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 disclosure with the SEC. The firm owned 5,275 shares of the company's stock after selling 2,416 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Jacobs Solutions were worth $705,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kovitz Investment Group Partners LLC raised its stake in shares of Jacobs Solutions by 345.9% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock worth $619,676,000 after acquiring an additional 3,597,564 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Jacobs Solutions by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 3,155,839 shares of the company's stock worth $420,626,000 after acquiring an additional 10,174 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Jacobs Solutions by 933.6% in the fourth quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock worth $281,808,000 after acquiring an additional 1,904,988 shares during the last quarter. Ninety One UK Ltd raised its stake in shares of Jacobs Solutions by 29.2% in the fourth quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company's stock worth $265,649,000 after acquiring an additional 449,161 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Jacobs Solutions by 9.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,809,207 shares of the company's stock worth $241,746,000 after acquiring an additional 157,086 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Trading Down 0.8%

Shares of J stock traded down $0.98 on Friday, reaching $125.83. The company had a trading volume of 510,846 shares, compared to its average volume of 802,213. 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 stock has a market cap of $15.12 billion, a PE ratio of 25.94, a PEG ratio of 1.84 and a beta of 0.77. The company has a 50-day moving average of $121.43 and a 200-day moving average of $129.95. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $156.31.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. The company had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $3 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. Jacobs Solutions's revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.91 EPS. On average, equities analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions announced that its board has initiated a share repurchase program on Tuesday, February 4th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to repurchase up to 9% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be paid 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 1.02%. Jacobs Solutions's dividend payout ratio (DPR) is presently 35.26%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. UBS Group dropped their target price on shares of 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 dropped their price objective on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a report on Friday, April 25th. Robert W. Baird dropped 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 boosted their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a report on Monday, May 12th. Finally, Royal Bank of Canada boosted their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. 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 stock presently has a consensus rating of "Moderate Buy" and an average price target 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.