Jacobs Solutions Inc. (NYSE:J) Holdings Raised by Wellington Management Group LLP

Wellington Management Group LLP raised its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 12.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 284,247 shares of the company's stock after purchasing an additional 32,515 shares during the period. Wellington Management Group LLP owned about 0.23% of Jacobs Solutions worth $37,981,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Colonial Trust Co SC raised its position in shares of Jacobs Solutions by 10,250.0% during the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company's stock valued at $28,000 after acquiring an additional 205 shares in the last quarter. Avalon Trust Co acquired a new stake in shares of Jacobs Solutions during the 4th quarter valued at approximately $33,000. Larson Financial Group LLC raised its position in shares of Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after acquiring an additional 115 shares in the last quarter. Assetmark Inc. raised its position in shares of Jacobs Solutions by 42.7% during the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after acquiring an additional 100 shares in the last quarter. Finally, Optiver Holding B.V. raised its position in shares of Jacobs Solutions by 113.8% during the 4th quarter. Optiver Holding B.V. now owns 357 shares of the company's stock valued at $48,000 after acquiring an additional 190 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on J shares. Royal Bank of Canada upped their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Robert W. Baird lowered their price objective 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 lowered their price objective 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 lowered their price objective 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, Truist Financial upped their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research note on Monday, May 12th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $150.86.

Jacobs Solutions Stock Performance

Shares of NYSE:J traded up $0.23 on Wednesday, hitting $126.07. The company's stock had a trading volume of 133,218 shares, compared to its average volume of 803,324. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $156.31. The company has a market capitalization of $15.15 billion, a price-to-earnings ratio of 25.99, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The stock's 50-day moving average is $121.87 and its two-hundred day moving average is $128.91. 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 (NYSE:J - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share (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 company had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $3 billion. During the same quarter in the prior year, the business posted $1.91 earnings per share. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities research analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions declared that its Board of Directors has authorized a stock buyback plan on Tuesday, February 4th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to reacquire up to 9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Jacobs Solutions Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 annualized dividend and a yield of 1.02%. Jacobs Solutions's dividend payout ratio is currently 35.26%.

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.