OMERS ADMINISTRATION Corp Sells 2,416 Shares of Jacobs Solutions Inc. (NYSE:J)

OMERS ADMINISTRATION Corp cut its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 31.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,275 shares of the company's stock after selling 2,416 shares during the period. OMERS ADMINISTRATION Corp's holdings in Jacobs Solutions were worth $705,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Colonial Trust Co SC grew 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 worth $28,000 after buying an additional 205 shares during the period. Avalon Trust Co bought a new position in Jacobs Solutions during the 4th quarter worth approximately $33,000. Larson Financial Group LLC grew its holdings 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 purchasing an additional 115 shares during the period. Assetmark Inc. increased its stake in Jacobs Solutions by 42.7% in the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after purchasing an additional 100 shares in the last quarter. Finally, Optiver Holding B.V. increased its stake in Jacobs Solutions by 113.8% in 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 in the last quarter. Institutional investors own 85.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on J shares. UBS Group decreased their price target on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a report on Friday, May 9th. Citigroup decreased their target price 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. Truist Financial increased their price target on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a report on Monday, May 12th. Royal Bank of Canada lifted their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, Robert W. Baird decreased their price objective on 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 issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $150.86.

Jacobs Solutions Stock Down 1.4%

Shares of J stock traded down $1.79 on Wednesday, hitting $126.33. 613,028 shares of the stock were exchanged, compared to its average volume of 803,333. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $15.18 billion, a P/E ratio of 26.05, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $156.31. The business has a 50-day moving average of $121.20 and a 200 day moving average of $130.17.

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 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 business's revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.91 EPS. Equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS 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 repurchase $1.50 billion in shares. This repurchase authorization permits the company to buy up to 9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.01%. Jacobs Solutions's dividend payout ratio is 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.