Bremer Bank National Association Grows Stake in Jacobs Solutions Inc. (NYSE:J)

Bremer Bank National Association boosted its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 8.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,964 shares of the company's stock after acquiring an additional 2,223 shares during the period. Bremer Bank National Association's holdings in Jacobs Solutions were worth $3,501,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in J. Stratos Wealth Partners LTD. boosted its position in shares of Jacobs Solutions by 1.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company's stock worth $1,305,000 after purchasing an additional 175 shares in the last quarter. National Bank of Canada FI boosted its holdings in Jacobs Solutions by 956.8% in 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 in the last quarter. Keene & Associates Inc. bought a new position in Jacobs Solutions in the fourth quarter worth approximately $2,973,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Jacobs Solutions by 34.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,437 shares of the company's stock valued at $1,545,000 after acquiring an additional 2,949 shares during the period. Finally, Evergreen Capital Management LLC increased its holdings in shares of Jacobs Solutions by 5.5% during the fourth quarter. Evergreen Capital Management LLC now owns 69,123 shares of the company's stock valued at $9,236,000 after acquiring an additional 3,609 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

Shares of J stock traded down $0.29 on Wednesday, hitting $125.55. 428,756 shares of the stock were exchanged, compared to its average volume of 804,434. The firm's 50 day moving average is $121.87 and its two-hundred day moving average is $128.91. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $156.31. The firm has a market capitalization of $15.09 billion, a PE ratio of 25.89, a P/E/G ratio of 1.84 and a beta of 0.77. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.02. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $3 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The company's revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $1.91 earnings per share. Sell-side 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 dividend of $0.32 per share. The ex-dividend date is Friday, May 23rd. This represents a $1.28 annualized dividend and a dividend yield of 1.02%. Jacobs Solutions's dividend payout ratio is currently 35.26%.

Jacobs Solutions declared that its Board of Directors has approved a stock repurchase program on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the company to buy up to 9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Royal Bank of Canada upped their price objective on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Citigroup lowered their price target on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research report on Friday, April 25th. UBS Group reduced their target price on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Truist Financial raised their price target on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research report on Monday, May 12th. Finally, Robert W. Baird reduced their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.