Barrow Hanley Mewhinney & Strauss LLC Decreases Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Barrow Hanley Mewhinney & Strauss LLC lessened its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,477,855 shares of the company's stock after selling 746,118 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 2.02% of Jacobs Solutions worth $331,091,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kovitz Investment Group Partners LLC increased its stake in shares of Jacobs Solutions by 345.9% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock valued at $619,676,000 after purchasing an additional 3,597,564 shares during the last quarter. Geode Capital Management LLC boosted its stake in Jacobs Solutions by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 3,155,839 shares of the company's stock valued at $420,626,000 after buying an additional 10,174 shares in the last quarter. Lazard Asset Management LLC grew its position in Jacobs Solutions by 933.6% in the fourth quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock valued at $281,808,000 after acquiring an additional 1,904,988 shares during the last quarter. Ninety One UK Ltd raised its stake in Jacobs Solutions by 29.2% during the fourth quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company's stock worth $265,649,000 after acquiring an additional 449,161 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Jacobs Solutions by 9.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,809,207 shares of the company's stock worth $241,746,000 after acquiring an additional 157,086 shares in the last quarter. Institutional investors own 85.65% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on J shares. Citigroup reduced their price target 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. 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 report on Friday, May 9th. Robert W. Baird decreased 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 increased their price target on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, Truist Financial boosted their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $150.86.

Jacobs Solutions Trading Down 0.6%

Shares of Jacobs Solutions stock traded down $0.75 during trading on Wednesday, hitting $127.91. The company's stock had a trading volume of 146,484 shares, compared to its average volume of 800,381. The stock has a market cap of $15.37 billion, a price-to-earnings ratio of 26.35, 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. The stock has a 50-day moving average price of $121.59 and a two-hundred day moving average price of $129.57. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its earnings results 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 return on equity of 14.87% and a net margin of 4.28%. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $3 billion. During the same period in the previous year, the business earned $1.91 EPS. The business's quarterly revenue was up 2.2% compared to the same quarter last year. Equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company 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 dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions's dividend payout ratio is presently 35.26%.

Jacobs Solutions declared that its board has initiated a share buyback plan on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 9% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are 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.