UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 23,722 Shares of Jacobs Solutions Inc. (NYSE:J)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 673,832 shares of the company's stock after buying an additional 23,722 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.55% of Jacobs Solutions worth $90,037,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Colonial Trust Co SC boosted its stake in Jacobs Solutions by 10,250.0% during the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company's stock valued at $28,000 after buying an additional 205 shares in the last quarter. Avalon Trust Co bought a new position in Jacobs Solutions during the fourth quarter valued at about $33,000. Larson Financial Group LLC boosted its stake in Jacobs Solutions by 71.9% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company's stock valued at $37,000 after buying an additional 115 shares in the last quarter. Assetmark Inc. boosted its stake in Jacobs Solutions by 42.7% during the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after buying an additional 100 shares in the last quarter. Finally, Optiver Holding B.V. lifted its holdings in shares of Jacobs Solutions by 113.8% during the fourth quarter. Optiver Holding B.V. now owns 357 shares of the company's stock valued at $48,000 after purchasing an additional 190 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Up 2.2%

Shares of NYSE J traded up $2.76 during mid-day trading on Tuesday, reaching $128.61. 717,955 shares of the company traded hands, compared to its average volume of 802,956. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $15.45 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The company's fifty day moving average is $121.46 and its two-hundred day moving average is $129.58. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $156.31.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. The business had revenue of $2.91 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.91 EPS. On average, analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

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

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be given a $0.32 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.00%. Jacobs Solutions's dividend payout ratio is currently 35.26%.

Analysts Set New Price Targets

J has been the subject of several analyst reports. UBS Group reduced their target price on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a report on Friday, May 9th. Royal Bank of Canada upped their target price on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Truist Financial upped their target price on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. Citigroup reduced their target price on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Robert W. Baird reduced their target price on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $150.86.

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.