Mackenzie Financial Corp Purchases 46,037 Shares of Jacobs Solutions Inc. (NYSE:J)

Mackenzie Financial Corp lifted its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 44.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 150,724 shares of the company's stock after buying an additional 46,037 shares during the quarter. Mackenzie Financial Corp owned about 0.12% of Jacobs Solutions worth $20,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Toronto Dominion Bank boosted its holdings in shares of Jacobs Solutions by 6.0% during the 4th quarter. Toronto Dominion Bank now owns 66,478 shares of the company's stock valued at $8,883,000 after buying an additional 3,757 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Jacobs Solutions by 4.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 65,383 shares of the company's stock worth $8,736,000 after purchasing an additional 2,794 shares in the last quarter. Inspire Trust Co. N.A. grew its stake in shares of Jacobs Solutions by 8.9% in the 4th quarter. Inspire Trust Co. N.A. now owns 9,780 shares of the company's stock worth $1,307,000 after buying an additional 800 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Jacobs Solutions by 3.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 673,832 shares of the company's stock valued at $90,037,000 after buying an additional 23,722 shares in the last quarter. Finally, Waverly Advisors LLC raised its stake in Jacobs Solutions by 13.9% during the fourth quarter. Waverly Advisors LLC now owns 2,027 shares of the company's stock valued at $271,000 after buying an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

NYSE:J traded down $0.69 on Thursday, hitting $126.01. The stock had a trading volume of 582,649 shares, compared to its average volume of 801,533. The business's 50-day simple moving average is $121.70 and its two-hundred day simple moving average is $129.55. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $156.31. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The stock has a market cap of $15.14 billion, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77.

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 for the quarter, topping the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $3 billion. During the same period last year, the firm earned $1.91 earnings per share. The company's quarterly revenue was up 2.2% on a year-over-year basis. As a group, research analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 4th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to repurchase up to 9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

Jacobs Solutions Announces Dividend

The company 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 1.02%. Jacobs Solutions's payout ratio is 35.26%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on J. Royal Bank of Canada increased their target price 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 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 note on Wednesday, February 5th. UBS Group dropped 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 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, Citigroup lowered their price objective on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Jacobs Solutions has an average rating of "Moderate Buy" and an average 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.