Toronto Dominion Bank Has $8.88 Million Position in Jacobs Solutions Inc. (NYSE:J)

Toronto Dominion Bank boosted its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 6.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 66,478 shares of the company's stock after purchasing an additional 3,757 shares during the period. Toronto Dominion Bank owned about 0.05% of Jacobs Solutions worth $8,883,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its holdings in Jacobs Solutions by 4.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 65,383 shares of the company's stock valued at $8,736,000 after purchasing an additional 2,794 shares during the last quarter. Inspire Trust Co. N.A. raised its stake in shares of Jacobs Solutions by 8.9% in the fourth quarter. Inspire Trust Co. N.A. now owns 9,780 shares of the company's stock worth $1,307,000 after acquiring an additional 800 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Jacobs Solutions by 3.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 673,832 shares of the company's stock worth $90,037,000 after acquiring an additional 23,722 shares during the last quarter. Waverly Advisors LLC raised its stake in shares of Jacobs Solutions by 13.9% in the fourth quarter. Waverly Advisors LLC now owns 2,027 shares of the company's stock worth $271,000 after acquiring an additional 248 shares during the last quarter. Finally, Woodline Partners LP bought a new position in shares of Jacobs Solutions in the fourth quarter worth about $997,000. 85.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on J. Robert W. Baird dropped their target price 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. Royal Bank of Canada boosted their target price on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Citigroup dropped their target price on shares of 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 boosted their target price on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research note on Monday, May 12th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $150.86.

Jacobs Solutions Trading Down 1.7%

Shares of NYSE:J traded down $2.20 during trading on Monday, hitting $124.10. 805,023 shares of the company's stock were exchanged, compared to its average volume of 805,818. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $156.31. The firm has a 50-day moving average price of $121.82 and a two-hundred day moving average price of $128.93. 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 cap of $14.91 billion, a P/E ratio of 25.59, a PEG ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 EPS 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 company had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $3 billion. During the same quarter in the previous year, the company earned $1.91 EPS. Jacobs Solutions's revenue was up 2.2% on a year-over-year basis. Equities analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Friday, May 23rd. Jacobs Solutions's dividend payout ratio is currently 35.26%.

Jacobs Solutions declared that its Board of Directors has initiated a share 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 stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

Jacobs Solutions 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.