped their price target on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. UBS Group dropped their price target on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Citigroup dropped 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, Royal Bank of Canada upped their price target on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Jacobs Solutions presently 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.