Jacobs Solutions Inc. (NYSE:J) Shares Acquired by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC grew its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,563 shares of the company's stock after buying an additional 2,985 shares during the quarter. Jacobs Solutions comprises 1.5% of Waters Parkerson & CO. LLC's investment portfolio, making the stock its 24th biggest holding. Waters Parkerson & CO. LLC owned 0.17% of Jacobs Solutions worth $27,601,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of J. Barclays PLC lifted its holdings in shares of Jacobs Solutions by 31.7% in the 3rd quarter. Barclays PLC now owns 312,700 shares of the company's stock valued at $40,933,000 after buying an additional 75,318 shares during the period. Assenagon Asset Management S.A. raised its holdings in Jacobs Solutions by 5.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 6,002 shares of the company's stock worth $802,000 after purchasing an additional 316 shares during the last quarter. Park Avenue Securities LLC raised its holdings in Jacobs Solutions by 2.9% during the fourth quarter. Park Avenue Securities LLC now owns 5,691 shares of the company's stock worth $760,000 after purchasing an additional 160 shares during the last quarter. Merit Financial Group LLC acquired a new position in Jacobs Solutions during the fourth quarter worth $368,000. Finally, Kera Capital Partners Inc. acquired a new position in Jacobs Solutions during the fourth quarter worth $277,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on J shares. Robert W. Baird reduced their price objective on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Truist Financial raised their price target on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. 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 report on Friday, April 25th. 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 report on Friday, May 9th. Finally, Royal Bank of Canada raised their price target on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $150.86.

Jacobs Solutions Stock Performance

Shares of J stock opened at $129.11 on Monday. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $156.31. The firm has a market capitalization of $15.51 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The business has a 50 day simple moving average of $120.88 and a 200 day simple moving average of $130.26. 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 released its earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 14.87% and a net margin of 4.28%. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.91 earnings per share. On average, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions announced that its Board of Directors has approved a share repurchase plan on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the company to reacquire up to 9% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be given 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 dividend yield of 0.99%. Jacobs Solutions's dividend payout ratio (DPR) is presently 35.26%.

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.

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